A wall socket is a wall-mounted electrical receptacle that provides a point for consumers to plug in various electronic items. Wall outlets provide flexible access to electricity for use with a wide variety of components. Wall sockets make it easier and safer for occupants to power appliances, and are designed to minimize the risk of electrical shock, burns, and other related dangers.
The Major regions to produce wall socket are North America, Europe, China and Japan, which accounting for about 94 % of production in total. China is the largest production region (production share 58.22%).
Wall socket is mainly produced by Legrand, Schneider Electric, Siemens, Simon, S.A., Panasonic, Leviton, Vimar and Honeywell. And these companies occupied above 61.60% market share by sale value in 2015.
Along with the estate industry and ownership, North America, Europe, China and Japan are major consumption regions in wall socket market. The largest consumption region is China, accounting for 50.28% market share in 2015 by consumption volume. China is a promising region to be the fastest developing consumption region in the next few years.
The application of wall socket is residential application, commercial application, industrial application and other applications. Residential application is the major application, which accounts for more than 65% of consumption value. Commercial application is second large consumption filed of industrial plugs and sockets.
Although sales of wall socket brought a lot of opportunities, the industry barrier is rather high and the industry supply chain is rather closed. Therefore, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the wall socket field hastily.

According to this study, over the next five years the Wall Socket market will register a 3.5% CAGR in terms of revenue, the global market size will reach USD 4180 million by 2024, from USD 3400 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Wall Socket business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Wall Socket market by product type, application, key manufacturers and key regions and countries.

This study considers the Wall Socket value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Type A
Type B
Type C
Type I
Type L
Type N
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential Application
Commercial Application
Industrial Application
Other Applications

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Legrand
Schneider Electric
Siemens
Simon, S.A.
Panasonic
Leviton
Vimar
Honeywell
Soben
ABB
Honyar
CHNT
DELIXI
BULL
Midea
Feidiao
Opple

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Wall Socket consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Wall Socket market by identifying its various subsegments.
Focuses on the key global Wall Socket manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Wall Socket with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Wall Socket submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.