Home Electrical Consumables - Global Strategic Business Report

The global market for Home Electrical Consumables is estimated at US$7.2 Billion in 2023 and is projected to reach US$10.1 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the home electrical consumables market is driven by several factors, including rising consumer awareness about energy efficiency, the increasing adoption of smart home technologies, and continuous advancements in electrical safety standards. As consumers become more conscious of their energy consumption and its impact on both the environment and their utility bills, there is a growing preference for energy-efficient products like LED bulbs and smart plugs. The proliferation of smart home devices that offer convenience and remote control capabilities is also fueling demand for compatible electrical consumables. Furthermore, stringent safety regulations and building codes are encouraging homeowners to upgrade their electrical systems with safer, more reliable components. Additionally, the trend towards home improvement and DIY projects, accelerated by increased time spent at home due to the COVID-19 pandemic, has further boosted the market. These factors, combined with ongoing technological innovations, are expected to drive significant growth in the home electrical consumables market in the coming years.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Plugs & Sockets segment, which is expected to reach US$8.4 Billion by 2030 with a CAGR of a 5.1%. The Extension Cords segment is also set to grow at 4.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.0 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $2.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Home Electrical Consumables Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Home Electrical Consumables Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Home Electrical Consumables Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 51 Featured):

• ABB Ltd.
• Eaton Corporation Plc
• Emerson Electric Co.
• Foshan City Kingsun Electrical Co., Ltd
• Guangdong Futina Electrical Co., Ltd
• Hangzhou Hongshi Electrical co., Ltd
• Havells India Ltd.
• Koninklijke Philips NV
• Legrand Australia Pty., Ltd.
• Norisys Technology Private Limited
• Schneider Electric
• Wenzhou Anssin Electric Co., Ltd
• Wenzhou Korlen Electric Appliances Co.,Ltd.
• Wenzhou Lamnbro Electric Co.,Ltd.
• Wenzhou Walton Electrical Co., Ltd.;