According to this report the global smart wiring devices market was valued at $7.4 billion in 2021, and is estimated to reach $21.9 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031.

These changes make it possible to replace bulky and heavy control systems with dramatically more compact and lightweight electrical wiring, saving space and – critically, for fuel efficiency – weight.

According to the report, the global smart wiring devices market was valued at $8.1 billion in 2022 and is projected to reach $24.8 billion by 2032, registering a CAGR of 11.9% from 2023 to 2032.

Square D Wiring Devices by Schneider Electric are uniquely designed and raise the bar on style, convenience and connectivity. MISSISAUGA, ON, May 17, 2021 /CNW/ - Schneider Electric, a global ...