The Asia Pacific Smart Wiring Devices Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).
The availability of a smart device application for download is one of the best characteristics of smart switches. The application enables individuals to operate the lights directly wired to the switch from their smartphone, laptop, or other mobile devices. This assures that they will never need to use the physical switch to switch the lights on or off if they're away from home, whether at work or traveling; they can simply turn on or off the lights to make it seem like they are present.
Smart homes are all about efficiency, optimization, and ease. Lowering energy costs typically requires a proactive approach rather than a "set it and forget it" method. The majority of smart wiring equipment, including Wi-Fi outlets and smart thermostats, may be monitored and programmed by the user to meet their demands and maximize performance. In addition to being remote-controllable, intelligent thermostats provide consumption and performance data. This real-time data is beneficial and assists users in comprehending system performance, allowing them to maximize efficiency and reduce overall utility expenses.
The foundation of the Smart Cities Mission of the Indian government is a comprehensive, long-term development plan. The mission's objective is to create a repeatable model that will hasten the development of other regions of the country's Smart Cities. Also, in 2015, the Indian government launched the 100 Smart Cities project. With the intention of becoming a global digital hub, Singapore's government released a Smart Nation Plan in 2017. In addition, the administration is working on using internet of things solutions to enhance city living. According to estimates, all of these smart city projects will aid in expanding the APAC region's market for smart wiring devices.
The China market dominated the Asia Pacific Smart Wiring Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,247.5 Million by 2028. The Japan market is estimated to grow a CAGR of 10.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 11.7% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Wiring Devices Market is Projected to reach USD 14.4 Billion by 2028, at a CAGR of 10.6%
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
By Application
- Residential
- Commercial
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Wiring Devices Market, by Product Type
1.4.2 Asia Pacific Smart Wiring Devices Market, by Application
1.4.3 Asia Pacific 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. Asia Pacific Smart Wiring Devices Market by Product Type
4.1 Asia Pacific Smart Switches Market by Country
4.2 Asia Pacific Smart Outlets Market by Country
4.3 Asia Pacific Smart Dimmers Market by Country
4.4 Asia Pacific Smart Thermostat Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Smart Wiring Devices Market by Application
5.1 Asia Pacific Residential Market by Country
5.2 Asia Pacific Commercial Market by Country
5.3 Asia Pacific Industrial Market by Country
Chapter 6. Asia Pacific Smart Wiring Devices Market by Country
6.1 China Smart Wiring Devices Market
6.1.1 China Smart Wiring Devices Market by Product Type
6.1.2 China Smart Wiring Devices Market by Application
6.2 Japan Smart Wiring Devices Market
6.2.1 Japan Smart Wiring Devices Market by Product Type
6.2.2 Japan Smart Wiring Devices Market by Application
6.3 India Smart Wiring Devices Market
6.3.1 India Smart Wiring Devices Market by Product Type
6.3.2 India Smart Wiring Devices Market by Application
6.4 South Korea Smart Wiring Devices Market
6.4.1 South Korea Smart Wiring Devices Market by Product Type
6.4.2 South Korea Smart Wiring Devices Market by Application
6.5 Singapore Smart Wiring Devices Market
6.5.1 Singapore Smart Wiring Devices Market by Product Type
6.5.2 Singapore Smart Wiring Devices Market by Application
6.6 Malaysia Smart Wiring Devices Market
6.6.1 Malaysia Smart Wiring Devices Market by Product Type
6.6.2 Malaysia Smart Wiring Devices Market by Application
6.7 Rest of Asia Pacific Smart Wiring Devices Market
6.7.1 Rest of Asia Pacific Smart Wiring Devices Market by Product Type
6.7.2 Rest of Asia Pacific 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:
TABLE 1 Asia Pacific Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Wiring Devices Market
TABLE 4 Product Launches And Product Expansions– Smart Wiring Devices Market
TABLE 5 Acquisition and Mergers– Smart Wiring Devices Market
TABLE 6 Geographical Expansions– Smart Wiring Devices Market
TABLE 7 Asia Pacific Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Smart Switches Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Smart Switches Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Smart Outlets Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Smart Outlets Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Smart Dimmers Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Smart Dimmers Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Smart Thermostat Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Smart Thermostat Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Smart Wiring Devices Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Smart Wiring Devices Market by Country, 2022 - 2028, USD Million
TABLE 29 China Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 30 China Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 31 China Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 32 China Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 33 China Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 34 China Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 35 Japan Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 36 Japan Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 37 Japan Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 38 Japan Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 39 Japan Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 40 Japan Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 41 India Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 42 India Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 43 India Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 44 India Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 45 India Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 46 India Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 47 South Korea Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 48 South Korea Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 49 South Korea Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 50 South Korea Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 51 South Korea Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 52 South Korea Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 53 Singapore Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 54 Singapore Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 55 Singapore Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Singapore Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Singapore Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 58 Singapore Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 59 Malaysia Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 60 Malaysia Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 61 Malaysia Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Malaysia Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Malaysia Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 64 Malaysia Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of Asia Pacific Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 66 Rest of Asia Pacific Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 67 Rest of Asia Pacific Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 68 Rest of Asia Pacific Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 69 Rest of Asia Pacific Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 70 Rest of Asia Pacific Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 71 Key Information – ABB Ltd
TABLE 72 Key information – Schneider Electric SE
TABLE 73 Key Information – Siemens AG
TABLE 74 Key Information – Honeywell International, Inc.
TABLE 75 key Information – Legrand Group
TABLE 76 Key Information – Johnson Controls International PLC
TABLE 77 Key Information – Control4 Corporation
TABLE 79 Key Information – Leviton Manufacturing Co., Inc.
TABLE 80 KEY INFORMATION – Crestron Electronics, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2023, Mar) Leading Players
FIG 5 Recent strategies and developments: ABB Ltd.
FIG 6 SWOT Analysis: ABB Ltd
FIG 7 Recent strategies and developments: Schneider Electric SE
FIG 8 Swot analysis: Schneider Electric SE
FIG 9 Recent strategies and developments: Siemens AG
FIG 10 Swot analysis: Siemens AG
FIG 11 Swot analysis: Honeywell international, inc.
FIG 12 Recent strategies and developments: Legrand S.A.
FIG 13 Recent strategies and developments: Johnson Controls International PLC
FIG 14 Recent strategies and developments: Lutron Electronics Co., Inc.
FIG 15 Recent strategies and developments: Leviton Manufacturing Co., Inc.