Faceplates Market Analysis

The faceplates market is segmented by product type into socket faceplates, switch panels, ethernet wall plates and others. Additionally, the market is also segmented by application into residential, commercial and industrial, out of which, the commercial segment is anticipated to hold the largest market share by the end of 2021. The growth of the segment can be attributed to the growing need for offices and working complexes for employment amongst the rising population. Moreover, the rising development of smart buildings on the back of growing investments for smart cities, is also estimated to boost the growth of the segment during the forecast period. Research from secondary sources stated that as of 2020, the total expenditure for the development of smart cities from both public and private companies was valued over USD 600 billion. 

 Our in-depth analysis of the global faceplates market includes the following segments