Global Electrical And Electronics Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Electrical And Electronics Market Report by The Business Research Company covers electrical and electronics market drivers and restraints, electrical and electronics market size, major players, and the impact of COVID-19 on the electrical and electronics market.
The electrical and electronics market consists of sales of products that generate, distribute and use electrical power products by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power, or electronic products such as audio, video and semi-conductors. This market does not include computers, computer peripherals and telecommunications equipment. The electrical and electronics market is segmented into electrical equipment, measuring and control instruments and electronic products.
The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electrical and electronics products. The global electrical and electronics market is expected to grow from $2.83 trillion in 2020 to $3.07 trillion in 2021 at a compound annual growth rate (CAGR) of 8.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.93 trillion in 2025 at a CAGR of 6%.
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Some electrical and electronics market trends include virtual reality technology being adopted by electronic manufacturing companies to improve manufacturing efficiency. This technology in the electronic manufacturing industry is often referred as digital design, simulation and integration. Virtual reality minimizes the scope for product defects in design phase.
Global electrical and electronics market segments include:
1) By Type: Electrical Equipment, Measuring and Control Instruments, Electronic Products.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Nature: Organic, Conventional.
Subsegments Covered: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables, Other Electrical Equipment, Electronic Products And Components, Navigational, Measuring, Electro medical And Control Instruments, Audio And Video Equipment, Semiconductor And Other Electronic Component
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global electrical and electronics market, accounting for 45% of the market.
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The Electrical And Electronics Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides electrical and electronics market overviews, analyzes and forecasts market size, share, electrical and electronics market players, electrical and electronics market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The electrical and electronics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Electrical And Electronics Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Samsung Electronics Co Ltd, Panasonic Corporation, Intel Corporation, Toshiba Corporation, Taiwan Semiconductor Mfg. Co. Ltd
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Electrical And Electronics Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Electrical And Electronics Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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