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The rapid pace of innovations in electrical equipment technologies is stimulating consistent demand for newer and faster electrical equipment and applications, as per The Business Research Company’s electrical equipment market opportunities and strategies report.

The electrical equipment market is expected to reach $1.66 trillion in 2025. The global electrical equipment market is expected to reach $2.24 trillion in 2030, at a CAGR of 6.2%.

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Major players in the electrical equipment market include Panasonic Corporation, Samsung Electronics Co Ltd, Whirlpool Corporation, Schneider Electric, Siemens AG.

Electrical equipment manufacturers are increasingly producing energy-efficient products to reduce environmental footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. This results in significant cost savings for consumers. All major appliances such as refrigerators, washing machines, dishwashers, and water heaters are available with energy efficiency ratings. Currently, over 80 countries have standards and labels for energy efficient appliances.

The Global Electrical Equipment Market Is Segmented:
By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cable

By End-Use: Business To Business (B2B) And Business To Customer (B2C)

By Sales Channel: OEM And Aftermarket

By Mode: Online And Offline

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s Electrical Equipment Market Report Covers:

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 Equipment Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough electrical equipment market research, analyzes and forecasts electrical equipment market size, electrical equipment market share, electrical equipment market players, electrical equipment market trends, electrical equipment market segmentation 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.

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. This electrical equipment industry comprises establishments primarily engaged in wholesale distribution of electrical construction materials, wiring supplies, electric light fixtures, light bulbs, household appliances, and electrical power equipment for generation, transmission, distribution and control of electric energy.

View Similar Reports From The Business Research Company:

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