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Current-Carrying Wiring Devices - Global Market Trajectory & Analytics

  • ID: 1382337
  • Report
  • July 2020
  • Region: Global
  • 281 Pages
  • Global Industry Analysts, Inc
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Global Current-Carrying Wiring Devices Market to Reach $51.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Current-Carrying Wiring Devices estimated at US$39.7 Billion in the year 2020, is projected to reach a revised size of US$51.7 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Electric Switches, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$19.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wire Connectors segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $10.7 Billion, While China is Forecast to Grow at 7% CAGR

The Current-Carrying Wiring Devices market in the U.S. is estimated at US$10.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Receptacles Segment to Record 4.4% CAGR

In the global Receptacles segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.3 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 281-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Current-Carrying Wiring Devices Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

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: Current-Carrying Wiring Devices Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Current-Carrying Wiring Devices Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Current-Carrying Wiring Devices Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Electric Switches (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Electric Switches (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Electric Switches (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Wire Connectors (Product Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Wire Connectors (Product Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Wire Connectors (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Receptacles (Product Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Receptacles (Product Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Receptacles (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Other Product Segments (Product Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Other Product Segments (Product Segment) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Other Product Segments (Product Segment) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Current-Carrying Wiring Devices Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 16: United States Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 17: Current-Carrying Wiring Devices Market in the United States by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 18: United States Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

CANADA

TABLE 19: Canadian Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 20: Canadian Current-Carrying Wiring Devices Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 21: Current-Carrying Wiring Devices Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

JAPAN

TABLE 22: Japanese Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 23: Current-Carrying Wiring Devices Market in Japan: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 24: Japanese Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

CHINA

TABLE 25: Chinese Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 26: Current-Carrying Wiring Devices Historic Market Analysis in China in US$ Million by Product Segment: 2012-2019
TABLE 27: Chinese Current-Carrying Wiring Devices Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Current-Carrying Wiring Devices Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 28: European Current-Carrying Wiring Devices Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 29: Current-Carrying Wiring Devices Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 30: European Current-Carrying Wiring Devices Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: European Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 32: Current-Carrying Wiring Devices Market in Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 33: European Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

FRANCE

TABLE 34: Current-Carrying Wiring Devices Market in France by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 35: French Current-Carrying Wiring Devices Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 36: French Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

GERMANY

TABLE 37: Current-Carrying Wiring Devices Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 38: German Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 39: German Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

ITALY

TABLE 40: Italian Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 41: Current-Carrying Wiring Devices Historic Market Analysis in Italy in US$ Million by Product Segment: 2012-2019
TABLE 42: Italian Current-Carrying Wiring Devices Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 43: United Kingdom Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 44: Current-Carrying Wiring Devices Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 45: United Kingdom Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

SPAIN

TABLE 46: Spanish Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 47: Spanish Current-Carrying Wiring Devices Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 48: Current-Carrying Wiring Devices Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

RUSSIA

TABLE 49: Russian Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 50: Current-Carrying Wiring Devices Market in Russia by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 51: Russian Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 52: Rest of Europe Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 53: Current-Carrying Wiring Devices Market in Rest of Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 54: Rest of Europe Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 55: Asia-Pacific Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 56: Current-Carrying Wiring Devices Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 57: Asia-Pacific Current-Carrying Wiring Devices Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 58: Current-Carrying Wiring Devices Market in Asia-Pacific by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 59: Asia-Pacific Current-Carrying Wiring Devices Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 60: Asia-Pacific Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 61: Current-Carrying Wiring Devices Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 62: Australian Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 63: Australian Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

INDIA

TABLE 64: Indian Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 65: Indian Current-Carrying Wiring Devices Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 66: Current-Carrying Wiring Devices Market in India: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

SOUTH KOREA

TABLE 67: Current-Carrying Wiring Devices Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 68: South Korean Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 69: Current-Carrying Wiring Devices Market Share Distribution in South Korea by Product Segment: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 70: Rest of Asia-Pacific Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 71: Current-Carrying Wiring Devices Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 72: Rest of Asia-Pacific Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 73: Latin American Current-Carrying Wiring Devices Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 74: Current-Carrying Wiring Devices Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 75: Latin American Current-Carrying Wiring Devices Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 76: Latin American Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 77: Current-Carrying Wiring Devices Historic Market Analysis in Latin America in US$ Million by Product Segment: 2012-2019
TABLE 78: Latin American Current-Carrying Wiring Devices Marketby Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

ARGENTINA

TABLE 79: Argentinean Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 80: Current-Carrying Wiring Devices Market in Argentina in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 81: Argentinean Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

BRAZIL

TABLE 82: Current-Carrying Wiring Devices Market in Brazil by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 83: Brazilian Current-Carrying Wiring Devices Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 84: Brazilian Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

MEXICO

TABLE 85: Current-Carrying Wiring Devices Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 86: Mexican Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 87: Mexican Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 88: Rest of Latin America Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 89: Current-Carrying Wiring Devices Market in Rest of Latin America by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 90: Rest of Latin America Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 91: The Middle East Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 92: Current-Carrying Wiring Devices Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 93: The Middle East Current-Carrying Wiring Devices Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 94: The Middle East Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 95: The Middle East Current-Carrying Wiring Devices Historic Marketby Product Segment in US$ Million: 2012-2019
TABLE 96: Current-Carrying Wiring Devices Market in the Middle East: Percentage Share Breakdown of Salesby Product Segment for 2012,2020, and 2027

IRAN

TABLE 97: Iranian Market for Current-Carrying Wiring Devices: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 98: Current-Carrying Wiring Devices Market in Iran: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 99: Iranian Current-Carrying Wiring Devices Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

ISRAEL

TABLE 100: Israeli Current-Carrying Wiring Devices Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 101: Current-Carrying Wiring Devices Market in Israel in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 102: Israeli Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 103: Saudi Arabian Current-Carrying Wiring Devices Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 104: Current-Carrying Wiring Devices Historic Market Analysis in Saudi Arabia in US$ Million by Product Segment: 2012-2019
TABLE 105: Saudi Arabian Current-Carrying Wiring Devices Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED ARAB EMIRATES

TABLE 106: Current-Carrying Wiring Devices Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 107: United Arab Emirates Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 108: Current-Carrying Wiring Devices Market Share Distribution in United Arab Emirates by Product Segment: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 109: Current-Carrying Wiring Devices Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 110: Rest of Middle East Current-Carrying Wiring Devices Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 111: Rest of Middle East Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

AFRICA

TABLE 112: African Current-Carrying Wiring Devices Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 113: Current-Carrying Wiring Devices Market in Africa by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 114: African Current-Carrying Wiring Devices Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 137

Note: Product cover images may vary from those shown
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