The Business Research Company Global Electrical Equipment Market Report 2022 – Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, March 18, 2022 /EINPresswire.com/ — According to the “Global Electrical Equipment Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the electrical equipment market the size is expected to grow from $1,384.97 billion in 2021 to $1,540.25 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The growth of the market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and closure of business activities which resulted in operational challenges. The electrical equipment market is expected to reach $2,273.74 billion in 2026 with a CAGR of 10.2%. The rapid pace of innovations in electronic technology is driving a steady demand for newer and faster growth in the electrical equipment industry.
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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.
Global Electrical Equipment Market Trends
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.
The global electrical equipment market is segmented:
By type: electrical 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
Sub-segments Covered: General Lighting, Automobile Lighting, Backlight, Small Electric Appliance, Home Cooking Appliance, Home Refrigerator & Home Freezer, Home Laundry Equipment, Other Major Home Appliance, Transformer, Electric Motor & Generator, Switchgear and switchboard, relays and industry Controls, Secondary batteries, Primary batteries, Other cables, Coaxial cables, Fiber optic cable
By Geography: The global electrical equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
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The Global Electrical Equipment Market Report 2022 is part of a series of new reports from The Business Research Company that provides global electrical equipment market overview, global electrical equipment market analysis and forecasts size and growth of the global electrical equipment market, the global electrical equipment market share, segments and geographies of the global electrical equipment market, global electrical equipment market players, revenue, profiles and market shares of the main competitors in the global electrical equipment market electrical. The Electrical Equipment Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
The 2022 report on the global TBRC electrical equipment market includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries Ltd, and Whirlpool Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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