The Latin America, Middle East and Africa Smart Wiring Devices Market would witness market growth of 14.0% CAGR during the forecast period (2022-2028).
Numerous nations are rapidly urbanizing and electrifying themselves and undergoing rapid development. Countries such as India, where urbanization is accelerating, are erecting residential complexes and hotels and focusing on tourism. These operations increase electrification, driving the market growth for smart wiring devices. As a result, electricity usage has reached a record level, increasing consumer and private expenditures. With the increase in building activities, the demand for wiring devices has also increased, boosting the market for smart wiring devices.
Safe and dependable operations are one of the advantages associated with smart wiring device technology. Customers view receptacle wiring devices as a more cost-effective application solution because they enable safe and dependable operations. Before plugs are removed, safety shutters on electrical outlets close automatically.
The region's emphasis on the tourism & real estate markets is the primary factor contributing to the rise of the smart home sector. One of the global industries with the quickest growth rates is the Middle Eastern real estate market. Foreign real estate developers have invested large sums of money in countries like Saudi Arabia, Oman, Qatar, Dubai, and others, which has fueled the expansion of the smart house concept in this region, a popular tourist destination. Dubai is becoming the destination that tourists prefer more than any other. Visitors to the region are attracted by several well-known structures, including Burj Al Arab and Burj Khalifa. This is expected to benefit the LAMEA region's market for smart wiring devices.
The Brazil market dominated the LAMEA Smart Wiring Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $273.9 Million by 2028. The Argentina market is experiencing a CAGR of 14.6% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 13.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Smart Wiring Devices Market, by Product Type
1.4.2 LAMEA Smart Wiring Devices Market, by Application
1.4.3 LAMEA 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. LAMEA Smart Wiring Devices Market by Product Type
4.1 LAMEA Smart Switches Market by Country
4.2 LAMEA Smart Outlets Market by Country
4.3 LAMEA Smart Dimmers Market by Country
4.4 LAMEA Smart Thermostat Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Smart Wiring Devices Market by Application
5.1 LAMEA Residential Market by Country
5.2 LAMEA Commercial Market by Country
5.3 LAMEA Industrial Market by Country
Chapter 6. LAMEA Smart Wiring Devices Market by Country
6.1 Brazil Smart Wiring Devices Market
6.1.1 Brazil Smart Wiring Devices Market by Product Type
6.1.2 Brazil Smart Wiring Devices Market by Application
6.2 Argentina Smart Wiring Devices Market
6.2.1 Argentina Smart Wiring Devices Market by Product Type
6.2.2 Argentina Smart Wiring Devices Market by Application
6.3 UAE Smart Wiring Devices Market
6.3.1 UAE Smart Wiring Devices Market by Product Type
6.3.2 UAE Smart Wiring Devices Market by Application
6.4 Saudi Arabia Smart Wiring Devices Market
6.4.1 Saudi Arabia Smart Wiring Devices Market by Product Type
6.4.2 Saudi Arabia Smart Wiring Devices Market by Application
6.5 South Africa Smart Wiring Devices Market
6.5.1 South Africa Smart Wiring Devices Market by Product Type
6.5.2 South Africa Smart Wiring Devices Market by Application
6.6 Nigeria Smart Wiring Devices Market
6.6.1 Nigeria Smart Wiring Devices Market by Product Type
6.6.2 Nigeria Smart Wiring Devices Market by Application
6.7 Rest of LAMEA Smart Wiring Devices Market
6.7.1 Rest of LAMEA Smart Wiring Devices Market by Product Type
6.7.2 Rest of LAMEA 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 LAMEA Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Smart Switches Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Smart Switches Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Smart Outlets Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Smart Outlets Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Smart Dimmers Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Smart Dimmers Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Smart Thermostat Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Smart Thermostat Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 20 LAMEA Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 21 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Smart Wiring Devices Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Smart Wiring Devices Market by Country, 2022 - 2028, USD Million
TABLE 29 Brazil Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 30 Brazil Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 31 Brazil Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 32 Brazil Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Brazil Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 34 Brazil Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 35 Argentina Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 36 Argentina Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 37 Argentina Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 38 Argentina Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 39 Argentina Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 40 Argentina Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 41 UAE Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 42 UAE Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 43 UAE Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 44 UAE Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 45 UAE Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 46 UAE Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 47 Saudi Arabia Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 48 Saudi Arabia Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 53 South Africa Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 54 South Africa Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 55 South Africa Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 56 South Africa Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 57 South Africa Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 58 South Africa Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 59 Nigeria Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 60 Nigeria Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 61 Nigeria Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Nigeria Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Nigeria Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 64 Nigeria Smart Wiring Devices Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of LAMEA Smart Wiring Devices Market, 2018 - 2021, USD Million
TABLE 66 Rest of LAMEA Smart Wiring Devices Market, 2022 - 2028, USD Million
TABLE 67 Rest of LAMEA Smart Wiring Devices Market by Product Type, 2018 - 2021, USD Million
TABLE 68 Rest of LAMEA Smart Wiring Devices Market by Product Type, 2022 - 2028, USD Million
TABLE 69 Rest of LAMEA Smart Wiring Devices Market by Application, 2018 - 2021, USD Million
TABLE 70 Rest of LAMEA 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.