Global Light Switches and Electrical Sockets Market Growth 2023-2029

Global Light Switches and Electrical Sockets Market Growth 2023-2029

This report studies the Light Switches and Electrical Sockets market. In electrical wiring, a light switch is a switch, most commonly used to operate electric lights, permanently connected equipment, or electrical outlets. Electrical sockets are devices that allow electrically operated equipment to be connected to the primary power supply in a building.
LPI (LP Information)' newest research report, the “Light Switches and Electrical Sockets Industry Forecast” looks at past sales and reviews total world Light Switches and Electrical Sockets sales in 2022, providing a comprehensive analysis by region and market sector of projected Light Switches and Electrical Sockets sales for 2023 through 2029. With Light Switches and Electrical Sockets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Light Switches and Electrical Sockets industry.
This Insight Report provides a comprehensive analysis of the global Light Switches and Electrical Sockets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Light Switches and Electrical Sockets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Light Switches and Electrical Sockets market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Light Switches and Electrical Sockets and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Light Switches and Electrical Sockets.
The global Light Switches and Electrical Sockets market size is projected to grow from US$ 15710 million in 2022 to US$ 21770 million in 2029; it is expected to grow at a CAGR of 21770 from 2023 to 2029.
Global Light Switches and Electrical Sockets key players include legrand, Schneider, Siemens, etc. Global top three manufacturers hold a share over 30%.
China is the largest market, with a share about 25%, followed by North America and Europe, both have a share over 40 percent.
In terms of product, Electrical Sockets is the largest segment, with a share about 55%. And in terms of application, the largest application is Residential Use, followed by Commercial Use, Industrial Use, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Light Switches and Electrical Sockets market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Light Switches
Electrical Sockets
Others
Segmentation by application
Residential Use
Commercial Use
Industrial Use
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Legrand
Schneider
Siemens
ABB
Panasonic
Honeywell
BULL
Leviton
Simon
Lutron
T&J
Feidiao Electrical
Vimar SpA
Hubbell
SOBEN
Key Questions Addressed in this Report
What is the 10-year outlook for the global Light Switches and Electrical Sockets market?
What factors are driving Light Switches and Electrical Sockets market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Light Switches and Electrical Sockets market opportunities vary by end market size?
How does Light Switches and Electrical Sockets break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.