Electrical Equipment Market 2021 Outlook with Key Industry Manufacturers - Panasonic Corporation, Samsung Electronics Co Ltd, Whirlpool Corporation

The Global Electrical Equipment Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Electrical Equipment market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global electrical equipment market reached a value of nearly $1,180.0 billion in 2020, having increased 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, at a CAGR of 6.2%.

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Top Companies in the Global Electrical Equipment Market: Panasonic Corporation Samsung Electronics Co Ltd; Whirlpool Corporation; Schneider Electric; Siemens AG

Market Overview:

Growth in the historic period resulted from economic growth in emerging markets, favorable government initiatives, and technological advances. Factors that negatively affected growth in the historic period were political uncertainties and geopolitical tensions, and volatile metal prices. Going forward, innovations in electrical equipment, rising investments in energy efficient infrastructure, and favorable government initiatives will drive growth. Factors that could hinder the growth of the electrical equipment market in the future include coronavirus pandemic, changing regulations.

The top opportunities in the electrical equipment market segmented by type will arise in the power generation, transmission and control equipment segment, which will gain $164.8 billion of global annual sales by 2025. The top opportunities in the electrical lighting equipment market segmented by type will arise in the general lighting segment, which will gain $41.3 billion of global annual sales by 2025. The top opportunities in the household appliances market segmented by type will arise in the small electrical appliance segment, which will gain $39.0 billion of global annual sales by 2025. The top opportunities in the power generation, transmission and control equipment market segmented by type will arise in the transformer segment, which will gain $82.5 billion of global annual sales by 2025. The top opportunities in the batteries market segmented by type will arise in the secondary batteries segment, which will gain $31.4 billion of global annual sales by 2025. The top opportunities in the wires and cables market segmented by type will arise in the fiber optical cable segment, which will gain $61.1 billion of global annual sales by 2025. The top opportunities in the electrical equipment market segmented by end-use will arise in the B2B segment, which will gain $214.4 billion of global annual sales by 2025. The top opportunities in the electrical equipment market segmented by sales channel will arise in the OEM segment, which will gain $342.2 billion of global annual sales by 2025. The top opportunities in the electrical equipment market segmented by mode will arise in the Online segment, which will gain $234.1 billion of global annual sales by 2025.The electrical equipment market size will gain the most in China at $139.2 billion.

Segmentation:

Markets Covered: 1) By Type: Electric Lighting Equipment; Household Appliances; Power Generation, Transmission and Control Equipment; Batteries; Wires and Cables

2) By End-Use: Business To Business (B2B); Business To Customer (B2C)

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Asia-Pacific was the largest region in the global electrical equipment market, accounting for 45.1% of the total in 2020. It was followed by Western Europe, North America, and then the other regions. Going forward, the fastest-growing regions in the electrical equipment market will be Middle East, and South America, where growth will be at CAGRs of 10.6% and 9.9% respectively during 2020-2025. These will be followed by the Africa, and Eastern Europe where the markets are expected to grow at CAGRs of 8.7% and 8.0% respectively, during 2020-2025.

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Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Electrical Equipment market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Electrical Equipment market.

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