Smart Wiring Devices Market By Product (Smart Lamp Holders, Smart Light Dimmer, Smart Metal Contacts, Smart Wire Connectors, Smart Electric Switches, and Others), and End User (Commercial, Residential, Oil & Gas, Energy & Power, Automotive, Construction, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
A09514 | Pages: NA | Jan 2021 | 101 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Smart Wiring Devices Market
Request Now !Smart Wiring Devices Market Outlook – 2027Â
Wiring devices are used to provide and control connection points for low voltage wiring systems. Smart wiring devices provide convenience to users and manage electrical devices present at homes, offices, industries and others. It helps in remote operation of devices, scenario management, scheduling operations and energy management of things such as fans, lights, geysers and others.Â
Thus, smart wiring devices combine advanced analytics, intelligent automation and data visualization and enhance user experience. Innovations in the electronic systems industry paves the way for better and improved Smart wiring devices. The global market of smart wiring devices is experiencing a significant growth, and will grow considerably in next few years. Â
The global smart wiring devices market is segmented on the basis of product, end user, and region. Based on product, the smart wiring devices market is divided into smart lamp holders, smart light dimmer, smart metal contacts, smart wire connectors, smart electric switches, and others. On the basis of end user, the market is categorized into commercial, residential, oil & gas, energy & power, automotive, construction, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global smart wiring devices industry include Honeywell International Inc., Google LLC, Amazon Inc., ABB Ltd., LG Electronics Inc., Samsung, Apple, General Electric Company, Sony Corporation, Siemens Corporation, and Schneider Electric. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.Â
Top Impacting Factors
The major driving factors for the growth in the market of smart wiring devices is the increasing demand from the construction industry for providing wiring systems in the industries, housing societies and commercial applications. In addition, the increased consumer spending and convenience for deploying smart wiring systems have fueled the market growth further. Moreover, the requirement for energy efficiency devices, investments in automation and boost in industries such as hotel, tourism, real estate and others will present new pathways in the industry.
New Product Launches to Flourish the MarketÂ
The launch of new products that contain improved capabilities have been launched by leading market players. Logic plus a new smart wiring device was launched by MK Electric recently. It offers sophisticated look by taking into consideration today’s design and is designed to perfectly complement modern interiors. These devices are made from high grade thermoset material which enhances safety, they are easy to install and easily available. Moreover, this product provides 20-year guarantee, provides quality and reliability assurance and enhances safety as well which helped this smart wiring device flourish the global market.Â
Surge in Usage in Residences
Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Remote connectivity features and improved functionality of wiring devices is gaining momentum across the world. There are increasing investments being made for adopting automation as well. Also, as these devices provide long term benefits, have simple and intuitive displays which enhances user experience has led to the surge in the usage of smart wiring devices in residences. Moreover, the requirement for energy conservation worldwide and necessity for improving wiring device’s efficiency will further increase the demand for smart wiring devices market.
Key Benefits of the Report
- This study presents the analytical depiction of the global smart wiring devices market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart wiring devices market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Smart wiring devices market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global smart wiring devices market analysis based on competitive intensity and how the competition will take shape in coming years.Â
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019-2027 |
Base Year Considered | 2019 |
Forecast Period | 2020-2027 |
Forecast Units | Value (USD) |
Segments Covered | Product, End User, and Region |
Regions Covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, and Middle East, and Africa)Â |
Companies Covered | Honeywell International Inc., Google LLC, Amazon Inc., ABB Ltd., LG Electronics Inc., Samsung, Apple, General Electric Company, Sony Corporation, Siemens Corporation, and Schneider Electric |
COVID-19 Scenario Analysis
- Global smart wiring devices market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors.Â
- Global factories have struggled to integrate new smart wiring devices as workers have stayed in their homes, which disrupted the global supply chains.Â
- The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for smart wiring devices are gradually going to increase. Â
- This COVID-19 lockdown would help companies think about more advanced smart wiring devices to enhance efficiency.
Smart Wiring Devices Market Key Segments
Segments | Sub-Segments |
Product |
|
End User |
|
Â
Questions Answered in the Smart Wiring Devices Market Research Report
- Which are the leading market players active in the smart wiring devices market?
- What would be the detailed impact of COVID-19 on the smart wiring devices market size?
- How current smart wiring devices market trends would influence the industry in the next few years?
- What are the driving factors, restraints, and opportunities in the global market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Smart Wiring Devices Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers