Current-Carrying Wiring Devices

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

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