Over the five years to 2017, the Wiring Device Manufacturing industry has been forced to contend with increased competition from abroad, falling product prices and declining prices of key input materials. The majority of the products produced by industry operators are low value-added parts that act as components of a greater electrical system. As a result, products tend to be highly commoditized, driving price competition within the industry. Over the five years to 2022, continued growth in downstream construction markets, supported by a return to growth in the nonresidential sector, is projected to improve product demand. In addition, industrial capacity utilization is forecast to maintain steady growth over the period.
This industry manufactures current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits. Examples of products include outlet and switch electrical wiring boxes, electrical insulators, transmission pole and line hardware, electrical metallic tubes, switches, conductor connectors, electric sockets, plugs and electric cords.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.