Pin and sleeve devices are high-current power sources that provides power insulation from moisture, dirt, chemicals, and grime. These devices are designed and manufactured with high-quality components such as battery holders, RFI filters, solid brass pins, LED lighting connectors, and others. These highly secured devices protect the electrical connections in harsh environments. Pin and sleeve devices are utilized in several product ranges from metal-housed to high resistant plastic products. These are ideal for diverse applications and act as a medium between the current and electronic devices.
The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take a worst hit in 2020 and this trend is likely to continue in 2021 as well. The COVID-19 outbreakis creating challenges for institutions, healthcare, labs, manufacturing units, commercial premises, airports, and other verticals. The US is one of the worst-hit countries in the world, with more than 7 million cases. The continuous growth of infected individuals has forced the government to impose lockdown across the nation’s borders. The unprecedented increase in the number of confirmed cases and rise in reported deaths in the country is affecting both supply and demand of pin and sleeve devices. The majority of the manufacturing plants were shut down during the lockdown, and the construction industry was at a halt, which has negatively impacted the pin and sleeve devices market. Thus, scarcity of workforce coupled with halt on construction projects has resulted in a substantial loss in the market. However, the coronavirus outbreak is projected to have a limited short-term impact on the US Pin and Sleeve Device market and the market is projected to depict increasing growth rate from 2021.
The pin-and-sleeve devices are the preferred choice of end consumers for secure and high-quality electrical connections in high-abuse environments, well-suited for power equipment including compressor, motor gen-sets, portable tools, conveyors, and lighting. These devices appropriately match the high-current power sources to the accurate equipment, integrating fused and switched interlock in corrosive or wet environments. If these devices are accurately selected, they can solve certain common challenges of installation. Pin-and-sleeve devices enable the insulation of the power supply from dirt, grime, moisture, and certain chemicals. These can be used for sealing the power connections against the environmental impact, avoid accidental disconnection under load, and offer high-end durability. These devices offer standardized designs at power ratings including 60A, 100A, 125A, and 200A. The aforementioned aspects are expected to boost the use of pin and sleeve device during the forecast period.
Based on product type, the connector segment dominated the pin and sleeve device market. Barrel connectors, Molex connectors, IEC connectors, and JST connectors are a few connectors used in varied applications. Companies, such as, Leviton give a complete IEC 60309 system of connectors, plugs, inlets, and mechanical interlock devices for both new installations and retrofit to ensure better performance and safety in the critical power connections.
Based on end user, the industrial segment dominated the pin and sleeve device market. Growing use of smart plugs & sockets and dustproof sockets across the diversified industries is likely to promote the scope of pin and sleeve device in the US.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 14,784.0 Million |
| Market Size by 2027 | US$ 27,902.0 Million |
| Global CAGR (2020 - 2027) | 8.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | United State
|
| Market leaders and key company profiles |