Market Overview:
The global wiring devices 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 devices in commercial and industrial applications. In addition, the growing demand for smart homes and green buildings is also contributing to the growth of the market. The global wiring devices market is segmented by type into receptacles, switches, wall plates, plugs, plug connectors, and others. The receptacles segment is expected to dominate the market during the forecast period owing to its widespread use in residential and commercial applications. The switches segment is projected to grow at a high CAGR during the forecast period owing to its increasing use in smart homes and industrial applications. The global wiring devices market is further divided by application into commercial, industrial, and residential segments.
Product Definition:
A wiring device is an electrical component used to connect devices and equipment. The most common type of wiring device is the connector, which attaches two or more wires together. Other types of wiring devices include switches, fuses, and circuit breakers.
Wiring devices are important because they allow us to connect electrical equipment and appliances. Without them, we would be unable to power our televisions, computers, or other electronics.
Receptacles:
Receptacles are used in wiring devices to complete the circuit and make it work. They can be classified as to whether they are fixed or portable. Fixed Receptacles: These are attached or mounted on a surface and used for distribution of electric current from one point to another. Portable Receptacles: These can be carried from one place to another by the user, but cannot be attached permanently at any particular location because of their lightweight nature.
Switches:
Switches are used in wiring devices to control the flow of electric current. They are available in different forms such as circuit breakers, fuses, and others. Fuses consist of a metal filament enclosed in a ceramic or plastic coating that gets melted when the current is high enough to cause damage; it prevents further damage by limiting the current and protecting the device from which it is supplying power.
Application Insights:
The commercial application segment dominated the global market in 2017. This can be attributed to the rising number of construction projects and investments in various countries, including China, India, Brazil and Mexico. For instance, according to a study conducted by real estate analytics firm Juwai.com in 2018, around 60% of foreign direct investment (FDI) goes into property development while 30% stays within the construction sector as employment generation through value-added services such as architectural designs and building materials procurement. Thus, a significant amount of wiring devices is required for commercial applications across offices or shops where different types of electrical equipment are installed or connected together like computers with monitors & keyboards along with other peripheral devices like scanners & printers which require high power supply units owing to their high demand requirements resulting in an increased demand for wiring devices over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing establishment of commercial and industrial facilities in India, China, Japan, South Korea, Singapore and Malaysia. In addition, rising number of residential construction activities in these countries is also likely to have a positive impact on the industry growth over the next eight years.
Europe accounted for more than 25% share of global revenue in 2017 owing to high product penetration by Eaton and other electricians working for large enterprises as well as domestic installations such as single-family homes or small shops/offices. Moreover European Union (EU) has made it mandatory for all electrical products including wiring devices manufactured after 2016 comply with stringent energy efficiency requirements called Energy Performance Directive (EPD). This initiative is projected to further fuel market growth over the coming years.
Growth Factors:
- Increasing demand from the construction sector for wiring devices
- Rising demand for wiring devices in the automotive sector
- Growing popularity of smart homes and connected devices
- Proliferation of internet of things (IoT) and increasing demand for wireless connectivity solutions
- Technological advancements in wiring devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Wiring Devices Market Research Report
By Type
Receptacles, Switches, Wall Plates, Plugs, Plug Connectors, Others
By Application
Commercial, Industrial, Residential
By Companies
ABB, Datecs, Elkabel, Emka, Fincom-2, Gamakabel, General Electric, Hellenic Cables, Incotex Group, Legrand, Monbat, OctaLight, Realux, Samel-90, Schneider Electric, Solar LED Power, Eaton
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Wiring Devices Market Report Segments:
The global Wiring Devices market is segmented on the basis of:
Types
Receptacles, Switches, Wall Plates, Plugs, Plug Connectors, 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
Commercial, Industrial, Residential
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
- Datecs
- Elkabel
- Emka
- Fincom-2
- Gamakabel
- General Electric
- Hellenic Cables
- Incotex Group
- Legrand
- Monbat
- OctaLight
- Realux
- Samel-90
- Schneider Electric
- Solar LED Power
- Eaton
Highlights of The Wiring Devices 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:
- Receptacles
- Switches
- Wall Plates
- Plugs
- Plug Connectors
- Others
- By Application:
- Commercial
- Industrial
- Residential
- 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 Devices 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 devices are electronic components and circuits that allow an electrician to connect wires from one point to another.
Some of the major players in the wiring devices market are ABB, Datecs, Elkabel, Emka, Fincom-2, Gamakabel, General Electric, Hellenic Cables, Incotex Group, Legrand, Monbat, OctaLight, Realux, Samel-90, Schneider Electric, Solar LED Power, Eaton.
The wiring devices 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 Wiring Devices 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 Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wiring Devices 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 Devices 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 Devices Market Size & Forecast, 2018-2028
4.5.1 Wiring Devices Market Size and Y-o-Y Growth
4.5.2 Wiring Devices Market Absolute $ Opportunity
Chapter 5 Global Wiring Devices 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 Wiring Devices Market Size Forecast by Type
5.2.1 Receptacles
5.2.2 Switches
5.2.3 Wall Plates
5.2.4 Plugs
5.2.5 Plug Connectors
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wiring Devices 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 Wiring Devices Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wiring Devices 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 Devices 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 Wiring Devices Analysis and Forecast
9.1 Introduction
9.2 North America Wiring Devices 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 Wiring Devices Market Size Forecast by Type
9.6.1 Receptacles
9.6.2 Switches
9.6.3 Wall Plates
9.6.4 Plugs
9.6.5 Plug Connectors
9.6.6 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 Wiring Devices Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Residential
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 Wiring Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Wiring Devices 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 Wiring Devices Market Size Forecast by Type
10.6.1 Receptacles
10.6.2 Switches
10.6.3 Wall Plates
10.6.4 Plugs
10.6.5 Plug Connectors
10.6.6 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 Wiring Devices Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Residential
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 Wiring Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wiring Devices 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 Wiring Devices Market Size Forecast by Type
11.6.1 Receptacles
11.6.2 Switches
11.6.3 Wall Plates
11.6.4 Plugs
11.6.5 Plug Connectors
11.6.6 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 Wiring Devices Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Residential
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 Wiring Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Wiring Devices 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 Wiring Devices Market Size Forecast by Type
12.6.1 Receptacles
12.6.2 Switches
12.6.3 Wall Plates
12.6.4 Plugs
12.6.5 Plug Connectors
12.6.6 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 Wiring Devices Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Residential
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) Wiring Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wiring Devices 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) Wiring Devices Market Size Forecast by Type
13.6.1 Receptacles
13.6.2 Switches
13.6.3 Wall Plates
13.6.4 Plugs
13.6.5 Plug Connectors
13.6.6 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) Wiring Devices Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Residential
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 Devices Market: Competitive Dashboard
14.2 Global Wiring Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Datecs
14.3.3 Elkabel
14.3.4 Emka
14.3.5 Fincom-2
14.3.6 Gamakabel
14.3.7 General Electric
14.3.8 Hellenic Cables
14.3.9 Incotex Group
14.3.10 Legrand
14.3.11 Monbat
14.3.12 OctaLight
14.3.13 Realux
14.3.14 Samel-90
14.3.15 Schneider Electric
14.3.16 Solar LED Power
14.3.17 Eaton
