Smart wiring devices market is anticipated to grow at a CAGR of 12.4% during the forecast period (2023-2030). The market’s growth is attributed to demand for simplified solutions. Decora Edge addresses the market’s demand for simpler and more user-friendly installation methods, reducing complexity and time in electrical installations. For instance, in January 2023, Leviton introduced its Decora Edge line of wiring devices a faster, easier and safer way to install electrical devices for the home. In comparison to traditional switches and outlets, Decora Edge simplifies installation by allowing users to simply push stripped 14-gauge or 12-gauge electrical building wire into a termination port and close a lever that clicks into place, safely terminating the connection.
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The global smart wiring devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the presence of significant companies investing in next-generation Internet of Things solutions.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart Wiring Devices Market by Product Type
- Smart Switches
- Smart Dimmers
- Smart Thermostats
- Smart Outlets/Plugs
- Others (Smart Panels/Distribution Boards, and Smart Circuit Breakers)
Global Smart Wiring Devices Market by End-User
- Automated
- Manual
Global Smart Wiring Devices Market by End-User
- Residential Sector
- Commercial Buildings
- Industrial Sector
- Government and Public Infrastructure
- Others (Healthcare Facilities, and Educational Institutions)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bio-Rad Laboratories, Inc.
- Danaher Corp.
- DNASTAR
- Eurofins Scientific
- Genomatix
- Helix OpCo, LLC.
- Huawei Technologies Co. Ltd
- Illumina, Inc.,
- Integrated DNA Technologies
- Macrogen, Inc.
- PerkinElmer U.S. LLC
- QIAGEN GmbH
- Thermo Fisher Scientific Inc.,
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart wiring devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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