The Europe Smart Wiring Devices Market would witness market growth of 10.1% CAGR during the forecast period (2022-2028).
Demand for wiring devices is mainly driven by the increasing popularity of smart city initiatives, which are currently implemented in the Germany, and the United Kingdom. Supporting smart city initiatives and vying for a larger market share are numerous established firms. In addition, between companies and residences, innumerable utilities are already connected via foundations. With many clients interested in installing smart wiring devices, market-active enterprises are investing and focusing on providing more complex goods.
Smart switches are most appropriate when there are numerous ceiling lights in one or more rooms. Smart switches link to a home's Wi-Fi network and can manage the lights via a smartphone, tablet, or voice-activated smart speaker. It consists of light, motion, and touchscreen sensors that may be used for operations like automatically switching on the lights when motion is detected, adjusting the lights & dimmer, and receiving notifications when away from home.
The Manchester Digital Development Agency (MDDA) is responsible for the city's smart initiatives, consistent with the 2008-launched Manchester Digital Strategy. MDDA focuses on programs that prioritize people. They include efforts that promote digital inclusivity (including Go ON Manchester and EastServe), stimulate the development of open data apps via Hackathons, and promote citizen participation in the city's future planning (through the Manchester Living Lab). Also, the city has carried out various EU-funded initiatives, notably DEHEMS58. In addition, it is partnering with some EU cities and programs, including the European Network of Living Labs and the European Connected Smart Cities network. These ongoing smart city projects present growth prospects for the market for smart wiring devices in Europe.
The Germany market dominated the Europe Smart Wiring Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $982.6 Million by 2028. The UK market is anticipated to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Wiring Devices Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Smart Wiring Devices Market, by Product Type
1.4.2 Europe Smart Wiring Devices Market, by Application
1.4.3 Europe 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. Europe Smart Wiring Devices Market by Product Type
4.1 Europe Smart Switches Market by Country
4.2 Europe Smart Outlets Market by Country
4.3 Europe Smart Dimmers Market by Country
4.4 Europe Smart Thermostat Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Smart Wiring Devices Market by Application
5.1 Europe Residential Market by Country
5.2 Europe Commercial Market by Country
5.3 Europe Industrial Market by Country
Chapter 6. Europe Smart Wiring Devices Market by Country
6.1 Germany Smart Wiring Devices Market
6.1.1 Germany Smart Wiring Devices Market by Product Type
6.1.2 Germany Smart Wiring Devices Market by Application
6.2 UK Smart Wiring Devices Market
6.2.1 UK Smart Wiring Devices Market by Product Type
6.2.2 UK Smart Wiring Devices Market by Application
6.3 France Smart Wiring Devices Market
6.3.1 France Smart Wiring Devices Market by Product Type
6.3.2 France Smart Wiring Devices Market by Application
6.4 Russia Smart Wiring Devices Market
6.4.1 Russia Smart Wiring Devices Market by Product Type
6.4.2 Russia Smart Wiring Devices Market by Application
6.5 Spain Smart Wiring Devices Market
6.5.1 Spain Smart Wiring Devices Market by Product Type
6.5.2 Spain Smart Wiring Devices Market by Application
6.6 Italy Smart Wiring Devices Market
6.6.1 Italy Smart Wiring Devices Market by Product Type
6.6.2 Italy Smart Wiring Devices Market by Application
6.7 Rest of Europe Smart Wiring Devices Market
6.7.1 Rest of Europe Smart Wiring Devices Market by Product Type
6.7.2 Rest of Europe 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 Europe Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 2 Europe 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 Europe Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 8 Europe Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 9 Europe Smart Switches Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Smart Switches Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Smart Outlets Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Smart Outlets Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Smart Dimmers Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Smart Dimmers Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Smart Thermostat Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Smart Thermostat Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 20 Europe Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 21 Europe Residential Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Residential Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Smart Wiring Devices Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Smart Wiring Devices Market by Country, 2022 - 2028, USD Million
TABLE 29 Germany Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 30 Germany Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 31 Germany Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 32 Germany Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Germany Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 34 Germany Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 35 UK Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 36 UK Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 37 UK Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 38 UK Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 39 UK Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 40 UK Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 41 France Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 42 France Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 43 France Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 44 France Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 45 France Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 46 France Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 47 Russia Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 48 Russia Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 49 Russia Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 50 Russia Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 51 Russia Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 52 Russia Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 53 Spain Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 54 Spain Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 55 Spain Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Spain Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Spain Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 58 Spain Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 59 Italy Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 60 Italy Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 61 Italy Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Italy Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Italy Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 64 Italy Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of Europe Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 66 Rest of Europe Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 67 Rest of Europe Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 68 Rest of Europe Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 69 Rest of Europe Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 70 Rest of Europe 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.