Press release
Strong Growth Ahead: Electrical And Electronics Market Size To Grow At Arecord 7% Cagr By 2029
Electrical And Electronics
What Is the Projected Growth of the Electrical And Electronics Market?
Over the recent years, the size of the electrical and electronics market has experienced substantial growth. It is projected to expand from $3951.27 billion in 2024 to $4262.41 billion in 2025, which represents a compound annual growth rate (CAGR) of 7.9%. The growth during the historic period can be explained by the surge in consumer electronics demand, the globalization of supply chains, various trade policies and tariffs, the downsizing of devices, and issues related to energy efficiency.
The market size for electrical and electronics is predicted to witness significant expansion in the coming years, ballooning to $5584.89 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. This development over the forecast period can be credited to factors such as the inclusion of renewable energy, environmental sustainability, issues relating to cybersecurity, management of e-waste, flexible electronics and quantum computing. The market is also likely to be influenced by key trends like the integration of internet of things (IoT), edge computing, robotics and automation, artificial intelligence (AI) and smart manufacturing during the forecast period.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1872
What Are the Different Electrical And Electronics Market Segments?
The electrical and electronics market covered in this report is segmented -
1) By Type: Electrical Equipment, Measuring And Control Instruments, Electronic Products
2) By Mode: Online, Offline
3) By Sales Channel: OEM, After market
4) By End-Use: B2B, B2C
Subsegments:
1) By Electrical Equipment: Switchgear, Transformers, Circuit Breakers, Relays, Distribution Boards
2) By Measuring And Control Instruments: Multimeters, Oscilloscopes, Analyzers, Pressure Sensors, Temperature Sensors
3) By Electronic Products: Consumer Electronics, Industrial Electronics, Communication Equipment, Medical Electronics
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1872&type=smp
What Are the Primary Drivers Shaping the Electrical And Electronics Market?
The continuous advancements in electronics technology is fostering a steady demand for updated and more efficient electrical and electronics products. Attracting both individual consumers and businesses relies heavily on technological progress, enabling the replacement or upgrading of outdated products with enhanced versions. Modern digital technologies like the Internet of Things (IoT) and cutting-edge communication technologies like 5G are predicted to facilitate the creation of innovative electronic products. These developments are expected to spur the demand for electronic products, which will, in turn, propel the growth of the electronic equipment manufacturing market within the forecast period.
Which Companies Are Leading in the Electrical And Electronics Market?
Major companies operating in the electrical and electronics market include General Electric Company, LG Electronics Inc., Panasonic Corporation, Haier Group Corporation, Koninklijke Philips N.V., Black & Decker Corporation, Electrolux AB, Tefal S.A.S., Maytag Corporation, SharkNinja Operating LLC, De'Longhi SpA, Conair Corporation, Morphy Richards Ltd., Breville Group Limited, Crompton Greaves Consumer Electricals Limited, Bajaj Electricals Ltd., Hamilton Beach Brands Inc., BCL Electronics Pvt. Ltd., Flyco Electrical Appliance Co. Ltd., Eveready Industries India Ltd., Vornado Air LLC, Braun GmbH, Sunbeam Products Inc., Russell Hobbs Inc., Singer Corporation, Kenmore Group Ltd., Oster Manufacturing Company, Applica Consumer Products Inc., Jarden Corporation
What Trends Are Expected to Dominate the Electrical And Electronics Market in the Next 5 Years?
Electronic manufacturers are increasingly embracing virtual reality technology to enhance production efficiency. This innovation in the field of electronic production is commonly termed as digital designing, simulation, and integration. Virtual reality lessens the chances of product flaws during the design stage. For example, it allows companies to inspect objects of design at every potential scale, thus reducing the occurrence of faults in the product during its designing phase. Notable companies incorporating virtual reality include Integrated Microelectronics, Inc., Flextronics International Ltd., Benchmark Electronics, Inc., and Kimball International.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/electrical-and-electronics-global-market-report
What Are the Top Revenue-Generating Geographies in the Electrical And Electronics Market?
Asia-Pacific was the largest region in the electrical and electronics market in 2024. North America was the second largest region in the electrical and electronics market. The regions covered in the electrical and electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electrical And Electronics Market?
2. What is the CAGR expected in the Electrical And Electronics Market?
3. What Are the Key Innovations Transforming the Electrical And Electronics Industry?
4. Which Region Is Leading the Electrical And Electronics Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strong Growth Ahead: Electrical And Electronics Market Size To Grow At Arecord 7% Cagr By 2029 here
News-ID: 4009879 • Views: …
More Releases from The Business Research Company
Energy as a Service Market Size Projected To Reach $130.57 Billion By 2034 With …
The Energy as a Service Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Energy as a Service Market Size and Projected Growth Rate?
In the last few years, there has been a significant expansion in the energy as a service market size. It…
Global Dried Herbs Market Analysis 2025-2030: Growth Drivers, Challenges, And Op …
The Dried Herbs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Dried Herbs Market?
In recent years, the market size for dried herbs has seen robust growth. The projection is that it will expand from $6.43 billion in 2024…
Harnessing Data Analytics To Transform Electronics And Appliance Retail: Key Fac …
The Electronics And Appliance Stores Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Electronics And Appliance Stores Market Size and Its Estimated Growth Rate?
The market size for electronics and appliance stores has been experiencing significant growth in recent times. It is…
Autonomous Mining Equipment Market Anticipated To Witness Robust Growth, Surpass …
The Autonomous Mining Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Autonomous Mining Equipment Market Size and Its Estimated Growth Rate?
In previous years, the market size of autonomous mining equipment has shown significant expansion. The market size is projected to…
More Releases for Electronic
Electronic Cigarettes
Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance. There has been significant rise in number of prevalence of adults using e-cigarettes…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine…
Electronic Wrapper Market Segmented By loading types semi-automatic electronic w …
A Revolutionary Product for the Packaging Industry
The electronic wrapper has been a revolutionizing product in the packaging industry. Electronic wrappers are easy to maintain and comfortable for size changes. The steel built electronic wrappers enable easy access for maintenance and cleaning, thus, gaining a considerable customer base from the packaging industries mainly for food and consumer products. An electronic wrapper is an automated machine, which is programmed to perform a…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
Electronic Recycling Market - Increasing Consumption of Electronic Devices
In a report published recently, Transparency Market Research (TMR) provides insights into the growth drivers and restraints impacting the global electronic recycling market. The report is titled “Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” and is available on the company website for sale. Based on the findings of the survey conducted, the report pegs the global market for electronic recycling market…
