Learn about the global electrical equipment market through The Business Research Company, which provides information on electrical equipment market size, electrical equipment market drivers and restraints, electrical equipment market players, the COVID-19 impact on the electrical equipment market, and more.

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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 electrical equipment market is expected to reach $1661.61 billion in 2025 at a CAGR of 7%

The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipments. This is expected to increase the demand for electronic products which will ultimately drive the growth of electronic equipment manufacturing market during the forecast period.

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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.

Global electrical equipment market segments include:

By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables

By End-Use: B2B, B2C

By Sales Channel: OEM, Aftermarket

By Mode: Online, Offline

Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fibre Optical Cable

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 was the largest region in the global electrical equipment market, accounting for 45% of the market in 2020.

Increasing use of portable electronic devices such as smart phones and tablets 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.

TBRC’s electrical equipment market report covers:

Major Market Players: 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)

The Electrical Equipment 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 equipment market overviews, analyses and forecasts market size, share, electrical equipment market players, electrical equipment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electrical equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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General Electrical Equipment And Components Global Market Report 2020

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