Industrial Plugs And Sockets Global Market Report 2021: COVID-19 Impact And Recovery The Business Research Company’s Industrial Plugs And Sockets Global Market Report 2021: COVID-19 Impact And Recovery LONDON, GREATER LONDON, UK, February 24, 2021 /EINPresswire.com/ -- New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports Read More On The Global Industrial Plugs And Sockets Market Report: https://www.thebusinessresearchcompany.com/report/industrial-plugs-and-sockets-global-market-report The increasing demand for smart grid networks is expected to propel the growth of the electric plugs and sockets market in the coming years. A smart grid is new electricity production, distribution and transmission infrastructure capable of automating and handling the rising complexity and demands of electricity in the 21st century. With an increasing tendency towards green energy, the substitution of the grid with the smart grid has gained prominence and is expected to increase the market for industrial plugs and sockets. A smart grid can help minimize greenhouse gas emissions by up to 211 million metric tons and is far more stable than a conventional grid, the demand for smart grid technology reached $400 billion in 2020. The number of smart grid innovation firms worldwide is expected to be about 150, of which 77.4% are located in the United States. Therefore, the increasing demand for smart grid networks drives the growth of the industrial plugs and sockets market during the forecast period.