Wiring Devices Market Size and Share Analysis by Type, Product, Application - Global Industry Revenue Estimation and Demand Forecast to 2030

Description

Key Highlights

The wiring devices market generated a value of USD 55.9 billion in 2023, which will increase to USD 84.9 billion, advancing at over 6.0% CAGR, by 2030.

The increasing urbanization rate is a major driving factor for the industry expansion, by resulting in the building of offices, homes, and various other large-scale infrastructures.

The need for electrical products has surged, which has, sequentially, boosted wiring device sales.

In all kinds of commercial, industrial, and residential settings, these components are extensively essential for electricity supply, lighting, communications, and other purposes.

The rising acceptance of smart home technologies has further resulted in an increasing need for devices with improved wiring and those that allow automation, power efficiency, and connectivity in residential buildings.

The improving technology has boosted the requirement for more efficient as well as enhanced wiring devices.

Essentially, the increasing acceptance of digital technologies has boosted the need for Internet of Things (IoT) devices, which generates the demand for further wiring in industrial facilities, homes, and offices.

Governments around the world have introduced many initiatives so that the surging populace in cities has suitable accommodation.

With the increasing construction of residential units as well as various other facilities the need for wiring devices will also rise.

Key Insights

APAC accounted for a significant share of the industry in 2023, and it is likely to generate over USD 30 billion by the end of this decade. This is because of the increasing construction activities and the growing need for a continuous power supply.

The industry in APAC is also driven by the rising funding by the major companies to enhance their smart home automation solutions.

North America is advancing at a significant rate, due to the increased rate of urbanization and improving economic situations.

In North American nations, the wealthy lifestyle offers an opportunity for industry expansion by boosting the need for luxurious-looking electrical fixtures in offices and homes.

Current-carrying devices led the industry in 2023, with a 65% share, due to the expanding commercial and residential industries.

The incorporation of new technologies in homes and offices like building automation systems and smart electrical appliances, increases the requirement for better wiring devices to enable connectivity and support the increasing electrical load.

Electrical switches accounted for the largest share of the industry in 2023, of 30%, because of the rising acceptance of the Internet and the increased pace of urbanization.

Switches are a key part of electrical circuits because they control the function of various high- and low-voltage appliances, such as lighting, HVAC, fire alarms, laptops, TVs, and security systems.

Residential applications was a significant contributor to the industry in 2023, with approximately 55% share. This is mainly because of the rising importance of home security.

This is boosting the utilization of both smart and traditional, connected home security systems, which themselves comprise biometrics, cameras, sound recording, and tracker features.

The wiring devices industry is fairly competitive, with some key players accounting for a significant share of the industry.

Major players implement strategies such as developing advanced wiring devices armed with smart technologies, constant innovation in product development, greater durability, and power-saving features, to enhance their presence.

Product Code: 12841

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by product
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Type (2017-2030)
6.3. Market Revenue, by Type (2017-2030)
6.4. Market Volume, by Product (2017-2030)
6.5. Market Revenue, by Product (2017-2030)
6.6. Market Volume, by Application (2017-2030)
6.7. Market Revenue, by Application (2017-2030)
6.8. Market Volume, by Region (2017-2030)
6.9. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Type (2017-2030)
7.3. Market Revenue, by Type (2017-2030)
7.4. Market Volume, by Product (2017-2030)
7.5. Market Revenue, by Product (2017-2030)
7.6. Market Volume, by Application (2017-2030)
7.7. Market Revenue, by Application (2017-2030)
7.8. Market Volume, by Country (2017-2030)
7.9. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Type (2017-2030)
8.3. Market Revenue, by Type (2017-2030)
8.4. Market Volume, by Product (2017-2030)
8.5. Market Revenue, by Product (2017-2030)
8.6. Market Volume, by Application (2017-2030)
8.7. Market Revenue, by Application (2017-2030)
8.8. Market Volume, by Country (2017-2030)
8.9. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Type (2017-2030)
9.3. Market Revenue, by Type (2017-2030)
9.4. Market Volume, by Product (2017-2030)
9.5. Market Revenue, by Product (2017-2030)
9.6. Market Volume, by Application (2017-2030)
9.7. Market Revenue, by Application (2017-2030)
9.8. Market Volume, by Country (2017-2030)
9.9. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Type (2017-2030)
10.3. Market Revenue, by Type (2017-2030)
10.4. Market Volume, by Product (2017-2030)
10.5. Market Revenue, by Product (2017-2030)
10.6. Market Volume, by Application (2017-2030)
10.7. Market Revenue, by Application (2017-2030)
10.8. Market Volume, by Country (2017-2030)
10.9. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Type (2017-2030)
11.3. Market Revenue, by Type (2017-2030)
11.4. Market Volume, by Product (2017-2030)
11.5. Market Revenue, by Product (2017-2030)
11.6. Market Volume, by Application (2017-2030)
11.7. Market Revenue, by Application (2017-2030)
11.8. Market Volume, by Country (2017-2030)
11.9. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Type (2017-2030)
12.3. Market Revenue, by Type (2017-2030)
12.4. Market Volume, by Product (2017-2030)
12.5. Market Revenue, by Product (2017-2030)
12.6. Market Volume, by Application (2017-2030)
12.7. Market Revenue, by Application (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Type (2017-2030)
13.3. Market Revenue, by Type (2017-2030)
13.4. Market Volume, by Product (2017-2030)
13.5. Market Revenue, by Product (2017-2030)
13.6. Market Volume, by Application (2017-2030)
13.7. Market Revenue, by Application (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Type (2017-2030)
14.3. Market Revenue, by Type (2017-2030)
14.4. Market Volume, by Product (2017-2030)
14.5. Market Revenue, by Product (2017-2030)
14.6. Market Volume, by Application (2017-2030)
14.7. Market Revenue, by Application (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Type (2017-2030)
15.3. Market Revenue, by Type (2017-2030)
15.4. Market Volume, by Product (2017-2030)
15.5. Market Revenue, by Product (2017-2030)
15.6. Market Volume, by Application (2017-2030)
15.7. Market Revenue, by Application (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Type (2017-2030)
16.3. Market Revenue, by Type (2017-2030)
16.4. Market Volume, by Product (2017-2030)
16.5. Market Revenue, by Product (2017-2030)
16.6. Market Volume, by Application (2017-2030)
16.7. Market Revenue, by Application (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Type (2017-2030)
17.3. Market Revenue, by Type (2017-2030)
17.4. Market Volume, by Product (2017-2030)
17.5. Market Revenue, by Product (2017-2030)
17.6. Market Volume, by Application (2017-2030)
17.7. Market Revenue, by Application (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Type (2017-2030)
18.3. Market Revenue, by Type (2017-2030)
18.4. Market Volume, by Product (2017-2030)
18.5. Market Revenue, by Product (2017-2030)
18.6. Market Volume, by Application (2017-2030)
18.7. Market Revenue, by Application (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Type (2017-2030)
19.3. Market Revenue, by Type (2017-2030)
19.4. Market Volume, by Product (2017-2030)
19.5. Market Revenue, by Product (2017-2030)
19.6. Market Volume, by Application (2017-2030)
19.7. Market Revenue, by Application (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Type (2017-2030)
20.3. Market Revenue, by Type (2017-2030)
20.4. Market Volume, by Product (2017-2030)
20.5. Market Revenue, by Product (2017-2030)
20.6. Market Volume, by Application (2017-2030)
20.7. Market Revenue, by Application (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Type (2017-2030)
21.3. Market Revenue, by Type (2017-2030)
21.4. Market Volume, by Product (2017-2030)
21.5. Market Revenue, by Product (2017-2030)
21.6. Market Volume, by Application (2017-2030)
21.7. Market Revenue, by Application (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Type (2017-2030)
22.3. Market Revenue, by Type (2017-2030)
22.4. Market Volume, by Product (2017-2030)
22.5. Market Revenue, by Product (2017-2030)
22.6. Market Volume, by Application (2017-2030)
22.7. Market Revenue, by Application (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Type (2017-2030)
23.3. Market Revenue, by Type (2017-2030)
23.4. Market Volume, by Product (2017-2030)
23.5. Market Revenue, by Product (2017-2030)
23.6. Market Volume, by Application (2017-2030)
23.7. Market Revenue, by Application (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Type (2017-2030)
24.3. Market Revenue, by Type (2017-2030)
24.4. Market Volume, by Product (2017-2030)
24.5. Market Revenue, by Product (2017-2030)
24.6. Market Volume, by Application (2017-2030)
24.7. Market Revenue, by Application (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Type (2017-2030)
25.3. Market Revenue, by Type (2017-2030)
25.4. Market Volume, by Product (2017-2030)
25.5. Market Revenue, by Product (2017-2030)
25.6. Market Volume, by Application (2017-2030)
25.7. Market Revenue, by Application (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Type (2017-2030)
26.3. Market Revenue, by Type (2017-2030)
26.4. Market Volume, by Product (2017-2030)
26.5. Market Revenue, by Product (2017-2030)
26.6. Market Volume, by Application (2017-2030)
26.7. Market Revenue, by Application (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Type (2017-2030)
27.3. Market Revenue, by Type (2017-2030)
27.4. Market Volume, by Product (2017-2030)
27.5. Market Revenue, by Product (2017-2030)
27.6. Market Volume, by Application (2017-2030)
27.7. Market Revenue, by Application (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Type (2017-2030)
28.3. Market Revenue, by Type (2017-2030)
28.4. Market Volume, by Product (2017-2030)
28.5. Market Revenue, by Product (2017-2030)
28.6. Market Volume, by Application (2017-2030)
28.7. Market Revenue, by Application (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. ABB Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Hubbell Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Legrand S.A.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Leviton Manufacturing Co Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Orel Corporation
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Honeywell International Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Schneider Electric SE
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Panasonic Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Eaton Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. TE Connectivity Ltd.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports