US Pin and Sleeve Device Market
The pin-and-sleeve devices are the preferred choice of the end consumers for secure and high-quality electrical connections in high-abuse environments, well-suited for power equipment including compressor, motor gen-sets, portable tools, conveyors, and lighting. These devices appropriately match the high-current power sources to the accurate equipment, integrating fused and switched interlock in corrosive or wet environments. If these devices are accurately selected, they can solve certain common challenges of installation. Pin-and-sleeve devices enable the insulation of the power supply from dirt, grime, moisture, and certain chemicals. These can be used for sealing the power connections against the environmental impact, avoid accidental disconnection under load, and offer high-end durability. These devices offer standardized designs at power ratings including 60A, 100A, 125A, and 200A.
Based on growth of the market, semiconductors is the fourth-largest export product in North America, following aircraft, refined oil, and automobiles business and it acts as a key driver for the US economic strengths. The US government has launched Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS for America Act) and the American Foundries Act. Both the mentioned acts plan to develop more semiconductor manufacturing and research as the government aims investment in mentioned areas assist the country’s semiconductor industry to grow. Booming semiconductor industry would help in propelling the manufacturing of pin and sleeve device.
Strategic insights for the US Pin and Sleeve Device provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 14.8 Billion |
| Market Size by 2027 | US$ 27.9 Billion |
| Global CAGR (2020 - 2027) | 8.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | United States
|
| Market leaders and key company profiles |
The geographic scope of the US Pin and Sleeve Device refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The US pin and sleeve device market was valued at US$ 14.8 billion in 2019 and is projected to reach US$ 27.9 billion by 2027; it is expected to grow at a CAGR of 8.6% from 2020 to 2027.
Rising demand for these products in the high-abuse environments with critical requirements is driving the growth of the pin and sleeve device market. Moreover, these devices provide high durability, ease of installation, and safety measures depending on the convenience of electrical connection. This is also contributing to the growth of the pin and sleeve device market.
In the US, increase in disposable income of the individuals is playing a significant role in fuelling the demand for different consumer electronics. There is an increase in sales of consumer electronics due to rising demand from the individuals for LED lights, devices used in home automation, and networking products. This would positively impact the production of semiconductors, including pin and sleeve devices. This factor is projected to influence the pin and sleeve device market growth in the US. Moreover, owing to rising investments by the IT & technological companies for technological developments, the country holds a strong technological infrastructure to introduce new technologies in the pin and sleeve device market.
Based on product type, the connector segment dominated the pin and sleeve device market. Barrel connectors, Molex connectors, IEC connectors, and JST connectors are a few connectors used in varied applications. Companies, such as, Leviton give a complete IEC 60309 system of connectors, plugs, inlets, and mechanical interlock devices for both new installations and retrofit to ensure better performance and safety in the critical power connections.
Based on end user, the industrial segment dominated the pin and sleeve device market. Growing use of smart plugs & sockets and dustproof sockets across the diversified industries is likely to promote the scope of pin and sleeve device market in the US.
A few major primary and secondary sources referred to for preparing this report on the pin and sleeve device market in US are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the pin and sleeve device market report are ABB Ltd., Amphenol Corporation, Eaton Corporation Plc, Emerson Electric, F. Walther Electric Corporation, Hubbell Inc., Legrand SA, Meltric Corporation, Mennekes, and Leviton Manufacturing Company, Inc.
The US Pin and Sleeve Device Market is valued at US$ 14.8 Billion in 2019, it is projected to reach US$ 27.9 Billion by 2027.
As per our report US Pin and Sleeve Device Market, the market size is valued at US$ 14.8 Billion in 2019, projecting it to reach US$ 27.9 Billion by 2027. This translates to a CAGR of approximately 8.6% during the forecast period.
The US Pin and Sleeve Device Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the US Pin and Sleeve Device Market report:
The US Pin and Sleeve Device Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The US Pin and Sleeve Device Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the US Pin and Sleeve Device Market value chain can benefit from the information contained in a comprehensive market report.
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