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Wiring Devices Market Size Projected to Rise Lucratively during 2021

07-27-2018 12:44 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Wiring Devices Market Size Projected to Rise Lucratively during

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.

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.

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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.

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.

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About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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