The global market for Home Electrical Consumables was valued at US$7.6 Billion in 2024 and is projected to reach US$10.1 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly influenced the home electrical consumables market, leading to the development of smarter, more efficient, and safer products. Smart home technologies, which integrate devices via the Internet of Things (IoT), have driven the demand for advanced electrical consumables. Smart plugs, switches, and bulbs that can be controlled remotely via smartphones or voice assistants are becoming increasingly popular. Additionally, the shift towards renewable energy sources has spurred the adoption of solar-powered batteries and energy-efficient lighting solutions. Enhanced safety standards and regulations have also resulted in the production of higher-quality electrical consumables that offer better protection against electrical hazards, such as surge protectors and circuit breakers with advanced trip mechanisms. These innovations are not only improving the functionality and efficiency of household electrical systems but also contributing to overall home safety.
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.
Home Electrical Consumables - Key Trends and Drivers
Home electrical consumables encompass a wide range of products essential for the maintenance, repair, and enhancement of residential electrical systems. These include items such as light bulbs, batteries, fuses, switches, sockets, extension cords, and wiring accessories. These products are integral to ensuring the safe and efficient operation of household electrical appliances and systems. Light bulbs, for instance, have evolved significantly, with energy-efficient LED options becoming the standard choice for most households due to their longevity and reduced power consumption. Similarly, modern switches and sockets come with enhanced safety features and aesthetic designs that complement contemporary home interiors. The diversity and availability of these consumables make them indispensable for both routine home maintenance and DIY projects.Technological advancements have significantly influenced the home electrical consumables market, leading to the development of smarter, more efficient, and safer products. Smart home technologies, which integrate devices via the Internet of Things (IoT), have driven the demand for advanced electrical consumables. Smart plugs, switches, and bulbs that can be controlled remotely via smartphones or voice assistants are becoming increasingly popular. Additionally, the shift towards renewable energy sources has spurred the adoption of solar-powered batteries and energy-efficient lighting solutions. Enhanced safety standards and regulations have also resulted in the production of higher-quality electrical consumables that offer better protection against electrical hazards, such as surge protectors and circuit breakers with advanced trip mechanisms. These innovations are not only improving the functionality and efficiency of household electrical systems but also contributing to overall home safety.
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.
Report Scope
The report analyzes the Home Electrical Consumables market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Product (Plugs & Sockets, Extension Cords).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.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%. The Extension Cords segment is also set to grow at 4.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $2 Billion in 2024, and China, forecasted to grow at an impressive 8% CAGR to reach $2.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 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., Foshan City Kingsun Electrical Co., Ltd, Guangdong Futina Electrical Co., Ltd and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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?
Some of the 51 major companies featured in this Home Electrical Consumables market report include:
- 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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 7.6 Billion |
| Forecasted Market Value ( USD | $ 10.1 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
