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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, 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

February 2024 | 492 pages | ID: W121419FF217EN
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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, 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 t%li%exhibit a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 35.2 billion and is projected t%li%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 t%li%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 t%li%meet specific voltage and functional requirements. These components are important t%li%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 t%li%achieve USD 61.5 billion during the forecast period, owing t%li%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 t%li%rising construction activities in emerging economies, there will be a constant need for safe and effective wiring devices t%li%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 t%li%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 t%li%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 t%li%witness the fastest growth as well as t%li%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 t%li%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 int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
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 2024A-2034F

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) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Receptacles
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Plugs & Sockets
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Connectors
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Others
      11.3.1.5.1. By Value (USD Million) 2024-2034F
      11.3.1.5.2.Market Share (%) 2024-2034F
      11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Technology
    11.3.2.1.Traditional Wiring Device
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Smart Wiring Device
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Energy Efficiency Device
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Others
      11.3.2.4.1.By Value (USD Million) 2024-2034F
      11.3.2.4.2. Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Application
    11.3.3.1.Residential
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Commercial
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Industrial
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By Sales Channel
    11.3.4.1.Direct Sales
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Distributors and Retailers
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. OEMs
      11.3.4.3.1.By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA WIRING DEVICE MARKET SIZE & FORECAST 2024A-2034F

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 2024A-2034F

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 2024A-2034F

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 2024A-2034F

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 2024A-2034F

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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