The Global Electrical Equipment Market Report by The Business Research Company covers electrical equipment market drivers and restraints, electrical equipment market size, major players, and the impact of COVID-19 on the electrical equipment market.
The electrical equipment market consists of sales of products that generate, distribute and use electrical power by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power. The electrical equipment market is segmented into electric lighting equipment; household appliances; power generation, transmission and control; batteries and wires and cables.
The global electrical equipment market is expected to grow from $1179.97 billion in 2020 to $1271.11 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. 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 $1661.61 billion in 2025 at a CAGR of 7%.
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Some electrical equipment market trends include increasing use of portable electronic devices such as smart phones and tablets which has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters.
Global electrical equipment market segments include:
1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables
2) By End-Use: B2B, B2C
3) By Sales Channel: OEM, Aftermarket
4) By Mode: Online, Offline
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 equipment market, accounting for 45.1% of the total in 2020.
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The Electrical Equipment Market – By Type (Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables), By End-Use (Business To Business (B2B) And Business To Customer (B2C)), By Sales Channel (OEM And Aftermarket), By Mode (Online And Offline) And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides electrical equipment market overviews, analyzes and forecasts market size, share, electrical equipment market players, electrical equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The electrical equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Electrical Equipment Market – Opportunities And Strategies – Global Forecast 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: Panasonic Corporation; Samsung Electronics Co Ltd; ABB Ltd; Sumitomo Electric Industries Ltd; Toshiba Corporation.
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 Equipment 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 Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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