The Electrical Equipment Global Market Report 2023 by The Business Research Company, provides electrical equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Electrical Equipment Global Market Report 2023, the global electrical equipment market size grew from $1503.21 billion in 2022 to $1630.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of electrical equipment is expected to grow to $2190.31 billion in 2027 at a CAGR of 7.7%.
The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipment. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the 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 aid in 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 during the forecast period.
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The electrical equipment market is segmented:
1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables
2) By End-Use: B2B, B2C
3) By Sales Channel: OEM, Aftermarket
4) By Mode: Online, Offline
Top 5 Major Players:
- Samsung Electronics Co. Ltd
- Haier Smart Home Co. Ltd
- Siemens AG
- LG Electronics
- Sumitomo Electric Industries Ltd
Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fiber Optical Cable
The increasing use of portable electronic devices such as smartphones and tablets has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters. For example, EATON manufactures USB receptacles that have tamper-resistant shutters and LED indicator lights and can be used to charge electronic devices such as tablets, mobile phones, cameras, and MP3 players. For instance, some of the major companies manufacturing USB receptacles include Eaton, GE, and Philips.
The electrical equipment market report table of contents includes:
1. Electrical Equipment Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
18. Western Europe Electrical Equipment Market
19. Eastern Europe Electrical Equipment Market
20. North America Electrical Equipment Market
21. South America Electrical Equipment Market
22. Middle East Electrical Equipment Market
List Of Tables:
Table 1 : Global Electrical Equipment Market, Product Analysis – Product Examples
Table 2: Global Electrical Equipment Market, Historic, 2015 – 2020, $ Billion
Table 3: Global Electrical Equipment Market, Forecast, 2020 – 2025, 2030F, $ Billion
Table 4: Global Electrical Equipment Market, By Region, Historic and Forecast, 2015 – 2020, 2025F, 2030F, %
Table 5: Global Electrical Equipment Market, By Region, Historic and Forecast, 2015 – 2020, 2025F, 2030F, $ Billion
….
Table 308: Egypt Electrical Equipment Market, Segmentation By Type, Historic And Forecast, 2015 – 2020, 2025F, 2030F, $ Billion
Table 309: Nigeria Electrical Equipment Market, Historic, 2015 – 2020, $ Billion
Table 310: Nigeria Electrical Equipment Market, Forecast, 2020 – 2025, 2030F, $ Billion
Table 311: Nigeria Electrical Equipment Market, Segmentation By Type, Historic And Forecast, 2015 – 2020, 2025F, 2030F, %
Table 312: Nigeria Electrical Equipment Market, Segment
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