Global USB Sockets Market Overview:
A USB plug socket is model for charging portable devices such as a smartphone or tablet whilst still being able to utilise socket outlets. They are easy to retrofit into current systems without the need for additional wiring. A socket with USB is offered with one or multiple USB connections so that many devices can be connected simultaneously. The USB sockets can be put on walls, surface and on desk. Some of the key players profiled in the study are Leviton (United States), Legrand (France), Eaton Corporation (Ireland), Hubbell Incorporated (United States), Jasco Products (United States), Lutron Electronics (United States), TopGreener (United States), Maxxima (United States), Accell (Netherlands), Doug Mockett (United States) and VIMAR (Italy).
On the basis of geography, the market of USB Sockets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Ireland, France, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the USB Sockets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the USB Sockets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Adoption of USB Wall Chargers
- Growing Population and Increasing Construction
- Rising Demand of USB based Home products
- High Initial and Maintenance Cost
- Invention of New Technology including IOT and Cloud Computing
- Growing Infrastructural Development in Developing Countries
- High Price of USB Sockets as Compare to Other Sockets
Major Market Developments:
On Feb. 19, 2019- Leviton announced has launched Dual Type-C with Power Delivery (PD) USB Charger Receptacle, the most advanced USB in-wall charger on the market. The device delivers up to 30 watts of power on a single port and offers up to 2X the charging power when paired with PD-enabled devices for high-speed, efficient charging.
Manufacturers of USB Sockets, Suppliers of USB Sockets, Wholesalers, Distributors and Retailers of USB Sockets, Technology Investor and Governmental Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global USB Sockets market on the basis of product [Wall-Mounted, Surface-Mounted and On Desk] , application [Household, Commercial and Public Utilities], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the USB Sockets market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Ireland, France, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the USB Sockets industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Retrotouch (United Kingdom), KOMTECH Kommunikationstechnik (Germany) and Götessons Industri AB (Sweden).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the USB Sockets market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.