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 SUMMARYIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
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
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)
LATIN AMERICA
- Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
MIDDLE EAST
- Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
AFRICA
- Current-Carrying Wiring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
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
Report Attribute | Details |
---|---|
No. of Pages | 184 |
Published | April 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 42.4 Billion |
Forecasted Market Value ( USD | $ 66.3 Billion |
Compound Annual Growth Rate | 6.6% |
Regions Covered | Global |