Socket Converter Market Geographical Scope and Manufacture Analysis by 2021

Socket Converter is an electrical accessory, which is classified as a sub-segment of the electrical equipment industry. Socket converters are generally used when any power adapter of any electrical appliance is not fitting in a given wall socket or an extension cord. These power adapters usually do not fit due to discrepancies in sockets and plug designs across all regions. As a result, these socket converters are used to accommodate such electrical appliances. The demand for socket converters is influenced by factors such as increasing electronic devices in a household, rise in construction spending, and increasing disposable income of consumers.

The Global Socket Converter Market to grow at a CAGR of 6.50% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global socket converter market for 2017-2021. To calculate the market size, the report considers the sales of socket converters worldwide and excludes the sale of components involved and the service of socket converters.

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The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Global Socket Converter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• BULL
• Koninklijke Philips
• Schneider Electric

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Other prominent vendors

• Hangzhou Honyar Electrical
• Huntkey Enterprise Group
• Xiaomi

Market driver

• Increasing electronic devices per household
• For a full, detailed list, view our report

Market challenge

• Growing traction of wireless charging
• For a full, detailed list, view our report

Market trend

• Increasing electrification through hybrid decentralized power systems
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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