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

The electrical and electronics market size is expected to grow from $3,192.85 billion in 2021 to $3,521.21 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The growth in the market 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 and electronic market is expected to reach $5,031.57 billion in 2026 at a CAGR of 9.3%.

The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electrical and electronics products.

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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.

Global Electrical And Electronics Market Segments Include:

By Type: Electrical Equipment, Measuring and Control Instruments, Electronic Products

By End-Use: B2B, B2C

By Sales Channel: OEM, Aftermarket

By Mode: Online, Offline

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, Electromedical and Control Instruments, Audio and Video Equipment, Semiconductor and Other Electronic Components

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 electrical and electronics market in 2021.

Virtual reality technology is 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.

TBRC’s electrical and electronics market report covers:

Major Market Players: Samsung Electronics Co. Ltd., Siemens AG, LG Electronics, Taiwan Semiconductor Mfg. Co ltd, Panasonic Corporation, Thermo Fisher Scientific, Apple, Haier Smart Home Co., Ltd., Schneider Electric SE, and SK Hynix Inc.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Electrical And Electronics Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

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

Here Is A List Of Similar Reports From The Business Research Company:

Electrical Equipment Global Market Report 2022

Electronic Products Global Market Report 2022

Measuring And Control Instruments Global Market Report 2022

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