Global Electrical Equipment Market Opportunities and Strategies to 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Electrical Equipment Market Opportunities and Strategies to 2030: Impact and Recovery from COVID-19” report has been added to from ResearchAndMarkets.com offer.

This report describes and assesses the global electrical equipment market. It covers three five-year periods, including 2015 to 2020, called the historical period, 2020 to 2025, the forecast period, and 2025-2030 the forecast period.

The global electrical equipment market reached a value of nearly $1,180.0 billion in 2020, having grown at a compound annual growth rate (CAGR) of 3.1% since 2015. The market is expected to grow at a CAGR of 7.1% from 2020 to reach $1,662.7 billion. in 2025. The global electrical equipment market is expected to reach $2,248.2 billion in 2030, growing at a CAGR of 6.2%.

Growth during the historical period resulted from economic growth in emerging markets, favorable government initiatives and technological advances. Factors that negatively impacted growth during the historical period were political uncertainties and geopolitical tensions, as well as metal price volatility. Going forward, innovations in electrical equipment, increased investment in energy-efficient infrastructure, and supportive government initiatives will drive growth. Factors that may hamper the growth of the electrical equipment market in the future include coronavirus pandemic, regulatory developments.

The electrical equipment market is segmented by type into electrical lighting equipment, household appliances, power generation, transmission and control equipment, batteries, and wire and cable. The power generation, transmission and control equipment market was the largest segment in the electrical equipment market segmented by type, accounting for 38.2% of the total in 2020. Going forward, the battery segment is expected to to be the fastest growing segment of the electrical equipment market. market, at a CAGR of 9.1% over the period 2020-2025.

The electric lighting equipment market is further segmented into general lighting, automotive lighting, and backlighting. The general lighting market was the largest segment in the electric lighting equipment market segmented by type, accounting for 79.4% of the total in 2020. Going forward, the general lighting segment is expected to be the segment fastest growing electrical lighting equipment market at a CAGR of 7.2% during 2020-2025.

The household appliances market is further segmented into small electrical appliances, household cooking appliances, household refrigerators and freezers, household laundry equipment, and other major household appliances. The household cooking appliances market was the largest segment in the household appliances market segmented by type, accounting for 23.9% of the total in 2020. Going forward, the small electrical appliances segment is expected to be the growing segment the fastest on the market for electrical lighting equipment. , at a CAGR of 10.4% over the period 2020-2025.

The power generation, transmission and control equipment market is further segmented into transformers, motors and generators, switchgears and switchboards, and industrial relays and controls. The transformers market was the largest segment of the power generation, transmission and control equipment market segmented by type, accounting for 7.7% of the total in 2020. Going forward, the switchgear segment and switchboard is expected to be the fastest growing segment of the power generation, transmission and control equipment market, at a CAGR of 8.5% during the period 2020-2025.

The battery market is further segmented into secondary batteries and primary batteries. The secondary battery market was the largest segment of the battery market segmented by type, accounting for 63.4% of the total in 2020. Going forward, the secondary battery segment is expected to be the fastest growing segment in the market batteries, at a CAGR of 9.8% over the period 2020-2025.

The wire and cable market is further segmented into coaxial cables, fiber optic cables, and other cables. The other cables market was the largest segment of the wire and cable market segmented by type, accounting for 69.8% of the total in 2020. Going forward, the fiber optic cable segment is expected to be the fastest growing segment. battery market, growing at a CAGR of 20.8% over the period 2020-2025.

The electrical equipment market is also segmented by business-to-business (B2B) and business-to-customer (B2C) end use. The B2C market was the largest segment of the electrical equipment market segmented by end use, accounting for 66.4% of the total in 2020. Going forward, the B2B segment is expected to be the fastest growing segment of the equipment market electricity, at a CAGR of 9.0% over the period 2020-2025.

The electrical equipment market is also segmented by sales channel into OEM and aftermarket. The OEM market was the largest segment in the electrical equipment market segmented by sales channel, accounting for 68.7% of the total in 2020. Going forward, the OEM segment is expected to be the fastest growing segment in the electrical equipment market. electrical equipment, at a CAGR of 7.3% over the period 2020-2025.

The electrical equipment market is also segmented by online and offline mode. The offline market was the largest segment of the electrical equipment market segmented by mode, accounting for 69.6% of the total in 2020. Going forward, the online segment is expected to be the fastest growing segment of the power equipment market. electrical equipment, at a CAGR of 10.6% over the period 2020-2025.

Main topics covered:

1. Summary of Electrical Equipment Market

2. Table of Contents

3. List of Figures

4. List of tables

5. Structure of the report

6. Presentation

7. Characteristics of the electrical equipment market

8. Electrical Equipment Market, Product/Service Analysis – Examples of Products/Services

9. Electrical Equipment Market, Supply Chain Analysis

10. Electrical Equipment Market Customer Information

11. Electrical Equipment Market Trend Strategies

12. Global Electrical Equipment Market – COVID-19 Impact Recovery Analysis

13. Growth in the size of the global electrical equipment market

14. Electrical Equipment Market, Regional Analysis

15. Global Electrical Equipment Market Segmentation

16. Global Electrical Equipment Market Comparison with Macroeconomic Factors

Companies cited

  • Panasonic Company

  • Samsung Electronics Co Ltd

  • Whirlpool Corporation

  • Schneider-Electric

  • Siemens AG

For more information on this report, visit https://www.researchandmarkets.com/r/6jf4b2