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Current-Carrying Wiring Devices: Global Strategic Business Report

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    Report

  • 184 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1382337

Global Current-Carrying Wiring Devices Market to Reach $82.8 Billion by 2030

The global market for Current-Carrying Wiring Devices estimated at US$45.6 Billion in the year 2022, is projected to reach a revised size of US$82.8 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030. Electric Switches, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$32 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wire Connectors segment is readjusted to a revised 8.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.4 Billion, While China is Forecast to Grow at 12.4% CAGR

The Current-Carrying Wiring Devices market in the U.S. is estimated at US$12.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$19.6 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Select Competitors (Total 23 Featured) -

  • 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.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Wiring Devices Market - A Precursor
  • Recent Market Activity
  • Current-carrying Wiring Devices - A Prelude
  • Developing Nations to Turbo Charge Market Growth
  • Electrical Switch Market Exhibiting Electrifying Performance
  • Improving Economy Buoys General Market Optimism
  • Assessing the Impact of Recent Past Economic Upheavals on Global Current-Carrying Wiring Devices Market
  • Competitive Landscape
  • Hubbell, Eaton, ABB, Schneider and Legrand: Active Participants in the Global Market
  • Leading Vendors Sense Brewing Competition from Asian Manufacturers
  • Current-Carrying Wiring Devices - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB (Switzerland)
  • Anchor Electricals Pvt. Ltd. (India)
  • Eaton Corporation PLC (Ireland)
  • Honeywell International, Inc. (USA)
  • Hubbell, Inc. (USA)
  • Legrand (France)
  • Leviton Manufacturing Co., Inc. (USA)
  • Orel Corporation (Sri Lanka)
  • OSRAM GmbH (Germany)
  • Schneider Electric (France)
  • Simon S.A. (Spain)
  • SMK Corporation (Japan)
3. MARKET TRENDS & DRIVERS
  • Consumer Demand for Safe and Innovative Circuitry Unfurl New Product Innovations
  • Electrical Switches Move Beyond Functionality
  • Anti-Microbial Switches - An Emerging Segment
  • High Energy Costs and Regulations Drive Demand for Receptacle control and Energy Efficiency Products
  • Focus on Energy Conservation Drives Demand for Dimmer Switches
  • Smart Homes Up the Demand for Smart Switches
  • Smart Wi-Fi Switches and Plugs for Smarter Home Lighting
  • Smart Lighting Controls Drive Innovations in Sensor Switches
  • Select Innovative Smart Light Switches and Smart Plugs
  • Tamper-Resistant Receptacles Gain Traction
  • USB Receptacles Sense Potential Opportunities
  • Weather-Resistant Receptacles Make Progress
  • Innovations in the Lamp Holders Segment
  • Manufacturers Embrace Internet Medium
  • Challenges
  • Prevalence of Unorganized Players
  • Counterfeit Products
  • Government Regulations
  • Rising Electricity Demands, New Construction & Renovation Represent Fundamental Growth Drivers
  • Rapid Pace of Urbanization & Improving Construction Investments Accelerate Revenue Growth
  • Rising Commercial Real Estate Investments Extend New Opportunities
  • Proliferation of Consumer Electronic Devices to Drive Demand
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Current-Carrying Wiring Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Current-Carrying Wiring Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Electric Switches by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Electric Switches by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Electric Switches by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Wire Connectors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Wire Connectors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Wire Connectors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Receptacles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Receptacles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Receptacles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Current-Carrying Wiring Devices Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 17: USA Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 18: USA Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: USA 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
CANADA
  • Table 20: Canada Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: Canada Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: Canada 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
JAPAN
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 23: Japan Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: Japan Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: Japan 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
CHINA
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 26: China Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: China Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: China 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
EUROPE
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 29: Europe Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 30: Europe Historic Review for Current-Carrying Wiring Devices by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: Europe 16-Year Perspective for Current-Carrying Wiring Devices by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
  • Table 32: Europe Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: Europe Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: Europe 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
FRANCE
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 35: France Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: France Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 37: France 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
GERMANY
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 38: Germany Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: Germany Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 40: Germany 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
ITALY
  • Table 41: Italy Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 42: Italy Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 43: Italy 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
UNITED KINGDOM
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 44: UK Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: UK Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 46: UK 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
SPAIN
  • Table 47: Spain Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 48: Spain Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 49: Spain 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
RUSSIA
  • Table 50: Russia Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: Russia Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 52: Russia 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
REST OF EUROPE
  • Table 53: Rest of Europe Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 54: Rest of Europe Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 55: Rest of Europe 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
ASIA-PACIFIC
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 57: Asia-Pacific Historic Review for Current-Carrying Wiring Devices by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 58: Asia-Pacific 16-Year Perspective for Current-Carrying Wiring Devices by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
  • Table 59: Asia-Pacific Recent Past, Current & Future Analysis for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 60: Asia-Pacific Historic Review for Current-Carrying Wiring Devices by Product Segment - Electric Switches, Wire Connectors, Receptacles and Other Product Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 61: Asia-Pacific 16-Year Perspective for Current-Carrying Wiring Devices by Product Segment - Percentage Breakdown of Value Sales for Electric Switches, Wire Connectors, Receptacles and Other Product Segments for the Years 2014, 2023 & 2030
AUSTRALIA
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.

Table Information