Sep 5, 2017   SOURCE: PR NewsWire

Global Socket Converter Market 2017-2021 - Market to Grow at a CAGR of 6.50%

DUBLIN, September 5, 2017 /PRNewswire/ --

The "Global Socket Converter Market 2017-2021" report has been added to Research and Markets' offering.

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The global socket converter market to grow at a CAGR of 6.50% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global socket converter market for 2017-2021. To calculate the market size, the report considers the sales of socket converters worldwide and excludes the sale of components involved and the service of socket converters. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is Increasing electronic devices per household. Consumer electronics such as refrigerators, air conditioners, TVs, and portable electronic devices are increasing in households worldwide. Increasing levels of disposable income and an urge to have a hassle-free life have led people to adapt to the usage of these electronic appliances.

The latest trend gaining momentum in the market is Increasing electrification through hybrid decentralized power systems. Electricity consumption is related to the economic development of a country. Though it is a complex relationship, electricity is a pre-requisite for economic growth, which includes infrastructure and social development.

Further, the report states that one of the major factors hindering the growth of this market is Growing traction of wireless charging. Wireless chargers are devices that allow a rechargeable device to get charged without connecting any wires between the device and the power source. Wireless chargers are a part of a wireless charging system.

Key vendors

    --  BULL
    --  Koninklijke Philips
    --  Schneider Electric

Other prominent vendors

    --  Hangzhou Honyar Electrical
    --  Huntkey Enterprise Group
    --  Xiaomi

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/vgdn4n/global_socket



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SOURCE Research and Markets