Market Overview:
The global wiring accessories market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wiring accessories in residential, commercial, and industrial applications. Additionally, the growing awareness about safety and security is also propelling the growth of this market. Based on type, the global wiring accessories market can be segmented into switch, sockets and plugs, circuit breaker, fuse box/fuse holder/fuse clip), and others (such as junction box). The switch segment is expected to account for a major share of the global wiring accessories market during the forecast period. This can be attributed to its growing demand in residential applications across different regions. Ontheotherhand,.
Product Definition:
Wiring accessories are devices that are used to connect or disconnect electrical circuits. They include switches, fuses, and circuit breakers.
Switch:
The global switch, it's usage and growth factor in wiring accessories market size was valued at USD 4.5 billion in 2016. It is expected to witness a CAGR of XX% from 2017 to 2025 due to increasing demand for smart switches with features such as Wi-Fi connectivity, voice recognition and touch screen display over the forecast period.
Smart home automation using electrical appliances has been gaining traction among residential customers over the past few years.
Sockets and Plugs:
Sockets and plugs are three-way electrical connectors used in power, telecommunication, and other applications. The sockets are the physical interfaces that allow you to connect wires or cables to electronic devices. The plugs receive the wired connections from sockets and then transmit the signals on desired frequencies.
Application Insights:
The commercial application segment led the global market and accounted for more than 60.0% share of the total revenue in 2017. The segment is likely to witness significant growth over the forecast period on account of increasing construction activities in various countries, including China, India, Brazil and South Africa. Growing infrastructural developments across key commercial centers are also expected to drive product demand over the coming years.
The residential application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising consumer disposable income levels coupled with growing urbanization trends globally will drive product demand over the coming years.
Other applications include industrial machinery.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and rising number of commercial buildings in the region. Moreover, growing population and rapid urbanization are likely to drive demand for electrical wiring accessories over the forecast period.
Europe accounted for over 25% share in 2017 owing to high product adoption rate especially in developed economies such as Germany, U.K., France, Italy among others which have well-established manufacturing sector coupled with high consumer awareness regarding energy conservation measures taken by governments across various countries has resulted in higher penetration of electric lighting thereby boosting industry growth over past few years.
Growth Factors:
- Increasing demand from the automotive industry for wiring accessories
- Growing demand for wiring accessories in the construction and infrastructure sector
- Rising popularity of smart homes and connected devices, which is driving the need for better wiring systems
- Rapid urbanization and industrialization in developing countries, which is leading to an increase in demand for wiring accessories products
- Technological advancements that are resulting in new and innovative products being launched in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Wiring Accessories Market Research Report
By Type
Switch, Sockets and Plugs, Circuit Breaker, Fuse, Others
By Application
Residential, Commercial, Industrial, Others
By Companies
Legrand, Schneider, Siemens, ABB, Panasonic, Honeywell, Leviton, Simon, Lutron, T&J, Feidiao Electrical, Vimar SpA, Hubbell, SOBEN, BULL
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Wiring Accessories Market Report Segments:
The global Wiring Accessories market is segmented on the basis of:
Types
Switch, Sockets and Plugs, Circuit Breaker, Fuse, 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, Others
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:
- Legrand
- Schneider
- Siemens
- ABB
- Panasonic
- Honeywell
- Leviton
- Simon
- Lutron
- T&J
- Feidiao Electrical
- Vimar SpA
- Hubbell
- SOBEN
- BULL
Highlights of The 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
- Fuse
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Others
- 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 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?
Wiring accessories are devices or components that are used to connect electrical wiring. They can include connectors, switches, and junction boxes.
Some of the major players in the wiring accessories market are Legrand, Schneider, Siemens, ABB, Panasonic, Honeywell, Leviton, Simon, Lutron, T&J, Feidiao Electrical, Vimar SpA, Hubbell, SOBEN, BULL.
The 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 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 Wiring Accessories Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 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 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 Wiring Accessories Market Size & Forecast, 2020-2028 4.5.1 Wiring Accessories Market Size and Y-o-Y Growth 4.5.2 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 Fuse
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 Residential
6.2.2 Commercial
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Fuse
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 Residential
9.10.2 Commercial
9.10.3 Industrial
9.10.4 Others
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 Fuse
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 Residential
10.10.2 Commercial
10.10.3 Industrial
10.10.4 Others
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 Fuse
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 Residential
11.10.2 Commercial
11.10.3 Industrial
11.10.4 Others
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 Fuse
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 Residential
12.10.2 Commercial
12.10.3 Industrial
12.10.4 Others
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 Fuse
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 Residential
13.10.2 Commercial
13.10.3 Industrial
13.10.4 Others
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 Wiring Accessories Market: Competitive Dashboard
14.2 Global Wiring Accessories Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Legrand
14.3.2 Schneider
14.3.3 Siemens
14.3.4 ABB
14.3.5 Panasonic
14.3.6 Honeywell
14.3.7 Leviton
14.3.8 Simon
14.3.9 Lutron
14.3.10 T&J
14.3.11 Feidiao Electrical
14.3.12 Vimar SpA
14.3.13 Hubbell
14.3.14 SOBEN
14.3.15 BULL