The global smart wiring devices market is anticipated to grow at a CAGR of 12.4 % during the forecast period (2023-2030). Smart devices are increasingly used in various sectors, including residential automation, commercial buildings, hospitality, healthcare, industrial sectors, educational institutions, and government and public infrastructure. They provide automation, security systems, energy management, lighting controls, and lighting control in various settings, such as homes, offices, retail stores, hospitals, healthcare facilities, warehouses, logistics centers, schools, and universities. These devices enhance safety, efficiency, and modernization in various sectors. The market’s growth is attributed to increased demand for smart home integration across the globe. Smart home compatibility and simpler installation procedures cater to the increased demand for effectively connected smart devices inside home automation systems. For instance, in September 2021, Schneider Electric, unveiled the Square D X and XD Series connected wiring devices to the public. The X Series is loaded with features, such as simple installation, a redesigned modern perceive, and smart home compatibility. The XD Series carries that one step further by offering a more convenience choice with extra design features, a variety of colors, and a more sophisticated cover plate option that is easily interchangeable.
Browse the full report description of “Smart Wiring Devices Market Size, Share & Trends Analysis Report by Product Type (Smart Switches, Smart Dimmers, Smart Thermostats, Smart Outlets/Plugs, and Others), and by End-User (Residential Sector, Commercial Buildings, Industrial Sector, Government and Public Infrastructure, and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/smart-wiring-devices-market
Furthermore, the solution offers a simplified installation process, reducing deployment time and effort for installers, thus improving overall efficiency in their operations. In March 2022, Honeywell launched MK Essentials I-Series, a new range of wiring devices. MK Essentials I-Series features a contemporary design at an affordable price. The new I-Series is designed to fulfill the needs of consultants and contractors while also providing reliability and performance. The simple-to-install device can be distributed through a large network of distributors, providing installers across the country with a solution for every budget.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Bio-Rad Laboratories, Inc., Danaher Corp, DNASTAR, Huawei Technologies Co. Ltd, Illumina, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Smart Wiring Devices Market Report Segment
By Product Type
By End-User
Global Smart Wiring Devices Market Report Segment by Region
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
• Latin America
• Middle East & Africa
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