Press release
Electrical And Electronics Market 2020 with COVID-19 Impact Analysis | Samsung Electronics Co Ltd, Panasonic Corporation, Intel Corporation
According to the study, 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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Key Players:
Samsung Electronics Co Ltd (KRX: 005930); Panasonic Corporation (TYO: 6752); Intel Corporation (NASDAQ: INTC); Toshiba Corp (TYO: 6502); Taiwan Semiconductor Mfg. Co. Ltd. (TPE: 2330), request sample for a complete list of companies.
The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.
Summary
The Asia Pacific was the largest region in the global electrical and electronics market, accounting for 44% of the market in 2019. North America was the second largest region accounting for 22% of the global electrical and electronics market. Africa was the smallest region in the global electrical and electronics market.
The 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.
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 include computers, computer peripherals, and telecommunications equipment.
Markets Covered:
1) By Type: Electrical Equipment; Measuring and Control Instruments; Electronic Products
2) By End-Use: B2B; B2C
3) By Sales Channel: OEM; Aftermarket
4) By Mode: Online; Offline
Market Segment by Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.
The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.
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Frequently Asked Questions about “Electrical And Electronics market” :
What will the Electrical and Electronics market size/ forecast be in 2025?
What is the growth rate (CAGR) of the Electrical And Electronics market?
Who are the key players/top companies in the Electrical And Electronics market?
What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Electrical And Electronics market?
What are the challenges to growth and the new opportunities in the Electrical And Electronics market?
Which is the highest growing region or country for the Electrical And Electronics market?
Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
Note:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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