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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1424938
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1424938
Global Smart Wiring Devices Market Size study & Forecast, by Product (Smart Switches, Smart Dimmers, Smart Thermostat, Smart Outlets, Others), by Application (Residential, Commercial, Industrial) and Regional Analysis, 2023-2030
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Global Smart Wiring Devices Market is valued at approximately USD 8.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.9% during the forecast period 2023-2030. Smart wiring devices are electrical components that have integrated advanced technologies, enabling them to communicate, interact, and be remotely controlled or automated. These devices have features such as wireless connectivity, sensors, and smart functionality. Smart wiring devices are often part of a larger smart home or building automation system, allowing users to monitor and control their electrical infrastructure through smartphones, tablets, or voice commands. The Smart Wiring Devices Market is expanding because of factors such as rising adoption of smart homes, growing demand for smart cities and growth of the Internet of Things (IoT).
Smart wiring devices offer homeowners the convenience of controlling and monitoring their home environments remotely. The ability to adjust settings, schedule tasks, and receive real-time updates enhances comfort and convenience, contributing to the growing popularity of smart homes, resulting in market growth. According to Statista, the global number of smart homes in the year 2019 reached 191.4 million which increased to 307.82 million in the year 2022 and it is projected to reach 672.57 million by the year 2027. Thus, rising development and adoption of smart homes are driving the market growth. In addition, rising industrialization automation and rising integration of AI capabilities into smart wiring devices are creating new opportunities for market growth. However, the high installation cost of Smart Wiring Devices stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Smart Wiring Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing rising development of smart homes, rising technological advancement, rising government support for the industrial automation, and rising smart city initiatives in the region. Whereas, Asia Pacific is projected to grow at the fastest rate owing to factors such as rising construction of industrial buildings, rising urbanization, and development of smart homes in the region.
Major market player included in this report are:
- Schneider Electric
- Siemens AG
- Honeywell International Inc.
- Lutron Electronics Co., Inc,
- ABB Ltd.
- Johnson Controls International PLC
- Control4 Corporation
- Eaton Corporation
- Leviton Manufacturing Co., Inc.
- Hubbell Incorporated
Recent Developments in the Market:
- In September 2022, Lutron Electronics expanded its product range with the introduction of the Diva smart dimmer and the Claro smart switch. The Diva smart dimmer seamlessly integrates the signature design and user-friendly experience of the DIVA series with the Caseta portfolio, known as the industry's, most interconnected smart lighting control system.
- In September 2021, Schneider Electric, a frontrunner in energy management and automation digital transformation, officially introduced the Square Dtm X and XD Series connected wiring devices at the 2021 CEDIA Expo. Representing exceptional value in wiring devices, the X Series boasts a range of features, including user-friendly installation, a modernized design, and compatibility with smart home systems.
Global Smart Wiring Devices Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Smart Switches
- Smart Dimmers
- Smart Thermostat
- Smart Outlets
- Others
By Application:
- Residential
- Commercial
- Industrial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Smart Wiring Devices Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Smart Wiring Devices Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Smart Wiring Devices Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Smart Wiring Devices Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Smart Wiring Devices Market Dynamics
- 3.1. Smart Wiring Devices Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising adoption of smart homes
- 3.1.1.2. Growing demand for smart cities
- 3.1.1.3. Growth of the Internet of Things (IoT)
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Smart Wiring Devices
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising industrialization automation
- 3.1.3.2. Rising integration of AI capabilities
- 3.1.1. Market Drivers
Chapter 4. Global Smart Wiring Devices Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Wiring Devices Market, by Product
- 5.1. Market Snapshot
- 5.2. Global Smart Wiring Devices Market by Product, Performance - Potential Analysis
- 5.3. Global Smart Wiring Devices Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. Smart Wiring Devices Market, Sub Segment Analysis
- 5.4.1. Smart Switches
- 5.4.2. Smart Dimmers
- 5.4.3. Smart Thermostat
- 5.4.4. Smart Outlets
- 5.4.5. Others
Chapter 6. Global Smart Wiring Devices Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Smart Wiring Devices Market by Application, Performance - Potential Analysis
- 6.3. Global Smart Wiring Devices Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Smart Wiring Devices Market, Sub Segment Analysis
- 6.4.1. Residential
- 6.4.2. Commercial
- 6.4.3. Industrial
Chapter 7. Global Smart Wiring Devices Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Smart Wiring Devices Market, Regional Market Snapshot
- 7.4. North America Smart Wiring Devices Market
- 7.4.1. U.S. Smart Wiring Devices Market
- 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Smart Wiring Devices Market
- 7.4.1. U.S. Smart Wiring Devices Market
- 7.5. Europe Smart Wiring Devices Market Snapshot
- 7.5.1. U.K. Smart Wiring Devices Market
- 7.5.2. Germany Smart Wiring Devices Market
- 7.5.3. France Smart Wiring Devices Market
- 7.5.4. Spain Smart Wiring Devices Market
- 7.5.5. Italy Smart Wiring Devices Market
- 7.5.6. Rest of Europe Smart Wiring Devices Market
- 7.6. Asia-Pacific Smart Wiring Devices Market Snapshot
- 7.6.1. China Smart Wiring Devices Market
- 7.6.2. India Smart Wiring Devices Market
- 7.6.3. Japan Smart Wiring Devices Market
- 7.6.4. Australia Smart Wiring Devices Market
- 7.6.5. South Korea Smart Wiring Devices Market
- 7.6.6. Rest of Asia Pacific Smart Wiring Devices Market
- 7.7. Latin America Smart Wiring Devices Market Snapshot
- 7.7.1. Brazil Smart Wiring Devices Market
- 7.7.2. Mexico Smart Wiring Devices Market
- 7.8. Middle East & Africa Smart Wiring Devices Market
- 7.8.1. Saudi Arabia Smart Wiring Devices Market
- 7.8.2. South Africa Smart Wiring Devices Market
- 7.8.3. Rest of Middle East & Africa Smart Wiring Devices Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Schneider Electric
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Siemens AG
- 8.3.3. Honeywell International Inc.
- 8.3.4. Lutron Electronics Co., Inc,
- 8.3.5. ABB Ltd.
- 8.3.6. Johnson Controls International PLC
- 8.3.7. Control4 Corporation
- 8.3.8. Eaton Corporation
- 8.3.9. Leviton Manufacturing Co., Inc.
- 8.3.10. Hubbell Incorporated
- 8.3.1. Schneider Electric
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Smart Wiring Devices Market, report scope
- TABLE 2. Global Smart Wiring Devices Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Smart Wiring Devices Market estimates & forecasts by Product 2020-2030 (USD Billion)
- TABLE 4. Global Smart Wiring Devices Market estimates & forecasts by Application 2020-2030 (USD Billion)
- TABLE 5. Global Smart Wiring Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 6. Global Smart Wiring Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7. Global Smart Wiring Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Smart Wiring Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Smart Wiring Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Smart Wiring Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Smart Wiring Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Smart Wiring Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Smart Wiring Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14. Global Smart Wiring Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15. U.S. Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16. U.S. Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 17. U.S. Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 18. Canada Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 19. Canada Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 20. Canada Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 21. UK Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 22. UK Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 23. UK Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 24. Germany Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 25. Germany Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 26. Germany Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 27. France Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 28. France Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 29. France Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 30. Italy Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 31. Italy Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 32. Italy Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 33. Spain Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 34. Spain Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 35. Spain Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 36. RoE Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 37. RoE Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 38. RoE Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 39. China Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 40. China Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 41. China Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 42. India Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 43. India Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 44. India Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 45. Japan Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 46. Japan Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 47. Japan Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 48. South Korea Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 49. South Korea Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 50. South Korea Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 51. Australia Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 52. Australia Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 53. Australia Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 54. RoAPAC Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 55. RoAPAC Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 56. RoAPAC Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 57. Brazil Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 58. Brazil Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 59. Brazil Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 60. Mexico Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 61. Mexico Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 62. Mexico Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 63. RoLA Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 64. RoLA Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 65. RoLA Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 66. Saudi Arabia Smart Wiring Devices Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 67. South Africa Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 68. RoMEA Smart Wiring Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 69. List of secondary sources, used in the study of global Smart Wiring Devices Market
- TABLE 70. List of primary sources, used in the study of global Smart Wiring Devices Market
- TABLE 71. Years considered for the study
- TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
- FIG 1. Global Smart Wiring Devices Market, research methodology
- FIG 2. Global Smart Wiring Devices Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Smart Wiring Devices Market, key trends 2022
- FIG 5. Global Smart Wiring Devices Market, growth prospects 2023-2030
- FIG 6. Global Smart Wiring Devices Market, porters 5 force model
- FIG 7. Global Smart Wiring Devices Market, pest analysis
- FIG 8. Global Smart Wiring Devices Market, value chain analysis
- FIG 9. Global Smart Wiring Devices Market by segment, 2020 & 2030 (USD Billion)
- FIG 10. Global Smart Wiring Devices Market by segment, 2020 & 2030 (USD Billion)
- FIG 11. Global Smart Wiring Devices Market by segment, 2020 & 2030 (USD Billion)
- FIG 12. Global Smart Wiring Devices Market by segment, 2020 & 2030 (USD Billion)
- FIG 13. Global Smart Wiring Devices Market by segment, 2020 & 2030 (USD Billion)
- FIG 14. Global Smart Wiring Devices Market, regional snapshot 2020 & 2030
- FIG 15. North America Smart Wiring Devices Market 2020 & 2030 (USD Billion)
- FIG 16. Europe Smart Wiring Devices Market 2020 & 2030 (USD Billion)
- FIG 17. Asia pacific Smart Wiring Devices Market 2020 & 2030 (USD Billion)
- FIG 18. Latin America Smart Wiring Devices Market 2020 & 2030 (USD Billion)
- FIG 19. Middle East & Africa Smart Wiring Devices Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
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