Press release
Electrical And Electronics Market Expected to Grow $3699 Billion By 2023
Global Electrical And Electronics Market
The global electrical and electronics market is expected to decline from $3150.6 billion in 2019 to $3055.3 billion in 2020 at a compound annual growth rate (CAGR) of -3.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $3699 billion in 2023.
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The electrical and electronics market consists of sales of products that generate, distribute and use electrical power products by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power, or electronic products such as audio, video and semi-conductors. This market does not iclude computers, computer peripherals andt tlelecommunications equipment.
Use of robotics and automation was considered to be one of the latest trends in the electrical and electronics market. Many electronic equipment companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG) in 2016, 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs.
Electrical And Electronics Market Segmentation: -
By Type
Electrical Equipment
Measuring and Control Instruments
Electronic Products
By End-Use
B2B
B2C
By Sales Channel
OEM
Aftermarket
By Mode
Online
Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Electrical And Electronics Market Characteristics
4. Electrical And Electronics Market Product Analysis
5. Electrical And Electronics Market Supply Chain
......
20. Electrical And Electronics Market Competitive Landscape
21. Key Mergers And Acquisitions In The Electrical And Electronics Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Electrical And Electronics Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Electrical And Electronics Market are Samsung Electronics Co Ltd; Panasonic Corporation; Intel Corporation; Toshiba Corporation; Taiwan Semiconductor Mfg. Co. Ltd
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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