Pin and Sleeve Device Market to Reach $160.11 Bn, Globally, By 2026 at 11.1% CAGR, Says Allied Market Research
voxeljet AG - American Depositary Shares (VJET)
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Source: PR Newswire
PORTLAND, Oregon, Feb. 12, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Pin and Sleeve Device Market by Product Type (Plug, Connector, Receptacle, and Inlet), and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global pin and sleeve device market was pegged at $68.10 billion in 2018 and is expected to reach $160.11 billion by 2026, growing at a CAGR of 11.1% from 2019 to 2026.Chief Reasons for Market FluctuationsGrowth in installation of plugs and sockets in the U.S. residential sector, surge in demand for dustproof and splash-proof plugs & sockets, and increase in adoption of electric applications in various industrial verticals have boosted the growth of the global pin and sleeve device market. Moreover, high investments in the military and submarine sector supplemented the market growth. However, the surge in the adoption of wireless communication dev
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