Product Code: ETC019004 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Electric Plugs And Sockets market currently, in 2023, has witnessed an HHI of 1419, Which has increased slightly as compared to the HHI of 1168 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India electric plugs and sockets market is anticipated to grow at a CAGR of 10.3% during the forecast period (2025-2031). India has witnessed an increase in power consumption due to increasing industrial activities, rapid urbanization, and growing disposable income of individuals. This has resulted in higher demand for electrical products such as plugs and sockets with advanced features. In addition, the government?s initiatives towards infrastructure development will further spur growth opportunities for the electric plugs and sockets market in India.
1) Increasing Demand for Advanced Plugs & Sockets: The rising demand from consumers to use energy-efficient appliances with advanced features has promoted manufacturers to introduce innovative plug designs that are compatible with various devices. Major players have invested significant amount on research & development activities resulting into introduction of new lighting fixtures which need specific types of plugs & sockets for connection purpose enabling efficient utilization of electricity resources thus driving the market growth in India.
2) Government Initiatives & Regulations Fostering Growth Opportunities: The Indian government is focusing on improving its electrification rate across rural areas by providing subsidies under Deen Dayal Upadhayaya Gram Jyoti Yojana (DDUGJY), Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), Pradhan Mantri Sahaj Bijli Har Ghar Yojana(Saubhagya) etc., creating opportunities for enhancing distribution networks along with installation of new poles, wires and other associated equipment such as lightening which require specialized type of outlets or connectors hence stimulating demand for electric plugs & socket in India.
1) High Cost Due To Use Of Innovative Technology: Many local vendors offer low cost products but they lack safety standards owing to use inexpensive materials which may cause shocks or fires when an appliance is connected through them hampering customer confidence towards such kind of product leading to lower sales volume/market share globally thus inhibiting market growth over long term horizon . Furthermore , high cost related approvals required during manufacturing process adds up additional burden onto manufacturer affecting their margins adversely .
2) Lack Of Awareness Among Consumers Regarding Safety Standards : Poor literacy level among general population pertaining usage instructions creates difficulty while understanding written warnings regarding any potential hazards leading improper handling , incorrect installations resulting into potential fire incidents causing huge losses making it difficult for industry participants operating within this domain . Thus , these factors pose
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Plugs and Sockets Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Plugs and Sockets Market Revenues & Volume, 2021 & 2031F |
3.3 India Electric Plugs and Sockets Market - Industry Life Cycle |
3.4 India Electric Plugs and Sockets Market - Porter's Five Forces |
3.5 India Electric Plugs and Sockets Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Electric Plugs and Sockets Market Revenues & Volume Share, By Power rate, 2021 & 2031F |
3.7 India Electric Plugs and Sockets Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Electric Plugs and Sockets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Electric Plugs and Sockets Market Trends |
6 India Electric Plugs and Sockets Market, By Types |
6.1 India Electric Plugs and Sockets Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Plugs and Sockets Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Electric Plugs and Sockets Market Revenues & Volume, By Two-Pin, 2021-2031F |
6.1.4 India Electric Plugs and Sockets Market Revenues & Volume, By Three-Pin, 2021-2031F |
6.1.5 India Electric Plugs and Sockets Market Revenues & Volume, By Four-Pin, 2021-2031F |
6.1.6 India Electric Plugs and Sockets Market Revenues & Volume, By Five-pin, 2021-2031F |
6.2 India Electric Plugs and Sockets Market, By Power rate |
6.2.1 Overview and Analysis |
6.2.2 India Electric Plugs and Sockets Market Revenues & Volume, By High Power, 2021-2031F |
6.2.3 India Electric Plugs and Sockets Market Revenues & Volume, By Medium Power, 2021-2031F |
6.2.4 India Electric Plugs and Sockets Market Revenues & Volume, By Low Power, 2021-2031F |
6.3 India Electric Plugs and Sockets Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Electric Plugs and Sockets Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 India Electric Plugs and Sockets Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 India Electric Plugs and Sockets Market Revenues & Volume, By Industrial, 2021-2031F |
7 India Electric Plugs and Sockets Market Import-Export Trade Statistics |
7.1 India Electric Plugs and Sockets Market Export to Major Countries |
7.2 India Electric Plugs and Sockets Market Imports from Major Countries |
8 India Electric Plugs and Sockets Market Key Performance Indicators |
9 India Electric Plugs and Sockets Market - Opportunity Assessment |
9.1 India Electric Plugs and Sockets Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Electric Plugs and Sockets Market Opportunity Assessment, By Power rate, 2021 & 2031F |
9.3 India Electric Plugs and Sockets Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Electric Plugs and Sockets Market - Competitive Landscape |
10.1 India Electric Plugs and Sockets Market Revenue Share, By Companies, 2024 |
10.2 India Electric Plugs and Sockets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |