However, as economic conditions normalise and commercial activities resume, the market is expected to recover by 2022 and grow thereafter due to rising investments in public infrastructure and residential projects, which are expected to strengthen the wiring devices market during the forecast period. The outbreak of COVID-19 in 2020 resulted in decline of market revenues due to curtailment measures including nation-wide lockdowns, which in turn led to supply chain disruptions. Malaysia Wiring Devices Market revenue size is projected to grow at a CAGR of 6.5% during 2021-2027 11, 2022 /PRNewswire/ - The "Malaysia Wiring Devices Market Outlook (2021-2027): Market Forecast By Types (Switches, Sockets, Wire Connectors & Others), By Verticals (Residential, Commercial, Industrial & Public And Transport Infrastructure) And Competitive Landscape" report has been added to 's offering. To make this possible, we work closely with our customers and partners in ecosystems and on cloud-based platforms.DUBLIN, Oct. Optimized to meet the specific needs of each industry, they support our customers in shortening their development times and increasing the flexibility, productivity, and environmental efficiency of their production processes. It offers enterprises of every size and type products, end-to-end solutions, and services for integrating and digitalizing the entire value chain. The heart of our offering is our Digital-Enterprise-Portfolio. An Internet that covers the entire value chain, from shop floor to top floor, from sensors to the cloud. This way, we bring together processes that previously ran separately into one continuous flow of data, thus enabling the industrial Internet of Things. We help our customers to fully exploit the potential of data for their company by connecting the real and digital worlds and combining the power of hardware and software. Only by effectively using infinitely available data can we save our finite resources and make confident business decisions. These highly complex challenges are better mastered by industrial companies that fully digitalize and automate their processes – and efficiently utilize the resulting data. The industrial world is facing monumental challenges: rapidly changing market conditions, a soaring global population requiring dependable supplies, and simultaneously, an increasingly urgent need for greater sustainability.
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