What is Commercial Wiring Devices-?
The global Commercial wiring device market is expected to grow rapidly during the forecast period, owing to rising consumer electronics demand and rising commercial real estate investments. A wiring device is an electrical device that controls and connects low-voltage outlets, lighting systems, and appliances like wall switches and receptacles. Furthermore, wiring devices and accessories are used to help protect sensitive equipment from malfunction due to noise on the equipment grounding path and to cover safety installation requirements.
|Unit||Value (USD Million)|
|Key Companies Profiled||Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Legrand (France), Leviton Manufacturing (United States), Schneider Electric (France), Simon S.A. (Spain), OSRAM GmbH (Germany), Anchor Electricals Pvt. Ltd. (India), Eaton (Ireland) and Cooper Industries (United States)|
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Commercial Wiring Devices- market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Legrand (France), Leviton Manufacturing (United States), Schneider Electric (France), Simon S.A. (Spain), OSRAM GmbH (Germany), Anchor Electricals Pvt. Ltd. (India), Eaton (Ireland) and Cooper Industries (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hubbell (United States), SMK Corporation (Japan) and Orel Corporation (Sri Lanka).
The market study is broken down by Type (Receptacles, Light Dimmer, Lamp Holders, Metal Contacts, Electric Switches and Wire Connectors) and major geographies with country level break-up.
AdvanceMarketAnalytics has segmented the market of Global Commercial Wiring Devices- market by Type, Application and Region.
On the basis of geography, the market of Commercial Wiring Devices- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Commercial Wiring Devices- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Oil and Gas will boost the Commercial Wiring Devices- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 17-February-2021 Legrand India has launched its new range of wiring device ‘Myrius Next Gen’, the premium product assortment. Myrius Next Gen is expected to build a value and strengthen Legrand’s presence in the premium segment with its modern technology, a release from Legrand India noted. The product range is targeted at the residential and commercial segment, with a focus on architects, builders, electricians, consultants, contractors, developers, system integrators and retailers.
- Huge Investment In Current Carrying Wiring Devices Among Players
- Technological Advancement In Commercial Wiring Devices
- Rapid Urbanization And Rapidly Growing Building Infrastructure Is Fuels The Growth Of Market
- Increasing Construction Activity Globally Rising The Demand For Wiring Devices
- Increasing Demand From Developing Countries
- Growing The Sales Of Commercial Wiring Devices Online Platform
- Availability Of Counterfeit Products
- Fierce Competitive Pressure
Key Target AudienceCommercial Wiring Devices manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Legrand (France), Leviton Manufacturing (United States), Schneider Electric (France), Simon S.A. (Spain), OSRAM GmbH (Germany), Anchor Electricals Pvt. Ltd. (India), Eaton (Ireland) and Cooper Industries (United States) etc.
2. Can we have customized study for Commercial Wiring Devices- Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.