Market Size for Electrical Plugs and Sockets for Under 1000 V in France - 2022
Plugs and Socket Consumption in France - 2022
In 2022, consumption of electrical plugs and sockets for under 1000 v in France declined modestly to 770M units, remaining stable against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2017 to 2022: its volume increased at an average annual rate of +11.5% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.0% against 2017 indices. As a result, consumption attained the peak volume of 772M units, leveling off in the following year.
The revenue of the plugs and socket market in France skyrocketed to $502M in 2022, rising by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.7% over the period from 2017 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plugs and socket consumption peaked in 2022 and is likely to see gradual growth in the immediate term.
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