Global Child Safety Socket Market Growth 2024-2030

Global Child Safety Socket Market Growth 2024-2030

Child safety socket is a socket to prevent electric shock for underage children, which is specially designed to protect the safety of children's electricity. The working principle of this product is to ensure that each jack is de-energized before being inserted into the electrical plug under the power-on state. It can intelligently identify whether the insert is an electrical plug. The jack will only be inserted when the L and N poles are inserted at the same time. Power is applied, so inserting either pole alone will not cause electric shock.

The global Child Safety Socket market size is projected to grow from US$ 280.7 million in 2023 to US$ 383.4 million in 2030; it is expected to grow at a CAGR of 4.6% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Child Safety Socket Industry Forecast” looks at past sales and reviews total world Child Safety Socket sales in 2023, providing a comprehensive analysis by region and market sector of projected Child Safety Socket sales for 2024 through 2030. With Child Safety Socket sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Child Safety Socket industry.

This Insight Report provides a comprehensive analysis of the global Child Safety Socket landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Child Safety Socket portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Child Safety Socket market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Child Safety Socket and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Child Safety Socket.

According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Child Safety Socket market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Single Plug Socket
Double Plug Socket
Others

Segmentation by application
Home Use
Commercial Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Legrand
Schneider Electric
Siemens
Honeywell
Bull
Leviton
Chint Group
Panasonic
Philips
Feidiao
Simon
ABB

Key Questions Addressed in this Report

What is the 10-year outlook for the global Child Safety Socket market?

What factors are driving Child Safety Socket market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Child Safety Socket market opportunities vary by end market size?

How does Child Safety Socket break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.