A Detailed Analysis of the Current-carrying Wiring Devices Market Based on Electric Switches, Wire Connectors, and Receptacles
Providing Control to Users and Ensuring Safe Operation of Electrical Circuits, Find out with FMI Why the Demand for Current-carrying Wiring Devices is Rising Globally!
Current-carrying Wiring Devices Market Outlook (2023 to 2033)
The global current-carrying wiring devices market size is projected to reach US$ 49.2 billion in 2023. Over the forecast period from 2023 to 2033, global current-carrying wiring device sales are anticipated to surge at 7.7% CAGR. By 2033, total market value is predicted to reach US$ 103.5 billion.
In 2022, the worldwide fault current industry valuation totaled US$ 45.6 billion. For the projection period, an absolute $ opportunity of US$ 54.3 billion is expected to be generated by the target market.
Global sales of current-carrying wiring devices are expected to remain positive during the assessment period owing to the rising demand from various sectors.
Sales are likely to remain high for electric switches due to their increasing usage in residential and commercial sectors. As per Future Market Insights (FMI), electric switches segment is forecast to thrive at 7.6% CAGR through 2033.
To gain maximum profits and meet end user demand, key current-carrying wiring device manufacturing companies are focusing on strengthening their portfolio of electric switches. They are also introducing smart electric switches as well as those that can be remotely controlled.
Key Market Shaping Factors:
Rising demand for current-carrying wiring devices from industrial, residential, and commercial sectors is expected to boost the target market
Rapid growth of real estate sector is likely to uplift current-carrying wiring device demand
High adoption of automation is anticipated to positively influence current-carrying wiring device sales
Increasing penetration of electrification, especially across developing nations, is set to create ample growth opportunities for current-carrying wiring device manufacturers
Growing focus on energy efficiency and sustainability to further boost the global current-carrying wiring devices industry
Surging popularity of smart homes and increasing smart city projects are expected to create a high demand for current-carrying wiring devices
Increasing consumer awareness about safety is likely to encourage adoption of current-carrying wiring devices such as electric switches
Rising usage of renewable energy sources is anticipated to further boost current-carrying wiring devices sales
Booming HoReCa sector is anticipated to support market expansion during the assessment period
Growing usage of electric switches in a wide range of applications to foster market development
Over the years, importance of wiring devices has increased exponentially due to their various advantages. These devices are being increasingly used to control and provide connection points for low-voltage outlets, appliances, and lighting systems.
Wiring devices ensure safety and convenience in industrial, residential, and commercial settings due to their ability to allow for safe transfer of electrical power to several electric equipment. These devices are categorized into current-carrying devices and non-current-carrying devices.
Current-carrying wiring devices serve primarily as a connection or control point for electrical circuits. These devices enhance both functionality and aesthetic of electrical systems. They help end users manage power and significantly save energy.
The ability of current-carrying wiring devices to control and connect electrical distribution and circuits is expected to fuel their demand globally.
Robust growth of residential sector triggered by increasing government investments is anticipated to boost the global current-carrying devices industry during the assessment period.
Exponential growth of the world population is generating a high demand for residential buildings. As new buildings are being developed, demand for electrical wiring and devices including current-carrying wiring devices is set to rise rapidly.
Rising focus on energy efficiency and growing popularity of green building are other factors positively influencing current-carrying wiring device sales.
Governments throughout the world are promoting energy efficiency to reduce environmental concerns. This is prompting end users to employ energy-efficient current-carrying wiring devices.
Increasing need for upgrading electrical infrastructure by replacing existing wiring devices with modern & more efficient ones will further boost the target market.
Enforcement of stringent safety standards and regulations for electrical devices is anticipated to create a plethora of opportunities for current-carrying device manufacturers. Compliance with these standards has become necessary for end users and will fuel market expansion.
Growing adoption of automation and industry 4.0 is expected to create demand for reliable and high-quality current-carrying wiring devices that can ensure safe and seamless electrical connections.
Manufacturers are introducing new wiring devices with smart features, remote control capabilities, and compatibility with automation systems. These new wiring devices are ideal for smart home revolution that is gathering momentum globally.
Technological advancements are allowing manufacturers to develop innovative, safer, and highly efficient current-carrying wiring devices. The new devices feature smart connectivity, energy efficiency, and enhanced safety.
Attributes
Key Insights
Estimated Global Current-carrying Wiring Devices Market Value (2023)
US$ 49.2 billion
Projected Market Size (2033)
US$ 103.5 billion
Value-based CAGR (2023 to 2033)
7.7%
United States Market CAGR (2023 to 2033)
7.7%
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2018 to 2022 Global Current-carrying Wiring Devices Sales Outlook Compared to Demand Forecast from 2023 to 2033
According to Future Market Insights (FMI), global sales of current-carrying wiring devices grew at about 8.3% CAGR historically from 2018 to 2022. Total market size reached around US$ 45.6 billion.
Looking forward, the global market for current-carrying wiring devices is projected to thrive at 7.7% CAGR through 2033. It is likely to generate an absolute $ growth of US$ 54.3 billion during the assessment period.
Growing usage of current-carrying wiring devices across residential, commercial, and industrial sectors is providing impetus for the expansion of the target market.
Current-carrying wiring devices have become essential equipment for safe and efficient functioning of electrical systems. These current-carrying electrical products serve as a connection or control point for electrical circuits.
Rising need for ensuring safe operation of electrical circuits and growing focus on improving safety are expected to fuel demand for current-carrying wiring devices.
Rapid urbanization, especially across fast-growing nations is another prominent factor expected to uplift current-carrying wiring device demand through 2033.
In recent years, there has been a dramatic rise in urbanization, especially across developing nations such as China. This has created a high need for residential and commercial infrastructure and the trend is expected to continue over the projection period.
For instance, as per the American Institute of Architects (AIA), by 2025 China is estimated to have constructed the equivalent of 10 New York-sized cities. This will generate demand for current-carrying wiring devices and present new opportunities for wiring device manufacturers.
Increasing focus on saving energy in residential and commercial sectors as well as complying with safety standards is projected to boost the target market during the assessment period.
Leading current-carrying wiring device manufacturers are shifting their focus towards developing innovative devices with smart and remote controlling features.
For instance, in January 2023 Nanoleaf, a prominent leader of smart lighting innovation, unveiled five new Matter-compatible smart home products, including its ever-learning smart light switches, at CES 2023.
Comparative View of Adjacent Markets
Safety Limit Switches Market:
Attributes
Safety Limit Switches Market
CAGR (2023 to 2033)
6.1%
Market Value (2023)
US$ 1.9 billion
Growth Factor
Growing adoption of safety switches across various end-use sectors including manufacturing, oil & gas, and power generation is driving the target market forward.
Key Trend
Rising focus on improving safety of workers and equipment is likely to fuel safety limit switch demand globally through 2033.
Load Break Switches Market:
Attributes
Load Break Switches Market
CAGR (2023 to 2033)
5.4%
Market Value (2023)
US$ 2.4 billion
Growth Factor
Rising demand from industrial sector is expected to uplift load break switch demand during the assessment period.
Key Trend
Rapid expansion of power sector is likely to create new growth prospects for the global load break switches market.
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Country-wise Insights
Country
United States
Projected CAGR (2023 to 2033)
7.7%
Market Value (2033)
US$ 19.2 billion
Historical CAGR (2018 to 2022)
8.2%
Country
United Kingdom
Projected CAGR (2023 to 2033)
7.5%
Market Value (2033)
US$ 3.9 billion
Historical CAGR (2018 to 2022)
7.9%
Country
China
Projected CAGR (2023 to 2033)
7.6%
Market Value (2033)
US$ 22.5 billion
Historical CAGR (2018 to 2022)
8.1%
Country
Japan
Projected CAGR (2023 to 2033)
7.6%
Market Value (2033)
US$ 18.9 billion
Historical CAGR (2018 to 2022)
8.1%
Country
South Korea
Projected CAGR (2023 to 2033)
7.4%
Market Value (2033)
US$ 6.5 billion
Historical CAGR (2018 to 2022)
7.7%
High Adoption of Automation Boosting the United States Market
According to Future Market Insights (FMI), the United States current-carrying wiring devices market is forecast to thrive at 7.7% through 2033. Historically, from 2018 to 2022 it witnessed a compound annual growth rate (CAGR) of 8.2%.
By the end of 2033, the United States current-carrying wiring devices industry is predicted to surpass a valuation of US$ 19.2 billion. It is set to generate an absolute $ opportunity of US$ 10.0 billion during the assessment period.
Rapid penetration of electrification and automation across residential, industrial, and commercial sectors is a prominent factor fueling current-carrying wiring device demand in the United States.
When it comes to automation, the United States leads from the forefront. The country is witnessing high adoption of automation and electrification due to advancements in technology and availability of sophisticated equipment.
High adoption of automation in turn is bolstering current-carrying wiring device sales. This is because advanced automation and control systems need robust & reliable current-carrying wiring devices to handle high-power applications.
Similarly, growing popularity of smart homes and incorporation of novel technologies such as IoT are creating a high demand for current-carrying wiring devices that can be remotely controlled as well as connected with smart devices. This will further boost the United States market.
Increasing usage of smart lighting solutions is another key factor expected to bolster current-carrying wiring device sales across the United States through 2033.
Booming Real Estate Sector Propelling Demand in China
China is the world’s leading construction market. The country’s exploding population and urbanization have triggered the growth of residential and non-residential sectors during the last few years. They have also prompted government to invest heavily in public infrastructure.
According to the International Trade Administration (ITA), total investment in new infrastructure is expected to reach US$ 4.2 trillion during the 14th Five-Year Plan (2021 to 2025) in China. This in turn is likely to uplift demand for current-carrying wiring devices such as electric switches.
Shift towards green building along with implementation of stringent government regulations are expected to present new growth prospects for China market.
To meet green building standards, people across China are increasingly employing energy-efficient wiring devices. These include smart energy management systems and LED-compatible witches. This will help the target market to thrive rapidly during the assessment period.
As per Future Market Insights (FMI), China current-carrying wiring devices market is projected to expand at 7.6% CAGR during the projection period. It is likely to create an absolute $ growth of US$ 11.7 billion over the forecast period, taking the overall market valuation to US$ 22.5 billion by 2033.
Category-wise Insights
Top Segment (Product Type)
Electric Switch
Historical CAGR (2018 to 2022)
8.2%
Projected CAGR (2023 to 2033)
7.6%
Top Segment (End User)
Residential
Historical CAGR (2018 to 2022)
8.0%
Projected CAGR (2023 to 2033)
7.5%
Demand to Remain High for Electric Switches Globally
Based on product, the global current-carrying wiring devices industry is segmented into electric switches, receptacles, wire connectors, and others. Among these, demand is anticipated to remain high for electric switches, making it the top revenue generation category for current-carrying wiring device manufacturers.
According to Future Market Insights (FMI), electric switch demand is projected to increase at 7.6% CAGR in the global market during the assessment period. Historically, from 2018 to 2022, the target segment grew at 8.2% CAGR.
Growth of the target segment is driven by rising applications of electric switches across residential, commercial, and industrial sectors. Current-carrying switches are essential for ensuring the safety of electrical systems in these sectors.
High penetration of automation and electrification is another key factor that is expected to elevate electric switch demand globally.
Incorporation of more and more electrical devices & systems are necessitating the use of devices such as electric switches as they are critical in controlling the flow of electricity to this equipment.
Similarly, advanced electrical systems require sophisticated current-carrying switches to control and monitor electrical current effectively. To meet this demand, manufacturers need to develop more efficient, compact, and durable electric switches.
Residential Sector to Remain the Leading End-use Segment
Based on end user, the target market is segmented into residential and commercial. Among these, residential sector is expected to remain the leading end user of current-carrying wiring devices throughout the projection period.
According to Future Market Insights’ (FMI’s) latest analysis, residential segment witnessed a CAGR of 8.0% during the historical timeframe and for the projection period, it is likely to thrive at 7.5% CAGR.
Robust growth of residential sector and rising demand for smart homes, especially in urban areas, are key factors driving growth of the target segment. Subsequently, electrification of residential areas is expected to uplift current-carrying wiring device demand.
Today, homeowners are willing to spend more to get a better electrical system in place. This has created a high demand for devices such as electric switches and wire connectors, thereby creating growth prospects for the target market.
Current-carrying wiring devices play a crucial role in providing electricity safely, conveniently, and efficiently in residential buildings. By doing this, they make modern living comfortable and functional.
Homeowners can easily connect and disconnect electric devices by using current-carrying wiring devices such as electrical switches. Hence, they offer convenience and better safety which is encouraging their adoption across the residential sector.
Rising focus on adhering to electrical codes and regulations to ensure safety of occupants is another key factor creating demand for current-carrying wiring devices in residential sector. This is because these devices allow homeowners to meet various requirements and comply with local and national electrical codes.
To meet the rising demand from residential sector, leading manufacturers are developing new innovative products. These new current-carrying wiring devices reflect the successful combination of novel connected technology & satisfying design aesthetics.
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Competitive Landscape
Leading current-carrying wiring device manufacturers listed in the report include ABB, Anchor Electricals Pvt. Ltd., Eaton Corporation PLC, Honeywell International, Inc., Hubbell, Inc., Legrand, Leviton Manufacturing Co., Inc., Orel Corp., OSRAM GmbH, Schneider Electric, Simon S.A., and SMK Corp. among others.
These key current-carrying wiring device companies are focusing on introducing new smart solutions to meet evolving end user requirements. They also use tactics such as mergers, partnerships, agreements, acquisitions, facility expansions, and collaborations to gain a competitive edge in the market.
Recent developments:
In March 2023, a new premium range of wiring devices called Blenze Pro was launched by Honeywell for India market.
In November 2022, Schneider Electrics’ Square D X Series Connected Wiring Devices which are easy to install and feature refreshed modern design compatible with smart homes were announced winners in Good Housekeeping’s 2022 Home Renovation Awards.
In 2020, Leviton announced the acquisition of Ber-Tek, a prominent United States-based fiber-optic and copper network cabling manufacturer.
In May 2018, the new IVIE switch range was introduced by ABB in India. The latest electric switches offer a range of functionalities, from basic switching to controlling and energy savings. They are ideal for energy-efficient buildings.
Scope of the Report
Attribute
Details
Estimated Market Value (2023)
US$ 49.2 billion
Projected Market Value (2033)
US$ 103.5 billion
Anticipated Growth Rate (2023 to 2033)
7.7% CAGR
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Revenue in US$ Billion, Volume in Units, and CAGR from 2023 to 2033
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Product Type, End User, and Region
Regions Covered
North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Companies Profiled
ABB
Anchor Electricals Pvt. Ltd.
Eaton Corporation PLC
Honeywell International, Inc.
Hubbell, Inc.
Legrand
Leviton Manufacturing Co., Inc.
Orel Corp.
OSRAM GmbH
Schneider Electric
Simon S.A.
SMK Corp.
Global Current-carrying Wiring Devices Market Segmentation
By Product:
Electric Switches
Wire Connectors
Receptacles
Others
By End User:
Residential
Commercial
By Region:
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
Middle East and Africa
Frequently Asked Questions
How big is the Global Market for Current-carrying Wiring Devices Presently?
The global current-carrying wiring devices market value is estimated to be around US$ 49.2 billion in 2023.
Who are the Top Market Players in Supplying Current-carrying Wiring Devices?
ABB, Anchor, and Honeywell are some top-performing market players.
Which is the Lucrative Region for the Global Current-carrying Wiring Devices Market?
The regional market value in North America is expected to become US$ 19.2 billion by 2033 end.
Which Country in Asia will Witness Remarkable Growth in the Adoption of Current-carrying Wiring Devices?
China's current-carrying wiring devices market is projected to follow an astounding 7.6% CAGR until 2033.
What will be the Growth Trend for the United Kingdom Current-carrying Wiring Devices Market?
The demand for current-carrying wiring devices in the United Kingdom could witness a 7.5% CAGR through 2033.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Billion) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Electric Switches
5.3.2. Wire Connectors
5.3.3. Receptacles
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By End User, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033
6.3.1. Residential
6.3.2. Commercial
6.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. United States
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By End User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By End User
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By End User
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Product
10.2.3. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By End User
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Product
11.2.3. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By End User
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Product
12.2.3. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By End User
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Product
13.2.3. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By End User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of Middle East & Africa
14.2.2. By Product
14.2.3. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By End User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. United States
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Product
15.1.2.2. By End User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Product
15.2.2.2. By End User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Product
15.3.2.2. By End User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Product
15.4.2.2. By End User
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Product
15.5.2.2. By End User
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Product
15.6.2.2. By End User
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Product
15.7.2.2. By End User
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Product
15.8.2.2. By End User
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Product
15.9.2.2. By End User
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Product
15.10.2.2. By End User
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Product
15.11.2.2. By End User
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Product
15.12.2.2. By End User
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Product
15.13.2.2. By End User
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Product
15.14.2.2. By End User
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Product
15.15.2.2. By End User
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Product
15.16.2.2. By End User
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Product
15.17.2.2. By End User
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Product
15.18.2.2. By End User
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Product
15.19.2.2. By End User
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Product
15.20.2.2. By End User
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Product
15.21.2.2. By End User
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Product
15.22.2.2. By End User
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Product
15.23.2.2. By End User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product
16.3.3. By End User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. ABB
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Anchor Electricals Pvt. Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Eaton Corporation PLC
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Honeywell International, Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Hubbell, Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Legrand
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Leviton Manufacturing Co., Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Orel Corp.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. OSRAM GmbH
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Schneider Electric
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Simon S.A.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
17.1.12. SMK Corp.
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.12.5.2. Product Strategy
17.1.12.5.3. Channel Strategy
18. Assumptions & Acronyms Used19. Research Methodology
