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Wiring Device Market Size, Share, and Analysis, By Type (Switches, Receptacles, Plugs & Socket, Connectors, and Others), By Technology (Traditional Wiring Device, Smart Wiring Device, Energy Efficient Devices, and Others), By Application (Residential, Com

Publisher Fatpos Global
Published Jan 01, 2024
Length 492 Pages
SKU # FAGL18641282

Description

Wiring Device Market Size, Share, and Analysis, By Type (Switches, Receptacles, Plugs & Socket, Connectors, and Others), By Technology (Traditional Wiring Device, Smart Wiring Device, Energy Efficient Devices, and Others), By Application (Residential, Commercial, Industrial), By Sales Channel (Direct Sales, Distributors or Retailers, and OEMs) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034


Wiring Device Market Size, Share, and Analysis, By Type (Switches, Receptacles, Plugs & Socket, Connectors, and Others), By Technology (Traditional Wiring Device, Smart Wiring Device, Energy Efficient Devices, and Others), By Application (Residential, Commercial, Industrial), By Sales Channel (Direct Sales, Distributors or Retailers, and OEMs) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Wiring Device Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 35.2 billion and is projected to reach USD 61.5 billion by the completion of 2034.

Wiring devices consist of a variety of electrical components necessary for connecting electrical systems and devices to power sources. These devices offer safe transmission and distribution of electricity in residential, commercial, and industrial settings. They include multiple elements such as switches, outlets, plugs, sockets, connectors, and various accessories that are used for distribution of power. Furthermore, connectors provide secure connections between wires and are available in numerous shapes, sizes, materials, and configurations, which are designed to meet specific voltage and functional requirements. These components are important to establish a connection between devices and power sources, which ensures smooth functionality of electrical appliances. Therefore, wiring devices provide a fundamental framework for electrical system, ensuring safe and effective operation for electronic devices and systems.

MARKET HIGHLIGHTS

Wiring Device Market is projected to achieve USD 61.5 billion during the forecast period, owing to technological innovations and the need for sustainable solutions. The requirement for secure and visually appealing electrical system is increasing, which is generating substantial demand for wiring devices. Furthermore, due to rising construction activities in emerging economies, there will be a constant need for safe and effective wiring devices to provide smooth distribution of electricity in developing countries. Moreover, major industry players are making significant investments in the wiring device market in intelligent solutions that integrate IoT capabilities with energy-efficient designs. Therefore, technological developments, along with collaborations between manufacturers and technology firms will enhance the functionality of wiring devices, ensuring constant growth of the market.

Wiring Device Market Segments:
  • By Type
  • Switches
  • Receptacles
  • Plugs & Socket
  • Connectors
  • Others
  • By Technology
  • Traditional Wiring Device
  • Smart Wiring Device
  • Energy Efficient Devices
  • Others
  • By Application
  • Residential
  • Commercial
  • Industrial
  • By Sales Channel
  • Direct Sales
  • Distributors or Retailers
  • OEMs
MARKET DYNAMICS

Growth Drivers

Innovations in Technology to Provide Smart Solutions Will Drive Market Expansion

Growing Construction Activities and Urbanization Will Present Growth Prospects

Restraint

Complying With Changing Regulations Could Prevent the Market from Expanding

Key Players
  • Schneider Electric
  • Legrand
  • Eaton Corporation
  • Leviton Manufacturing Co. Inc.
  • Siemens AG
  • Fujikura Ltd.
  • Gewiss S.p.A.
  • Panasonic Corporation
  • Lutron Electronics Co. Inc.
  • MK Electric
  • Hubbell Incorporated
  • Prysmian Group
  • Hager Group
  • ABB Ltd.
  • Nexans S.A.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*

Table of Contents

492 Pages
1 Executive Summary
1.1. Regional Market Share
1.2 Business Trends
1.3. Wiring Device Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1 Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4 Primary Research
2.5 Secondary Research
2.5.1 Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1 Market Definition
3.2 Wiring Device Market: COVID-19 Impact
3.3. Key Segmentations
3.4 Key Developments
3.5 Allied Industry Data
4 Wiring Device Market – Industry Insights
4.1. Industry Segmentation
4.2 COVID-19 overview on world economy
4.3 Industry ecosystem Channel analysis
4.4 Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1 Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4 Market Restraints
7.5. Market Trends
8 Risk Analysis
9. Market Analysis
9.1 Porters Five Forces
9.2. PEST Analysis
9.2.1 Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 Wiring Device Market
10.1 Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Wiring Device Market Size & Forecast 2024 A-2034 F
11.1. Overview
11.2 Key Findings
11.3 Market Segmentation
11.3.1 By Type
11.3.1.1. Switches
11.3.1.1.1 By Value (USD Million) 2024-2034 F
11.3.1.1.2. Market Share (%) 2024-2034 F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034 F
11.3.1.2 Receptacles
11.3.1.2.1. By Value (USD Million) 2024-2034 F
11.3.1.2.2 Market Share (%) 2024-2034 F
11.3.1.2.3 Y-o-Y Growth (%) 2024-2034 F
11.3.1.3 Plugs & Sockets
11.3.1.3.1. By Value (USD Million) 2024-2034 F
11.3.1.3.2 Market Share (%) 2024-2034 F
11.3.1.3.3 Y-o-Y Growth (%) 2024-2034 F
11.3.1.4 Connectors
11.3.1.4.1. By Value (USD Million) 2024-2034 F
11.3.1.4.2 Market Share (%) 2024-2034 F
11.3.1.4.3 Y-o-Y Growth (%) 2024-2034 F
11.3.1.5 Others
11.3.1.5.1. By Value (USD Million) 2024-2034 F
11.3.1.5.2 Market Share (%) 2024-2034 F
11.3.1.5.3 Y-o-Y Growth (%) 2024-2034 F
11.3.2. By Technology
11.3.2.1 Traditional Wiring Device
11.3.2.1.1. By Value (USD Million) 2024-2034 F
11.3.2.1.2 Market Share (%) 2024-2034 F
11.3.2.1.3 Y-o-Y Growth (%) 2024-2034 F
11.3.2.2. Smart Wiring Device
11.3.2.2.1 By Value (USD Million) 2024-2034 F
11.3.2.2.2. Market Share (%) 2024-2034 F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.2.3. Energy Efficiency Device
11.3.2.3.1 By Value (USD Million) 2024-2034 F
11.3.2.3.2. Market Share (%) 2024-2034 F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.2.4. Others
11.3.2.4.1 By Value (USD Million) 2024-2034 F
11.3.2.4.2. Market Share (%) 2024-2034 F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3 By Application
11.3.3.1 Residential
11.3.3.1.1. By Value (USD Million) 2024-2034 F
11.3.3.1.2 Market Share (%) 2024-2034 F
11.3.3.1.3 Y-o-Y Growth (%) 2024-2034 F
11.3.3.2. Commercial
11.3.3.2.1 By Value (USD Million) 2024-2034 F
11.3.3.2.2. Market Share (%) 2024-2034 F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3.3. Industrial
11.3.3.3.1 By Value (USD Million) 2024-2034 F
11.3.3.3.2. Market Share (%) 2024-2034 F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4 By Sales Channel
11.3.4.1 Direct Sales
11.3.4.1.1. By Value (USD Million) 2024-2034 F
11.3.4.1.2 Market Share (%) 2024-2034 F
11.3.4.1.3 Y-o-Y Growth (%) 2024-2034 F
11.3.4.2. Distributors and Retailers
11.3.4.2.1 By Value (USD Million) 2024-2034 F
11.3.4.2.2. Market Share (%) 2024-2034 F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.3. OEMs
11.3.4.3.1 By Value (USD Million) 2024-2034 F
11.3.4.3.2. Market Share (%) 2024-2034 F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034 F
12 North America Wiring Device Market Size & Forecast 2024 A-2034 F
12.1 Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1 By Type
12.3.2. By Technology
12.3.3. By Application
12.3.4. By Sales Channel
12.4. Country
12.4.1. United States
12.4.2. Canada
13 Europe Wiring Device Market Size & Forecast 2024 A-2034 F
13.1 Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1 By Type
13.3.2. By Technology
13.3.3. By Application
13.3.4. By Sales Channel
13.4 Country
13.4.1 Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 Asia-Pacific Wiring Device Market Size & Forecast 2024 A-2034 F
14.1. Overview
14.2. Key Findings
14.3 Market Segmentation
14.3.1 By Type
14.3.2. By Technology
14.3.3. By Application
14.3.4. By Sales Channel
14.4. Country
14.4.1 India
14.4.2. China
14.4.3. South Korea
14.4.4 Japan
14.4.5 Rest of APAC
15 Middle East and Africa Wiring Device Market Size & Forecast 2024 A-2034 F
15.1 Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1 By Type
15.3.2. By Technology
15.3.3. By Application
15.3.4. By Sales Channel
15.4 Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4 South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Wiring Device Market Size & Forecast 2024 A-2034 F
16.1 Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1 By Type
16.3.2. By Technology
16.3.3. By Application
16.3.4. By Sales Channel
16.4 Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1 Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Schneider Electric
18.1.1 Company Overview
18.1.2 Financial Overview
18.1.3 Key Product; Analysis
18.1.4 Company Assessment
18.1.4.1 Product Portfolio
18.1.4.2 Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Legrand
18.3. Eaton Corporation
18.4. Leviton Manufacturing Co. Inc.
18.5. Siemens AG
18.6. ABB Ltd.
18.7. Panasonic Corporation
18.8. Lutron Electronics Co. Inc.
18.9. Hubbell Incorporated
18.10. Prysmian Group
18.11 Hager Group
18.12. Fujikura Ltd.
18.13. MK Electric
18.14. Gewiss S.p.A.
18.15. Nexans S.A.
18.16. Other Prominent Players
19. Appendix
20 Consultant Recommendation

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