Market Overview:
The global electric power equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising investments in renewable energy sources. In terms of type, the power/power supply/power control equipment segment is expected to dominate the market during the forecast period. This can be attributed to the increasing demand for smart grids and smart meters across different regions.
Product Definition:
Electric Power Equipment is a term used to describe the various machines and devices that are used to generate, transmit, distribute, or use electric power. Electric power equipment can be found in a variety of settings, including factories, schools, hospitals and homes. The importance of electric power equipment cannot be overstated as it is essential for powering many aspects of modern life.
Power/Power Supply/Power Control Equipment:
Power/Power Supply/Power Control Equipment is used in Electric Power Equipment for power conditioning and distribution. It has applications in transformers, switchgears, motor controls, circuit breakers & fuses and other electrical equipment.
Electrical Appliances Product:
An electrical appliance is a device that utilizes electric power for operation or uses the energy generated by an electric source to perform an activity. Some examples of electrical appliances include air conditioners, refrigerators, heaters, water pumps, and dryers among others. The global market for electrical appliances is expected to witness significant growth over the forecast period owing to increasing demand in residential and commercial sectors coupled with technological advancements in various segments such as cooking equipment & devices and home entertainment systems among others.
Application Insights:
The market is segmented by application into power generation, transmission and control manufacturing, household appliances manufacturing, and others. The power generation segment dominated the global electric power equipment market in 2017 owing to the growing demand for electricity across various end-use industries such as oil & gas, construction materials handling etc. Rapid urbanization coupled with rising disposable income levels in developing countries such as China India etc has led to an increase in investments for coal-fired plants which consequently increases electricity demand across various sectors.
The transmission and control manufacturing sector is expected to witness significant growth over the forecast period due to increasing industrialization along with population growth & economic development of a particular country or region. For instance; according to World Data Lab¢â‚¬â„¢s 2018 data on industrial development indicators; Latin America has around 1 million more factories than it does today but its working population was 2 million smaller back then compared with now (in 2018).
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period. The region accounted for more than 30% of global revenue in 2016 and is anticipated to grow at a CAGR of XX% from 2017 to 2030 owing to increasing industrialization, rising population, and rapid urbanization in emerging economies such as China and India.
China dominated the Asia Pacific electric power equipment market with a revenue share of nearly 40%. The country has been witnessing strong economic growth on account of low-cost manufacturing coupled with government support for domestic consumption through various policies such as “Made in China†initiative which are expected to have a positive impact on industry growth over the next eight years.
Europe was estimated as one of the major markets by Power Equipment Europe (PEE) organization that represents leading manufacturers across Europe including Alstom Grid, SEW Europower Group, Siemens Gamesa Renewable Energy SASU.
Growth Factors:
- Increasing demand for electric power equipment from the developing countries owing to the growth of their economies and rising population.
- Rapid industrialization and urbanization in the developing countries is also fueling the demand for electric power equipment.
- Growing investments in renewable energy sources such as solar and wind are providing a thrust to the market growth of electric power equipment.
- Stringent government regulations pertaining to environment conservation are prompting companies to adopt efficient and eco-friendly electric power equipment technologies, thereby propelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Power Equipment Market Research Report
By Type
Power/Power Supply/Power Control Equipment, Electrical Appliances Product, Lighting Equipment, Others
By Application
Power Generation, Transmission and Control Manufacturing, Household Appliances Manufacturing, Others
By Companies
GE, Toshiba, Samsung, Panasonic, Sumitomo, Whirlpool, Schneider, ABB, Sumitube, Porter-Cable, Techtronic Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Electric Power Equipment Market Report Segments:
The global Electric Power Equipment market is segmented on the basis of:
Types
Power/Power Supply/Power Control Equipment, Electrical Appliances Product, Lighting Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Transmission and Control Manufacturing, Household Appliances Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Toshiba
- Samsung
- Panasonic
- Sumitomo
- Whirlpool
- Schneider
- ABB
- Sumitube
- Porter-Cable
- Techtronic Industries
Highlights of The Electric Power Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Power/Power Supply/Power Control Equipment
- Electrical Appliances Product
- Lighting Equipment
- Others
- By Application:
- Power Generation
- Transmission and Control Manufacturing
- Household Appliances Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Power Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric power equipment is a broad term that refers to any device or system used to produce, transmit, or distribute electric energy. This includes everything from large power plants and transmission lines to individual appliances and devices.
Some of the major companies in the electric power equipment market are GE, Toshiba, Samsung, Panasonic, Sumitomo, Whirlpool, Schneider, ABB, Sumitube, Porter-Cable, Techtronic Industries.
The electric power equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Power Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Power Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Power Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Power Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Power Equipment Market Size & Forecast, 2018-2028
4.5.1 Electric Power Equipment Market Size and Y-o-Y Growth
4.5.2 Electric Power Equipment Market Absolute $ Opportunity
Chapter 5 Global Electric Power Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Power Equipment Market Size Forecast by Type
5.2.1 Power/Power Supply/Power Control Equipment
5.2.2 Electrical Appliances Product
5.2.3 Lighting Equipment
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Power Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Power Equipment Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Transmission and Control Manufacturing
6.2.3 Household Appliances Manufacturing
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Power Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Power Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Power Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Electric Power Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Power Equipment Market Size Forecast by Type
9.6.1 Power/Power Supply/Power Control Equipment
9.6.2 Electrical Appliances Product
9.6.3 Lighting Equipment
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Power Equipment Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Transmission and Control Manufacturing
9.10.3 Household Appliances Manufacturing
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Power Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Power Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Power Equipment Market Size Forecast by Type
10.6.1 Power/Power Supply/Power Control Equipment
10.6.2 Electrical Appliances Product
10.6.3 Lighting Equipment
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Power Equipment Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Transmission and Control Manufacturing
10.10.3 Household Appliances Manufacturing
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Power Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Power Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Power Equipment Market Size Forecast by Type
11.6.1 Power/Power Supply/Power Control Equipment
11.6.2 Electrical Appliances Product
11.6.3 Lighting Equipment
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Power Equipment Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Transmission and Control Manufacturing
11.10.3 Household Appliances Manufacturing
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Power Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Power Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Power Equipment Market Size Forecast by Type
12.6.1 Power/Power Supply/Power Control Equipment
12.6.2 Electrical Appliances Product
12.6.3 Lighting Equipment
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Power Equipment Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Transmission and Control Manufacturing
12.10.3 Household Appliances Manufacturing
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Power Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Power Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Power Equipment Market Size Forecast by Type
13.6.1 Power/Power Supply/Power Control Equipment
13.6.2 Electrical Appliances Product
13.6.3 Lighting Equipment
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Power Equipment Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Transmission and Control Manufacturing
13.10.3 Household Appliances Manufacturing
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Power Equipment Market: Competitive Dashboard
14.2 Global Electric Power Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Toshiba
14.3.3 Samsung
14.3.4 Panasonic
14.3.5 Sumitomo
14.3.6 Whirlpool
14.3.7 Schneider
14.3.8 ABB
14.3.9 Sumitube
14.3.10 Porter-Cable
14.3.11 Techtronic Industries
