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Specialty Electricals Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 |Samsung Electronics Co Ltd., Hitachi Ltd., Huawei Technologies Co Ltd., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, Panasonic Corpora
Specialty Electricals Market Trends
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Specialty Electrical Market Surges With The Growing Trend Of Electric Vehicles
The growing trend of electric vehicles is expected to propel the specialty electrical market going forward. Electric vehicles are those that are powered entirely or partially by electricity and run on an electric engine rather than a traditional combustion engine. In the manufacturing of electrical vehicles specialty, electricals offer a range of specialized electric power solutions that are focused on heavy demand and load power distribution systems of vehicles. Also, these substance acts as a shield against the frequently erratic outside factors, assisting in maintaining ideal battery temperatures whatever the conditions. For instance, in May 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, sales of electric cars (including fully electric and plug-in hybrids) had doubled in 2021 to set a new record of 6.6 million, where the number of electric cars on the world's roads by the end of 2021 was about 16.5 million. Therefore, the growing trend of electric vehicles is driving the specialty electrical market.
Technological Advancements Drive Growth In The Specialty Electrical Market
Technological advancements are a key trend gaining popularity in the specialty electrical market. Major companies operating in the specialty electrical market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, Lubrizol Corporation, a US-based chemicals company launched a new non-halogenated, flame-retardant grade polymer compound for wire and cable applications. The new compound is made without the use of halogens and has improved key performance attributes like drying time, drying temperature, mechanicals, and flame retardant properties.
The specialty electricals market covered in this report is segmented -
1) By Product: Wiring Devices, Batteries And Accumulators, Electrical Wires And Cables, Other Products
2) By Application: Transformers, Electricity Meter, Distribution Boards, Circuit Breakers, Other Applications
3) By End User: Residential, Commercial, Industrial
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Major companies operating in the specialty electricals market report are Samsung Electronics Co Ltd., Hitachi Ltd., Huawei Technologies Co Ltd., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, Panasonic Corporation, Qualcomm Technologies Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Broadcom Inc., ABB Ltd., Sumitomo Electric Industries Ltd., Toshibo Corporation, Eaton Corporation, TE Connectivity Ltd., Emerson Electric Co, Rockwell Automation Inc., OMRON Automotive Electronics Co Ltd., Encore Wire Corporation, Superior Essex Inc., Southwire Company LLC, Monbat Group, Legrand AV Inc., Specialty Electric Co Inc., Incotex Group, Fincom-2 Ltd., General Cable Technologies Corporation, Furukawa Electric Co Ltd., LS Cable & System Ltd.
Contents of the report:
1. Executive Summary
2. Specialty Electricals Market Report Structure
3. Specialty Electricals Market Trends And Strategies
4. Specialty Electricals Market - Macro Economic Scenario
5. Specialty Electricals Market Size And Growth
…..
27. Specialty Electricals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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