Market Overview:
The global pre-wired system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and smart buildings, rising awareness about safety and security, and growing investments in renewable energy sources. The global pre-wired system market can be segmented on the basis of type into AC-coupled, battery backup, off-grid, and others. The AC-coupled segment is expected to hold the largest share of the market during the forecast period owing to its high efficiency and low installation cost as compared to other types of systems. On the basis of application, the global pre-wired system market can be divided into residential, commercial, industrial, and others segments. The commercial segment is projected to grow at a higher CAGR than other segments during 2018–2030 owing to an increase in construction activities across developed economies such as North America and Europe.
Product Definition:
A pre-wired system is a type of security system that is installed in a building before the occupants move in. The wiring for the security system is already in place, which makes installation quick and easy.
2) Increased security - since the wiring is already in place, there's no chance that someone can cut the wires.
3) Added convenience - many pre-wired systems include features like keypads.
4) Peace of mind - knowing that your home or business is protected by a pre-wired security system gives you added peace of mind.
AC-coupled:
AC-coupled is an electronic device used in Pre-wired System. It helps to convert the Alternating Current (AC) into the Direct Current (DC). AC coupled devices are widely used in power supplies, transformers, and other electrical equipment. The growth factor of this market is due to growing demand for electronic devices across various industry verticals such as automotive & transportation, consumer electronics & appliances among others.
Battery Backup:
Battery backup is a power supply to start the equipment when there is no electricity. It can be of two types: portable and non-portable. The main function of portable battery backup is to provide enough energy for starting the engine when the main power source, i.e., electrical grid goes down; whereas, in non-portable system, it provides extra energy storage so that devices such as security systems can continue working during an electric outage.
Application Insights:
The commercial application segment dominated the global pre-wired system market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to an increase in demand from end-use industries such as healthcare, hospitality and retail among others. Furthermore, technological advancements have also paved way for easy installation of these systems at a lower cost which is further driving their demand across commercial applications globally.
The residential application segment is expected to witness significant growth over the forecast period owing to increasing number of power outages and voltage fluctuations across various regions globally that has led people towards installing backup power sources such as solar panels and wind turbines coupled with growing concerns regarding carbon emission reduction initiatives among other countries¢â‚¬â„¢ citizens are encouraging people around the world to invest in renewable energy generation projects which will eventually drive pre-wired system sales worldwide by 2030.
Regional Analysis:
Asia Pacific dominated the global pre-wired system market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand for solar energy coupled with growing industrialization and rapid urbanization in emerging economies such as China and India. In addition, rising disposable income levels are anticipated to drive demand for consumer electronics products such as refrigerators, air conditioning units, washing machines among others. This will propel industry growth over the coming years.
Europe accounted for a significant share of revenue in 2017 owing to high penetration of renewable energy technologies across countries such as Germany and Italy among others that have adopted them favorably thereby boosting industry growth over the forecast period. North America is also expected to witness steady growth due to presence of key manufacturers coupled with high adoption rate of pre-wired systems by residential consumers especially U.
Growth Factors:
- Increasing demand for automation in various industries
- Growing investments in industrial infrastructure
- Rising trend of smart factories and Industry 4.0
- Proliferation of Internet of Things (IoT) and connected devices
- Emergence of new applications for pre-wired systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Pre-wired System Market Research Report
By Type
AC-coupled, Battery Backup, Off-grid, Others
By Application
Residential, Commercial, Industrial
By Companies
Schneider Electric, Rainbow Power Company Ltd, Outback Power Inc., Hubbell, MidNite Solar Inc., Alternative Energy Store Inc., Rockwell Automation, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Pre-wired System Market Report Segments:
The global Pre-wired System market is segmented on the basis of:
Types
AC-coupled, Battery Backup, Off-grid, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- Rainbow Power Company Ltd
- Outback Power Inc.
- Hubbell
- MidNite Solar Inc.
- Alternative Energy Store Inc.
- Rockwell Automation
- ABB
Highlights of The Pre-wired System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC-coupled
- Battery Backup
- Off-grid
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pre-wired System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A pre-wired system is a wiring system that has been installed in a building before the electrical, plumbing and mechanical systems are in place.
Some of the major players in the pre-wired system market are Schneider Electric, Rainbow Power Company Ltd, Outback Power Inc., Hubbell, MidNite Solar Inc., Alternative Energy Store Inc., Rockwell Automation, ABB.
The pre-wired system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pre-wired System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Pre-wired System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pre-wired System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Pre-wired System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Pre-wired System Market Size & Forecast, 2020-2028 4.5.1 Pre-wired System Market Size and Y-o-Y Growth 4.5.2 Pre-wired System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AC-coupled
5.2.2 Battery Backup
5.2.3 Off-grid
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pre-wired System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pre-wired System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AC-coupled
9.6.2 Battery Backup
9.6.3 Off-grid
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AC-coupled
10.6.2 Battery Backup
10.6.3 Off-grid
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AC-coupled
11.6.2 Battery Backup
11.6.3 Off-grid
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AC-coupled
12.6.2 Battery Backup
12.6.3 Off-grid
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AC-coupled
13.6.2 Battery Backup
13.6.3 Off-grid
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pre-wired System Market: Competitive Dashboard
14.2 Global Pre-wired System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 Rainbow Power Company Ltd
14.3.3 Outback Power Inc.
14.3.4 Hubbell
14.3.5 MidNite Solar Inc.
14.3.6 Alternative Energy Store Inc.
14.3.7 Rockwell Automation
14.3.8 ABB