Product Code: ETC019007 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Electric Plugs And Sockets market currently, in 2023, has witnessed an HHI of 1663, Which has increased slightly as compared to the HHI of 1322 in 2017. The market is moving towards moderately 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 Singapore electric plugs and sockets market is expected to expand at a significant CAGR during the forecast period from 2020-2026. The increasing demand for energy efficient products, growing adoption of smart home devices, government initiatives towards digitalization across both residential and commercial sectors are the major factors driving growth in the market. Additionally, increasing investments in research & development activities along with continuous technological advancements have been playing an important role in overall market growth.
Growing Demand for Energy Efficient Products ??? Rising concern over global warming has led to increased awareness about energy conservation leading to an increased demand for energy efficient plugs and sockets among consumers. This trend is likely to remain constant throughout the forecast period due to rising electricity costs as well as emergence of various regulations supporting green initiatives by governments around the world.Government Initiatives Towards Digitalization ??? The Singapore government has taken several measures such as Smart Nation initiative that aims at placing more sensors all around country which will help generate data that can be used by public service departments or businesses alike in order improve services delivered efficiently & securely while leveraging real-time intelligence about citizens??? needs & preferences thereby creating a liveable city for its residents; this factor is anticipated spur demand for electric plugs and sockets during the forecast period.
High Cost Associated with Electric Plugs & Sockets ??? The cost associated with installation of electric plugs and socket remains high owing their complexity. Moreover, installation requires skilled labors further escalating cost making it less appealing option compared other solutions like wireless connection or USB ports; this factor may hamper market growth over next six years.
Major players operating within Singapore Electric Plugs And Sockets Market includes ABB Ltd., Schneider Electric SE, Siemens AG, Hubbell Incorporated, Legrand SA, Havells India Limited, Eaton Corporation PLC ; General Electric Company (GE) ; Leviton Manufacturing Company Inc.; Lutron Electronics Co., Inc.; Mennekes Elektrotechnik GmbH&CoKG ; Nitto Denko Corporation among others.
The Covid 19 pandemic had impacted almost every sector adversely including electrical equipment industry affecting production cycle due to lockdowns imposed globally; this was mainly attributed disruption caused supply chain operations coupled with restrictions on labor availability resulting into decline sales volume especially across Asian countries like China where most producers set up their manufacturing facilities leading considerable loss revenue worldwide thus having impact on industry outlook negatively until 2021 when economy starts revival process post pandemic situation gradually normalizes however long term effects shall remain still uncertain till then causing uncertainty among manufacturers related new product launches & expansions plans under consideration prior outbreak crisis began forcing them reassess strategies plan future accordingly taking account changing dynamics amid prevailing circumstances amidst regional markets remaining focus sustaining cash flows operational continuity
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 Singapore Electric Plugs and Sockets Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Electric Plugs and Sockets Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Electric Plugs and Sockets Market - Industry Life Cycle |
3.4 Singapore Electric Plugs and Sockets Market - Porter's Five Forces |
3.5 Singapore Electric Plugs and Sockets Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Singapore Electric Plugs and Sockets Market Revenues & Volume Share, By Power rate, 2020 & 2030F |
3.7 Singapore Electric Plugs and Sockets Market Revenues & Volume Share, By End User, 2020 & 2030F |
4 Singapore Electric Plugs and Sockets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Electric Plugs and Sockets Market Trends |
6 Singapore Electric Plugs and Sockets Market, By Types |
6.1 Singapore Electric Plugs and Sockets Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Two-Pin, 2020-2030F |
6.1.4 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Three-Pin, 2020-2030F |
6.1.5 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Four-Pin, 2020-2030F |
6.1.6 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Five-pin, 2020-2030F |
6.2 Singapore Electric Plugs and Sockets Market, By Power rate |
6.2.1 Overview and Analysis |
6.2.2 Singapore Electric Plugs and Sockets Market Revenues & Volume, By High Power, 2020-2030F |
6.2.3 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Medium Power, 2020-2030F |
6.2.4 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Low Power, 2020-2030F |
6.3 Singapore Electric Plugs and Sockets Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Residential, 2020-2030F |
6.3.3 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Commercial, 2020-2030F |
6.3.4 Singapore Electric Plugs and Sockets Market Revenues & Volume, By Industrial, 2020-2030F |
7 Singapore Electric Plugs and Sockets Market Import-Export Trade Statistics |
7.1 Singapore Electric Plugs and Sockets Market Export to Major Countries |
7.2 Singapore Electric Plugs and Sockets Market Imports from Major Countries |
8 Singapore Electric Plugs and Sockets Market Key Performance Indicators |
9 Singapore Electric Plugs and Sockets Market - Opportunity Assessment |
9.1 Singapore Electric Plugs and Sockets Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Singapore Electric Plugs and Sockets Market Opportunity Assessment, By Power rate, 2020 & 2030F |
9.3 Singapore Electric Plugs and Sockets Market Opportunity Assessment, By End User, 2020 & 2030F |
10 Singapore Electric Plugs and Sockets Market - Competitive Landscape |
10.1 Singapore Electric Plugs and Sockets Market Revenue Share, By Companies, 2023 |
10.2 Singapore Electric Plugs and Sockets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |