DUBLIN–(BUSINESS WIRE)–The “Global Electrical Equipment Market Report 2021: Impact of COVID-19 and Recovery to 2030” report has been added to from ResearchAndMarkets.com offer.
Major companies in the electrical equipment market include Panasonic Corporation; Samsung Electronics Co Ltd; ABB Ltd; Sumitomo Electric Industries Ltd and Toshiba Corporation.
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 market is expected to reach $1,661.61 billion in 2025 with a CAGR of 7%.
The electrical equipment market includes sales of products that generate, distribute and use electrical energy by entities (organizations, sole proprietorships and partnerships) that manufacture products that generate, distribute and use electrical energy. The electrical equipment market is segmented into electrical lighting equipment; household appliances; energy production, transmission and control; batteries and wires and cables.
Asia-Pacific was the largest region in the global electrical equipment market, accounting for 45% of the market in 2020. Western Europe was the second largest region, accounting for 22% of the global electrical equipment market. Africa was the smallest region in the global electrical equipment market.
The increasing use of portable electronic devices such as smart phones and tablets has led to the development of USB outlets. USB outlets provide convenient access for charging any type of electronic device. Using USB outlets also eliminates the need to carry charging adapters.
For example, EATON manufactures USB outlets that have tamper-resistant shutters and LED lights and can be used to charge electronic devices such as tablets, cell phones, cameras and MP3 players. For example, some of the major companies that manufacture USB outlets include Eaton, GE, and Philips.
The rapid pace of innovations in electronic technology is driving a constant demand for newer and faster electronic equipment. Technology development is essential to attract both consumers and business users to replace or upgrade older products with advanced versions.
Digital technologies such as the Internet of Things (IoT) and the latest communication technologies such as 5G are expected to contribute to the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of the electronic equipment manufacturing market over the forecast period.
Main topics covered:
2. Structure of the report
3. Characteristics of the electrical equipment market
3.1. Market definition
3.2. Key segments
4. Product Analysis of Electrical Equipment Market
4.1. Featured products/services
4.2. Key Features and Differentiators
4.3. Development products
5. Electrical Equipment Market Supply Chain
5.1. Supply chain
5.3. End customers
6. Electrical Equipment Market Customer Information
6.1. Customer preferences
6.2. End-use market size and growth
7. Electrical Equipment Market Trends and Strategies
8. Impact of COVID-19 on electrical equipment
9. Electrical Equipment Market Size and Growth
9.1. Market size
9.2. Historical Market Growth, Value (Billions of dollars)
9.2.1. Market Drivers
9.2.2. Market Constraints
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market Drivers
9.3.2. Market Constraints
10. Electrical Equipment Market Regional Analysis
10.1. Global Electrical Equipment Market, 2020, by Region, Value (USD Billion)
10.2. Global Electrical Equipment Market, 2015-2020, 2020-2025F, 2030F, Historical & Forecast, By Region
10.3. Global Electrical Equipment Market Comparison, Growth and Market Share, by Region
11. Electrical Equipment Market Segmentation
11.1. Global Electrical Equipment Market, Segmentation by Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
Electric lighting equipment
Energy generation, transmission and control equipment
wires and cables
11.2. Global Electrical Equipment Market, Segmentation by End Use, History and Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
11.3. Global electrical equipment market, segmentation by sales channel, history and forecast, 2015-2020, 2020-2025F, 2030F, billion dollars
11.4. Global Electrical Equipment Market, Segmentation by Mode, History and Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
12. Electrical Equipment Market Segments
12.1. Global Electric Lighting Equipment Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – General Lighting; Automotive lighting; Rear lighting
12.2. Global Home Appliances Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Small Electrical Appliance; household cooking appliance; Domestic refrigerator and domestic freezer; household laundry equipment; Other major appliances
12.3. Global Power Generation, Transmission and Control Equipment Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Transformer; Electric motor and generator; switchgear and distribution board; Industrial relays and controls
12.4. Global Battery Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Secondary Batteries; Primary batteries
12.5. Global Wire and Cable Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Other Cables; coaxial cables; fiber optic cable
13. Electrical Equipment Market Metrics
13.1. Electrical equipment market size, percentage of GDP, 2015-2025, global
13.2. Average per capita expenditure in the electrical equipment market, 2015-2025, world
Samsung Electronics Co Ltd
Sumitomo Electric Industries Ltd
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