Market Overview:
The global residential wiring accessories market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart homes and the growing construction industry. In terms of type, the switch segment is expected to lead the market during the forecast period, followed by sockets and plugs, circuit breaker, dimmers, and others segments. In terms of application, living room is expected to lead the market during the forecast period followed by kitchen bedroom bathroom segments respectively.
Product Definition:
Residential wiring accessories are the devices that are used to connect electrical equipment to a power source. They include plugs, sockets, and cords. The importance of residential wiring accessories is that they provide a safe and reliable way to connect electrical equipment to a power source.
Switch:
The global switch, it's usage and growth factor in the residential wiring accessories market size was valued at USD 4.5 billion in 2016.
Sockets and Plugs:
Sockets and plugs are three-way electrical connectors used in residential wiring. They have applications in light fixtures, appliances, telephones, computers and other electronic devices.
Application Insights:
The living room application segment led the market and accounted for more than 40.0% share of the global revenue in 2017. The growing trend of home dĩcor influenced by western culture has resulted in an increased demand for various residential wiring accessories including sockets, switches, and plugs that can be used to connect different electronic devices such as television sets, air conditioners, microwaves etc. Additionally, a rise in entertainment systems sales is expected to fuel product demand over the forecast period.
The kitchen application segment is anticipated to register a significant CAGR of XX% from 2018 to 2030 owing to increasing product penetration due largelyto rising consumer awareness regarding energy efficiency along with aesthetic appeal and convenience features offered by these products such as dimmers switch plates etc.
Regional Analysis:
North America dominated the global residential wiring accessories market in 2017. The growth is majorly driven by the presence of high-tech manufacturing facilities and large consumer base for electrical products. Moreover, increasing penetration of smart devices has led to an increase in demand for smart homes, which will further drive regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to rapid urbanization and growing population especially in China and India. Growing construction activities due to rising disposable income are expected to drive product demand across various applications such as kitchen, bathroom, bedroom etc., thereby driving regional market growth over the forecast period.
Europe was valued at USD X billion in 2017 owing to growing adoption across countries such as Germany and U.K.
Growth Factors:
- Increasing demand for smart homes and home automation: The increasing demand for smart homes and home automation is one of the key growth drivers for the residential wiring accessories market. Smart homes are equipped with advanced features such as voice-activated controls, motion sensors, and app-based interfaces that allow users to manage various tasks such as lighting, temperature control, security, and entertainment with ease. Home automation systems make use of various wired or wireless technologies to enable homeowners to remotely control various devices in their homes. This is driving the demand for residential wiring accessories such as switches, sockets, light fixtures, thermostats etc., which are essential components of a smart home system.
- Rising consumer awareness about energy efficiency: Consumers are becoming increasingly aware about the importance of energy efficiency and its impact on both their monthly electricity bills and the environment. They are looking for ways to reduce their energy consumption by making changes in their lifestyle choices as well as through investments in energy efficient appliances and devices. The growing popularity of green buildings has also led to an increase in demand for residential wiring accessories that help conserve energy such as LED light bulbs and occupancy sensors/motion detectors etc..
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Wiring Accessories Market Research Report
By Type
Switch, Sockets and Plugs, Circuit Breaker, Dimmers, Others
By Application
Living Room, Kitchen, Bedroom, Bathroom
By Companies
ABB, Legrand, Eaton, Schneider, Hubbell, Siemens, Honeywell, Panasonic, Leviton, Lutron, Simon
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Residential Wiring Accessories Market Report Segments:
The global Residential Wiring Accessories market is segmented on the basis of:
Types
Switch, Sockets and Plugs, Circuit Breaker, Dimmers, 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
Living Room, Kitchen, Bedroom, Bathroom
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:
- ABB
- Legrand
- Eaton
- Schneider
- Hubbell
- Siemens
- Honeywell
- Panasonic
- Leviton
- Lutron
- Simon
Highlights of The Residential Wiring Accessories 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:
- Switch
- Sockets and Plugs
- Circuit Breaker
- Dimmers
- Others
- By Application:
- Living Room
- Kitchen
- Bedroom
- Bathroom
- 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 Residential Wiring Accessories 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Residential wiring accessories are devices or materials that are used to improve the electrical performance of a home. This can include things like surge protectors, lightning rods, and insulation.
Some of the major companies in the residential wiring accessories market are ABB, Legrand, Eaton, Schneider, Hubbell, Siemens, Honeywell, Panasonic, Leviton, Lutron, Simon.
The residential wiring accessories market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Wiring Accessories 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 Residential Wiring Accessories Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Wiring Accessories 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 Residential Wiring Accessories 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 Residential Wiring Accessories Market Size & Forecast, 2020-2028
4.5.1 Residential Wiring Accessories Market Size and Y-o-Y Growth
4.5.2 Residential Wiring Accessories 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 Switch
5.2.2 Sockets and Plugs
5.2.3 Circuit Breaker
5.2.4 Dimmers
5.2.5 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 Living Room
6.2.2 Kitchen
6.2.3 Bedroom
6.2.4 Bathroom
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Wiring Accessories 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 Residential Wiring Accessories 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 Switch
9.6.2 Sockets and Plugs
9.6.3 Circuit Breaker
9.6.4 Dimmers
9.6.5 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 Living Room
9.10.2 Kitchen
9.10.3 Bedroom
9.10.4 Bathroom
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 Switch
10.6.2 Sockets and Plugs
10.6.3 Circuit Breaker
10.6.4 Dimmers
10.6.5 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 Living Room
10.10.2 Kitchen
10.10.3 Bedroom
10.10.4 Bathroom
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 Switch
11.6.2 Sockets and Plugs
11.6.3 Circuit Breaker
11.6.4 Dimmers
11.6.5 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 Living Room
11.10.2 Kitchen
11.10.3 Bedroom
11.10.4 Bathroom
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 Switch
12.6.2 Sockets and Plugs
12.6.3 Circuit Breaker
12.6.4 Dimmers
12.6.5 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 Living Room
12.10.2 Kitchen
12.10.3 Bedroom
12.10.4 Bathroom
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 Switch
13.6.2 Sockets and Plugs
13.6.3 Circuit Breaker
13.6.4 Dimmers
13.6.5 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 Living Room
13.10.2 Kitchen
13.10.3 Bedroom
13.10.4 Bathroom
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 Residential Wiring Accessories Market: Competitive Dashboard
14.2 Global Residential Wiring Accessories Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Legrand
14.3.3 Eaton
14.3.4 Schneider
14.3.5 Hubbell
14.3.6 Siemens
14.3.7 Honeywell
14.3.8 Panasonic
14.3.9 Leviton
14.3.10 Lutron
14.3.11 Simon
