Wiring Devices Marke Growth Set to Surge Significantly during (2021)

Wiring Devices Market: Global Industry Analysis and Forecast 2015 - 2021
Wiring devices refers to any electrical devices that are used to provide and control connection
points or joining points for low voltage lighting control systems, electrical sockets and wall
switches. Wiring devices includes current carrying wiring devices and non-current carrying wiring
devices. Current-carrying wiring devices market is highly variable depending on certain factors
such as consumer purchasing power, growth in GDP, economic conditions and overall health of
domestic construction and housing industry. Non-current carrying wiring devices contains boxes,
plates, conduit and fitting, among others. The electrical conduits are used to protect the electrical
wiring from weather conditions and mechanical injury.
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Wiring devices market can be segmented on the basis of products and geography. Based on the
products the wiring devices market can be categorized into receptacles, light dimmer, lamp holders,
metal contacts, electric switches, wire connectors and other current carrying devices. Switches are
used for controlling inductive and resistive loads mostly in the electric discharge lamps. Increasing
use of electronic switches in construction and residential industry is one of the factors which is
driving the growth of wiring devices market across the globe. The automated electronic switch
owing to a number of features are widely being used in residential, construction and institutional
occupancies. For instance, the fully automated lighting control system allows outdoor or indoor
light to be operated remotely from any point within the system containing receiver and controller.
The technological displacement in the field of wiring devices is expected to fuel the market growth.
The company such as Schneider-electric is offering self-powered and wireless switches which allow
instant installation and location flexibility. These switches are deprived of batteries which result in
low maintenance and low running cost. These switches are self-powered and scavenging ambient
energy powers the switches.
Construction activity, consumer spending and private spending are expected to increase over the
forecast period owing to the rising number of households which in turn is expected to stimulate the
market growth. The boost in industries such as tourism, hotel and real estate will furthermore
trigger the demand of wiring devices market owing to the huge investment in current carrying
wiring devices. Moreover, the increasing use of light dimmers are expected to fuel the market
growth due to the energy efficient nature of the light dimmer. The light dimmer is increasingly used
for limiting the brightness of the light. The dimmer light switch can be controlled with the help of
knob which ultimately results in energy efficiency. Increasing regulations for use of tamper resistant
receptacles in the developed economies are expected to fuel the market revenue. National Electrical
Manufacturers Associations (NEMA) and U.S. General Service Administration (GSA) are focusing
on the extensive use of straight-blade and locking-type receptacle and plug caps and temper-less
receptacles for safe usage of wiring devices.
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Some of the key players in this marketplace include ABB Incorporated, Cooper Industries plc,
Eaton Corporation, Hewlett-Packard (HP) Development Company L.P., Hubbell Inc., Legrand
Group, Leviton Manufacturing Co Inc., OREL Mfg. (Pvt.) Ltd., Schneider Electric SA, and SMK
Corporation, among others.