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Receptacles Market Swet to Witness Magnificent Grow

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Date4/8/2021 9:15:34 AM
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The receptacles market is expected to grow at a compound annual growth rate of 5.11% over the forecast period to reach a market size of US$4.613 billion in 2026 from US$3.421 billion in 2020. The growth of the receptacles market is dependent on electrical fittings. The consumers in the urban areas are preferring modernized architecture for houses which are aesthetically appealing and technically sound.

The market is segmented on the basis of By Type 120 Volts, 240 Volts, Ground Fault Circuit Interrupter, By Current up to 32 A, 32 to 125 A, Above 125 A, and By Applications Residential, Electrical, Mechanical, Transportation, Others. Under the COVID-19 pandemic, though the overall electronics, electrical fittings in both residential and commercial places been in decline during the lockdown phase.

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