North America Smart Wiring Devices Market Size, Share & Industry Trends Analysis Report By Product Type (Smart Switches, Smart Outlets, Smart Dimmers, Smart Thermostat), By Application (Residential, Commercial and Industrial), By Country and Growth Forecast, 2022 - 2028
The North America Smart Wiring Devices Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
Switches are constructed from plastic, metal, or rubber. In most switches, two or more contacts are connected when the switch is in the on position and disengaged when the switch is off. The number of poles and throws can be utilized to categorize switches. A pole is a switch that can be activated or deactivated. A throw is the switch lever's position.
In addition to non-current-carrying devices, wiring devices also contain current-carrying devices. Wiring devices are also utilized to connect low-voltage lighting system control points, switches, and electrical systems. There is an increasing demand for wire equipment, driven mainly by the hospitality industry. Use of wiring equipment in private residences that is both safe and dependable, and the development of weatherproof wiring devices.
Protection, connection, and control points for lighting, outlets, and appliances can be provided by smart wiring devices of superior quality. Even under extreme conditions, the wiring will be kept linked and controlled via wiring devices. Manufacturers of residential wiring devices offer items that represent the effective mix of modern connected technology and aesthetic appeal. Receptacles, switches, connectors, and other wire devices are examples of these goods.
The region's government supports the sector and provides cultural experiences, promotes participation in sports activities in Ontario, Canada, to raise the standard of living, and promotes the region's economic growth. In addition, urbanization in North American nations like the United States, Canada, and Mexico continues to rise due to improved economic conditions. In the wealthy nations of the region, especially the United States and Canada, the desire for luxurious interiors for commercial and residential buildings has skyrocketed. Due to this, it is anticipated that the need for high-tech, multifunctional house interiors will increase, leading to a boom in demand for smart wiring devices in North America in the future years.
The US market dominated the North America Smart Wiring Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,579.1 Million by 2028. The Canada market is poised to grow at a CAGR of 12.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.5% during (2022 - 2028).
Based on Product Type, the market is segmented into Smart Switches, Smart Outlets, Smart Dimmers, Smart Thermostat and Others. Based on Application, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Siemens AG, ABB Ltd., Honeywell International, Inc., Control4 Corporation (Snap One Holdings Corp.), Crestron Electronics, Inc., Legrand Group, Johnson Controls International plc, Lutron Electronics Co., Inc, and Leviton Manufacturing Co., Inc.
Scope of the Study
Market Segments covered in the Report:
By Product Type
- Smart Switches
- Smart Outlets
- Smart Dimmers
- Smart Thermostat
- Others
- Residential
- Commercial
- Industrial
- US
- Canada
- Mexico
- Rest of North America
- Schneider Electric SE
- Siemens AG
- ABB Ltd.
- Honeywell International, Inc.
- Control4 Corporation (Snap One Holdings Corp.)
- Crestron Electronics, Inc.
- Legrand Group
- Johnson Controls International plc
- Lutron Electronics Co., Inc,
- Leviton Manufacturing Co., Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Smart Wiring Devices Market, by Product Type
- 1.4.2 North America Smart Wiring Devices Market, by Application
- 1.4.3 North America Smart Wiring Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2023, Mar) Leading Players
- Chapter 4. North America Smart Wiring Devices Market by Product Type
- 4.1 North America Smart Switches Market by Country
- 4.2 North America Smart Outlets Market by Country
- 4.3 North America Smart Dimmers Market by Country
- 4.4 North America Smart Thermostat Market by Country
- 4.5 North America Others Market by Country
- Chapter 5. North America Smart Wiring Devices Market by Application
- 5.1 North America Residential Market by Country
- 5.2 North America Commercial Market by Country
- 5.3 North America Industrial Market by Country
- Chapter 6. North America Smart Wiring Devices Market by Country
- 6.1 US Smart Wiring Devices Market
- 6.1.1 US Smart Wiring Devices Market by Product Type
- 6.1.2 US Smart Wiring Devices Market by Application
- 6.2 Canada Smart Wiring Devices Market
- 6.2.1 Canada Smart Wiring Devices Market by Product Type
- 6.2.2 Canada Smart Wiring Devices Market by Application
- 6.3 Mexico Smart Wiring Devices Market
- 6.3.1 Mexico Smart Wiring Devices Market by Product Type
- 6.3.2 Mexico Smart Wiring Devices Market by Application
- 6.4 Rest of North America Smart Wiring Devices Market
- 6.4.1 Rest of North America Smart Wiring Devices Market by Product Type
- 6.4.2 Rest of North America Smart Wiring Devices Market by Application
- Chapter 7. Company Profiles
- 7.1 ABB Ltd.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Product Launches and Product Expansions:
- 7.1.5.2 Acquisition and Mergers:
- 7.1.6 SWOT Analysis
- 7.2 Schneider Electric SE
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
- 7.3 Siemens AG
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.5.2 Product Launches and Product Expansions:
- 7.3.5.3 Acquisition and Mergers:
- 7.3.6 SWOT Analysis
- 7.4 Honeywell International, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.6 SWOT Analysis
- 7.5 Legrand Group
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Regional Analysis
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Product Launches and Product Expansions:
- 7.5.5.2 Acquisition and Mergers:
- 7.6 Johnson Controls International PLC
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental & Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Product Launches and Product Expansions:
- 7.6.5.2 Acquisition and Mergers:
- 7.7 Control4 Corporation (Snap One Holdings Corp.)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Product Launches and Product Expansions:
- 7.8 Lutron Electronics Co., Inc.
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Product Launches and Product Expansions:
- 7.8.2.2 Acquisition and Mergers:
- 7.9 Leviton Manufacturing Co., Inc.
- 7.9.1 Company Overview
- 7.9.2 Recent strategies and developments:
- 7.9.2.1 Partnerships, Collaborations, and Agreements:
- 7.9.2.2 Product Launches and Product Expansions:
- 7.9.2.3 Geographical Expansions:
- 7.10. Crestron Electronics, Inc.
- 7.10.1 Company Overview
- 7.10.2 Recent strategies and developments:
- 7.10.2.1 Product Launches and Product Expansions:
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