U.S. Pin and Sleeve Devices Market Expected to Reach $30,549.2 Million by 2026

WILMINGTON, DE, UNITED STATES, December 13, 2024 /EINPresswire.com/ -- The U.S. pin and sleeve devices market is expected to witness considerable growth due to developments in the installation of plugs and sockets residential sector, followed by an increase in construction activity in the country. Moreover, the defense and conglomerates' heavy investments in the U.S. are expected to drive the market's growth during the forecast period, as the connectors are used for underwater communications in submarines. In addition, an increase in the adoption of IoT-enabled devices boosts the demand for remotely operated smart plugs, which is expected to provide lucrative growth opportunities to the market players in U.S. Allied Market Research, titled, "U.S. Pin and Sleeve devices Market by Type, and End User: Opportunity Analysis and Industry Forecast, 2019-2026," the U.S. pin and sleeve devices market size was valued at $14,452.5 million in 2018, and is projected to reach at $30,549.2 million by 2026, growing at a CAGR of 9.6% from 2019 to 2026.

𝐆𝐞𝐭 𝐚 𝐏𝐃𝐅 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.alliedmarketresearch.com/request-sample/5396

Pin and sleeve devices are used in various electronic appliances in sockets, plugs, receptacles, and inlets to provide secured and high-quality electrical connections. These devices protect the connection from abusive environments such as dust, chemicals, and moisture. Pin and sleeve devices are used in electronic equipment, which indulges in power supply. These include welders, conveyors, compressors, portable tools, lighting, home appliances, and others. Moreover, pin and sleeve devices are used in manufacturing, automotive, marine, and other industries for electric charging, power connectivity, and other applications.

The increase in demand for splashproof and dustproof sockets & plugs finds its application mainly in construction sites, restrooms, and various other places. These dust-proof and splash-proof plugs and sockets offer the benefits of fault-free electric circuits safe for human handling, which promotes its application in residential sectors as well. This, in turn, drives the growth of the U.S. pin and sleeve devices market. Moreover, the rise in the adoption of electrical appliances in the residential, commercial, and industrial sectors, has also increased demand for cost-effective power connectivity devices such as plugs and receptacles. Also, some applications in automotive, oil & gas, manufacturing, and other industries need a smooth flow of current in corrosive environments, wherein such watertight connectors and other pin and sleeve devices provide better results. These devices witness a significant rise in demand among the end user.

In addition, the rise in residential construction activity also contributes toward market growth, as the advancement in construction methods such as prefabricated homes and others has pre-installed sockets for the use of electronics. Thus, growth in the installation of plugs and sockets in the residential sector also fuels market growth. Furthermore, an increased shift toward the adoption of smart plugs and sockets and an increase in several data centers are expected to provide lucrative growth opportunities to market players in the U.S. However, an increase in investment in wireless communication infrastructure acts as a major restraint, which hampers the market growth.

𝐆𝐞𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-for-customization/5396

In 2018, the connectors segment dominated the U.S. pin and sleeve devices industry in terms of revenue in 2019 and is expected to follow the same trend during the forecast period, owing to the rise in the development of computing technologies, consumer electronics, and communication (3C). Moreover, the increase in investment in the U.S. military and submarine sector for power connectors also drives the growth of the connectors market in the U.S. Among the end users, the residential sector secured the highest U.S. pin and sleeve devices market share of about 39.9% in 2018. However, there is a rapid change in the U.S. pin and sleeve devices market trends in the industrial sector. This segment is expected to grow at the highest CAGR of 10.4% from 2019 to 2026.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐔.𝐒. 𝐏𝐢𝐧 𝐚𝐧𝐝 𝐒𝐥𝐞𝐞𝐯𝐞 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :

- Based on type, the connectors segment is expected to generate the highest revenue in the U.S. pin and sleeve devices market during the forecast period.
- Based on end users, the residential segment generated the highest market revenue in 2018.
- The oil & gas industry in the U.S. is expected to be the fastest-growing segment during the forecast period for the U.S. Pin and Sleeve Devices Market.

The key U.S. pin and sleeve devices market leaders profiled in the report include ABB Ltd., Eaton Corporation, Emerson Electric, Meltric Corporation, Schneider Electric, Walther Electric, Inc., Amphenol Corporation, LEGRAND SA, Hubbell Corporation, Mennekes Electroteknik GmbH & Co. KG. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration, and business expansion to increase the market share during the forecast period.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/5396

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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