Current-Carrying Wiring Devices
Global Current-Carrying Wiring Devices Market to Reach $51.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Current-Carrying Wiring Devices estimated at US$39.7 Billion in the year 2020, is projected to reach a revised size of US$51.7 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Electric Switches, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$19.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wire Connectors segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.7 Billion, While China is Forecast to Grow at 7% CAGR
The Current-Carrying Wiring Devices market in the U.S. is estimated at US$10.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.
Receptacles Segment to Record 4.4% CAGR
In the global Receptacles segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.3 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 281-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- ABB
- Anchor Electricals Pvt. Ltd.
- Eaton Corporation PLC
- Honeywell International, Inc.
- Hubbell, Inc.
- Legrand
- Leviton Manufacturing Co., Inc.
- Orel Corp.
- OSRAM GmbH
- Schneider Electric
- Simon S.A.
- SMK Corp.
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- I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
- II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Wiring Devices Market - A Precursor
- Recent Market Activity
- Current-carrying Wiring Devices - A Prelude
- Developing Nations to Turbo Charge Market Growth
- Electrical Switch Market Exhibiting Electrifying Performance
- Improving Economy Buoys General Market Optimism
- Assessing the Impact of Recent Past Economic Upheavals on Global Current-Carrying Wiring Devices Market
- Competitive Landscape
- Hubbell, Eaton, ABB, Schneider and Legrand: Active Participants in the Global Market
- Leading Vendors Sense Brewing Competition from Asian Manufacturers
- Global Competitor Market Shares
- Current-Carrying Wiring Devices Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
- Impact of Covid-19 and a Looming Global Recession
- 2. FOCUS ON SELECT PLAYERS
- ABB (Switzerland)
- Anchor Electricals Pvt. Ltd. (India)
- Eaton Corporation PLC (Ireland)
- Honeywell International, Inc. (USA)
- Hubbell, Inc. (USA)
- Legrand (France)
- Leviton Manufacturing Co., Inc. (USA)
- Orel Corporation (Sri Lanka)
- OSRAM GmbH (Germany)
- Schneider Electric (France)
- Simon S.A. (Spain)
- SMK Corporation (Japan)
- 3. MARKET TRENDS & DRIVERS
- Consumer Demand for Safe and Innovative Circuitry Unfurl New Product Innovations
- Electrical Switches Move Beyond Functionality
- Anti-Microbial Switches - An Emerging Segment
- High Energy Costs and Regulations Drive Demand for Receptacle control and Energy Efficiency Products
- Focus on Energy Conservation Drives Demand for Dimmer Switches
- Smart Homes Up the Demand for Smart Switches
- Smart Wi-Fi Switches and Plugs for Smarter Home Lighting
- Smart Lighting Controls Drive Innovations in Sensor Switches
- Select Innovative Smart Light Switches and Smart Plugs
- Tamper-Resistant Receptacles Gain Traction
- USB Receptacles Sense Potential Opportunities
- Weather-Resistant Receptacles Make Progress
- Innovations in the Lamp Holders Segment
- Manufacturers Embrace Internet Medium
- Challenges
- Prevalence of Unorganized Players
- Counterfeit Products
- Government Regulations
- Rising Electricity Demands, New Construction & Renovation Represent Fundamental Growth Drivers
- Rapid Pace of Urbanization & Improving Construction Investments Accelerate Revenue Growth
- Rising Commercial Real Estate Investments Extend New Opportunities
- Proliferation of Consumer Electronic Devices to Drive Demand
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: Current-Carrying Wiring Devices Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
- TABLE 2: Current-Carrying Wiring Devices Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
- TABLE 3: Current-Carrying Wiring Devices Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
- TABLE 4: Electric Switches (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027
- TABLE 5: Electric Switches (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
- TABLE 6: Electric Switches (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
- TABLE 7: Wire Connectors (Product Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
- TABLE 8: Wire Connectors (Product Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
- TABLE 9: Wire Connectors (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
- TABLE 10: Receptacles (Product Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
- TABLE 11: Receptacles (Product Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
- TABLE 12: Receptacles (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
- TABLE 13: Other Product Segments (Product Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
- TABLE 14: Other Product Segments (Product Segment) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
- TABLE 15: Other Product Segments (Product Segment) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
- III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Current-Carrying Wiring Devices Market Share (in %) by Company: 2018 & 2025
- Market Analytics
- TABLE 16: United States Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
- TABLE 17: Current-Carrying Wiring Devices Market in the United States by Product Segment: A Historic Review in US$ Million for 2012-2019
- TABLE 18: United States Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- CANADA
- TABLE 19: Canadian Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
- TABLE 20: Canadian Current-Carrying Wiring Devices Historic Market Review by Product Segment in US$ Million: 2012-2019
- TABLE 21: Current-Carrying Wiring Devices Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
- JAPAN
- TABLE 22: Japanese Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
- TABLE 23: Current-Carrying Wiring Devices Market in Japan: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
- TABLE 24: Japanese Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
- CHINA
- TABLE 25: Chinese Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
- TABLE 26: Current-Carrying Wiring Devices Historic Market Analysis in China in US$ Million by Product Segment: 2012-2019
- TABLE 27: Chinese Current-Carrying Wiring Devices Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
- EUROPE
- Market Facts & Figures
- European Current-Carrying Wiring Devices Market: Competitor Market Share Scenario (in %) for 2018 & 2025
- Market Analytics
- TABLE 28: European Current-Carrying Wiring Devices Market Demand Scenario in US$ Million by Region/Country: 2020-2027
- TABLE 29: Current-Carrying Wiring Devices Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
- TABLE 30: European Current-Carrying Wiring Devices Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
- TABLE 31: European Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
- TABLE 32: Current-Carrying Wiring Devices Market in Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
- TABLE 33: European Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- FRANCE
- TABLE 34: Current-Carrying Wiring Devices Market in France by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
- TABLE 35: French Current-Carrying Wiring Devices Historic Market Scenario in US$ Million by Product Segment: 2012-2019
- TABLE 36: French Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
- GERMANY
- TABLE 37: Current-Carrying Wiring Devices Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
- TABLE 38: German Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
- TABLE 39: German Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- ITALY
- TABLE 40: Italian Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
- TABLE 41: Current-Carrying Wiring Devices Historic Market Analysis in Italy in US$ Million by Product Segment: 2012-2019
- TABLE 42: Italian Current-Carrying Wiring Devices Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
- UNITED KINGDOM
- TABLE 43: United Kingdom Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
- TABLE 44: Current-Carrying Wiring Devices Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
- TABLE 45: United Kingdom Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
- SPAIN
- TABLE 46: Spanish Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
- TABLE 47: Spanish Current-Carrying Wiring Devices Historic Market Review by Product Segment in US$ Million: 2012-2019
- TABLE 48: Current-Carrying Wiring Devices Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
- RUSSIA
- TABLE 49: Russian Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
- TABLE 50: Current-Carrying Wiring Devices Market in Russia by Product Segment: A Historic Review in US$ Million for 2012-2019
- TABLE 51: Russian Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- REST OF EUROPE
- TABLE 52: Rest of Europe Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
- TABLE 53: Current-Carrying Wiring Devices Market in Rest of Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
- TABLE 54: Rest of Europe Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- ASIA-PACIFIC
- TABLE 55: Asia-Pacific Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
- TABLE 56: Current-Carrying Wiring Devices Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
- TABLE 57: Asia-Pacific Current-Carrying Wiring Devices Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
- TABLE 58: Current-Carrying Wiring Devices Market in Asia-Pacific by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
- TABLE 59: Asia-Pacific Current-Carrying Wiring Devices Historic Market Scenario in US$ Million by Product Segment: 2012-2019
- TABLE 60: Asia-Pacific Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
- AUSTRALIA
- TABLE 61: Current-Carrying Wiring Devices Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
- TABLE 62: Australian Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
- TABLE 63: Australian Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- INDIA
- TABLE 64: Indian Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
- TABLE 65: Indian Current-Carrying Wiring Devices Historic Market Review by Product Segment in US$ Million: 2012-2019
- TABLE 66: Current-Carrying Wiring Devices Market in India: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
- SOUTH KOREA
- TABLE 67: Current-Carrying Wiring Devices Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
- TABLE 68: South Korean Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
- TABLE 69: Current-Carrying Wiring Devices Market Share Distribution in South Korea by Product Segment: 2012 VS 2020 VS 2027
- REST OF ASIA-PACIFIC
- TABLE 70: Rest of Asia-Pacific Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
- TABLE 71: Current-Carrying Wiring Devices Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
- TABLE 72: Rest of Asia-Pacific Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
- LATIN AMERICA
- TABLE 73: Latin American Current-Carrying Wiring Devices Market Trends by Region/Country in US$ Million: 2020-2027
- TABLE 74: Current-Carrying Wiring Devices Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
- TABLE 75: Latin American Current-Carrying Wiring Devices Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
- TABLE 76: Latin American Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
- TABLE 77: Current-Carrying Wiring Devices Historic Market Analysis in Latin America in US$ Million by Product Segment: 2012-2019
- TABLE 78: Latin American Current-Carrying Wiring Devices Marketby Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
- ARGENTINA
- TABLE 79: Argentinean Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
- TABLE 80: Current-Carrying Wiring Devices Market in Argentina in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
- TABLE 81: Argentinean Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- BRAZIL
- TABLE 82: Current-Carrying Wiring Devices Market in Brazil by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
- TABLE 83: Brazilian Current-Carrying Wiring Devices Historic Market Scenario in US$ Million by Product Segment: 2012-2019
- TABLE 84: Brazilian Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
- MEXICO
- TABLE 85: Current-Carrying Wiring Devices Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
- TABLE 86: Mexican Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
- TABLE 87: Mexican Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- REST OF LATIN AMERICA
- TABLE 88: Rest of Latin America Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
- TABLE 89: Current-Carrying Wiring Devices Market in Rest of Latin America by Product Segment: A Historic Review in US$ Million for 2012-2019
- TABLE 90: Rest of Latin America Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- MIDDLE EAST
- TABLE 91: The Middle East Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
- TABLE 92: Current-Carrying Wiring Devices Market in the Middle East by Region/Country in US$ Million: 2012-2019
- TABLE 93: The Middle East Current-Carrying Wiring Devices Market Share Breakdown by Region/Country: 2012, 2020, and 2027
- TABLE 94: The Middle East Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
- TABLE 95: The Middle East Current-Carrying Wiring Devices Historic Marketby Product Segment in US$ Million: 2012-2019
- TABLE 96: Current-Carrying Wiring Devices Market in the Middle East: Percentage Share Breakdown of Salesby Product Segment for 2012,2020, and 2027
- IRAN
- TABLE 97: Iranian Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
- TABLE 98: Current-Carrying Wiring Devices Market in Iran: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
- TABLE 99: Iranian Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
- ISRAEL
- TABLE 100: Israeli Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
- TABLE 101: Current-Carrying Wiring Devices Market in Israel in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
- TABLE 102: Israeli Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- SAUDI ARABIA
- TABLE 103: Saudi Arabian Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
- TABLE 104: Current-Carrying Wiring Devices Historic Market Analysis in Saudi Arabia in US$ Million by Product Segment: 2012-2019
- TABLE 105: Saudi Arabian Current-Carrying Wiring Devices Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
- UNITED ARAB EMIRATES
- TABLE 106: Current-Carrying Wiring Devices Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
- TABLE 107: United Arab Emirates Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
- TABLE 108: Current-Carrying Wiring Devices Market Share Distribution in United Arab Emirates by Product Segment: 2012 VS 2020 VS 2027
- REST OF MIDDLE EAST
- TABLE 109: Current-Carrying Wiring Devices Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
- TABLE 110: Rest of Middle East Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
- TABLE 111: Rest of Middle East Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- AFRICA
- TABLE 112: African Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
- TABLE 113: Current-Carrying Wiring Devices Market in Africa by Product Segment: A Historic Review in US$ Million for 2012-2019
- TABLE 114: African Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
- IV. COMPETITION
- Total Companies Profiled: 137