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Global Pin and Sleeve Device Market Share 2025, Forecast To 2034

4 Mar, 2025

What Has Driven the Growth of the Pin and Sleeve Device Market in Recent Years?

The pin and sleeve device market has seen considerable growth due to a variety of factors.
•The market size for pin and sleeve devices has seen significant expansion in the past few years. It is projected to rise from $82.06 billion in 2024 to $88.7 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
This growth during the historical period may be attributed to factors like industrial expansion, stringent safety norms, surges in construction activities, upswing in power generation, emphasis on employee productivity, and the proliferation of data centers.

What is the Market Size Forecast for the Pin and Sleeve Device Market?

The pin and sleeve device market is expected to maintain its strong growth trajectory in upcoming years.
• The market for pin and sleeve devices is expected to see significant expansion in the coming years, projecting to reach $121.37 billion in 2029, with a compound annual growth rate (CAGR) of 8.2%.
This predicted growth during the forecasting period can be accredited to several factors such as the incorporation of renewable energy, emphasis on energy efficiency, the rise in industrial automation, changing safety standards, the electrification of transport, and telecommunication networks expansion. Crucial trends for the forecasting period consist of technological advancements in connector design, novel product innovations, increased demand for corrosion-resistant materials, the preference for customization and modularity, and the incorporation of intelligent technologies.

What Factors Are Driving Growth In The Pin and Sleeve Device Market?

The growth of the pin and sleeve device market is anticipated to be propelled by the broadening of data centers. Essentially, a data center is a centralized location where a business's shared IT structure and operations are consolidated for purposes of data storage and processing. Pin and sleeve devices are crucial in the design of data center hardware, particularly for applications with open standards, where the value of these components is easily recognized due to their ability to enhance power efficiency, reduce the cost per rack of data center servers, and decrease the cost per server. For example, Campfil Group, an American air filter organization, reported in January 2022 that the quantity of data centers in the US had reached 2,751 in 2022. In addition, there were 484 data centers located in Germany, 458 in the UK, 447 in China, and 324 in Canada. Hence, the burgeoning of data centers is fueling the expansion of the pin-and-sleeve device market.

What Are The Main Segments Of The Global Pin and Sleeve Device Market?

The pin and sleeve device market covered in this report is segmented –
1) By Product: Plug, Connector, Receptacle, Inlet, Other Products
2) By Material: Metallic, Non-Metallic
3) By End Use: Residential, Commercial, Industrial Subsegments:
1) By Plug: Watertight Plugs, Splashproof Plugs, Dusttight Plugs
2) By Connector: Watertight Connectors, Splashproof Connectors, Dusttight Connectors
3) By Receptacle: Watertight Receptacles, Splashproof Receptacles, Dusttight Receptacles
4) By Inlet: Watertight Inlets, Splashproof Inlets, Dusttight Inlets
5) By Other Products: Mechanical Interlocks, Adapters, Cable Glands

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What Emerging Trends Are Influencing The Growth Of The Pin and Sleeve Device Market?

Leading businesses in the pin-and-sleeve device market are innovating by introducing new items like pin-and-sleeve connectors equipped with auxiliary contacts, seeking to gain market advantages. Auxiliary contacts are supplementary sets of contact points used in electrical connectors or switches that provide extended functions beyond the primary switching. For instance, Hubbell Wiring Device-Kellems, an American electrical equipment manufacture, introduced their new Advantage Series Pin and Sleeve connectors in May 2022, which are fitted with auxiliary contacts specifically designed for control circuits. The connectors, rated for use as motor disconnects, offer superior safety features and compatibility with Variable Frequency Drives (VFDs) and other auxiliary gadgets. They possess environmental ratings of UL Type 4X, 12, and IP69K, making them ideal for diverse sectors including food and beverage, water treatment, dairy, manufacturing, agriculture, and fast-food. Available in 30A and 60A setups, the auxiliary contacts can carry 3A at either 120VAC or 24V DC, providing versatility in control signal distribution. Additionally, the connectors are designed with an oversized ground contact for enhanced safety and ease-of-use across various industrial environments.

Who Are the Key Players in the Pin and Sleeve Device Market?

Major companies operating in the pin and sleeve device market include:
• Schneider Electric SE
• ABB Ltd.
• Eaton Corporation
• Emerson Electric Co.
• Amphenol Corporation
• Legrand Group
• Molex LLC
• Phoenix Contact
• Hubbell Incorporated
• Lapp Group
• Leviton Manufacturing Co. Inc.
• Wieland Electric GmbH
• Gewiss S.p.A
• R Stahl AG
• Mennekes International
• Steute Technologies GmbH & Co. KG
• HUMMEL AG
• Cortem Group
• Woertz AG
• Marechal Electric Group
• CMP Products
• WALTHER-WERKE Ferdinand Walther GmbH
• Palazzoli S.p.A
• IDE Electric S.L.
• Bals Elektrotechnik GmbH & Co KG
• I.L.M.E. S.p.A.
• METZ CONNECT GmbH

What Is The Most Dominant Region In The Pin and Sleeve Device Market?

North America was the largest region in the pin and sleeve device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pin and sleeve device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.