Market Overview:
The global electrical equipment manufacturing 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 electrical equipment from the household and commercial applications. In terms of type, the power generation segment is expected to hold the largest share in the global electrical equipment manufacturing market during the forecast period. This can be attributed to increasing investments in renewable energy sources such as solar and wind power across different regions.
Product Definition:
Electrical equipment manufacturing is the process of making electrical equipment. This can include anything from power cables to circuit breakers. The importance of electrical equipment manufacturing lies in the fact that it is necessary for powering many aspects of modern life. Without it, society would be unable to function in the way we are accustomed to.
Power Generation:
Power generation is the process of converting energy from sources such as fossil fuels, nuclear reactions, and renewable sources like solar and wind. The most common way to generate power is through the combustion of fossil fuels which releases heat energy that can be used to produce electricity.
Another method involves using a steam turbine connected to a generator that makes electricity.
Transmission And Control Manufacturing:
Transmission and control manufacturing is the process of making electrical equipment such as transformers, motors, switches, relays and other electronic components. It has been witnessing a rapid growth in recent years on account of increasing demand for consumer electronics products such as mobile phones and tablets. The industry is expected to witness significant growth over the forecast period owing to growing electricity consumption across developing countries including India, China and Brazil.
Application Insights:
The global electrical equipment manufacturing market is segmented by application into residential and non-residential applications. The non-residential application segment dominated the overall industry in 2017, accounting for over 60% of the total revenue share. Increasing demand for commercial buildings, such as data centers and IT offices across various regions including Asia Pacific and Latin America is expected to drive product demand over the forecast period.
The global increase in office construction along with growing business activities has resulted in increased demand for high technology products including communication systems, lighting solutions and power generation plants that are used to support these facilities. This trend is expected to continue over the forecast period owing to increasing investments from companies operating globally for developing new sources of energy as well as advanced technologies that will provide sustainable solutions while reducing costs incurred during production processes or operations at a higher efficiency level than before which will eventually result in increased product adoption worldwide.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing per capita income, changing lifestyle, and rising investments in various sectors including power generation and distribution. Europe accounted for a significant share of global electrical equipment manufacturing market due to early adoption of advanced technologies across several industries coupled with stringent regulatory framework favoring innovation and quality products. North America is also projected to have a positive outlook on future owing to growing demand for energy-efficient products along with technological advancements in existing product lines.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Growing demand for energy-efficient electrical equipment
- Rising demand from developing countries
- Technological advancements in electrical equipment manufacturing process
- Growing popularity of renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Equipment Manufacturing Market Research Report
By Type
Power Generation, Transmission And Control Manufacturing, Household Appliances Manufacturing, Communication And Energy Wire And Cable, Electric Lighting Equipment Manufacturing.
By Application
Household, Commercial
By Companies
Panasonic, Samsung Electronics, ABB, Sumitomo Electric Industries, Toshiba
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Equipment Manufacturing Market Report Segments:
The global Electrical Equipment Manufacturing market is segmented on the basis of:
Types
Power Generation, Transmission And Control Manufacturing, Household Appliances Manufacturing, Communication And Energy Wire And Cable, Electric Lighting Equipment Manufacturing.
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
Household, Commercial
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:
- Panasonic
- Samsung Electronics
- ABB
- Sumitomo Electric Industries
- Toshiba
Highlights of The Electrical Equipment Manufacturing 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 Generation
- Transmission And Control Manufacturing
- Household Appliances Manufacturing
- Communication And Energy Wire And Cable
- Electric Lighting Equipment Manufacturing.
- By Application:
- Household
- Commercial
- 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 Electrical Equipment Manufacturing 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?
Electrical equipment manufacturing is the process of making electrical equipment, such as transformers, capacitors, and inductors.
Some of the major companies in the electrical equipment manufacturing market are Panasonic, Samsung Electronics, ABB, Sumitomo Electric Industries, Toshiba.
The electrical equipment manufacturing 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 Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Size & Forecast, 2018-2028
4.5.1 Electrical Equipment Manufacturing Market Size and Y-o-Y Growth
4.5.2 Electrical Equipment Manufacturing Market Absolute $ Opportunity
Chapter 5 Global Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Size Forecast by Type
5.2.1 Power Generation
5.2.2 Transmission And Control Manufacturing
5.2.3 Household Appliances Manufacturing
5.2.4 Communication And Energy Wire And Cable
5.2.5 Electric Lighting Equipment Manufacturing.
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Size Forecast by Type
9.6.1 Power Generation
9.6.2 Transmission And Control Manufacturing
9.6.3 Household Appliances Manufacturing
9.6.4 Communication And Energy Wire And Cable
9.6.5 Electric Lighting Equipment Manufacturing.
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 Electrical Equipment Manufacturing Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
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 Electrical Equipment Manufacturing Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Size Forecast by Type
10.6.1 Power Generation
10.6.2 Transmission And Control Manufacturing
10.6.3 Household Appliances Manufacturing
10.6.4 Communication And Energy Wire And Cable
10.6.5 Electric Lighting Equipment Manufacturing.
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 Electrical Equipment Manufacturing Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
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 Electrical Equipment Manufacturing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Size Forecast by Type
11.6.1 Power Generation
11.6.2 Transmission And Control Manufacturing
11.6.3 Household Appliances Manufacturing
11.6.4 Communication And Energy Wire And Cable
11.6.5 Electric Lighting Equipment Manufacturing.
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 Electrical Equipment Manufacturing Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
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 Electrical Equipment Manufacturing Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Equipment Manufacturing 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 Electrical Equipment Manufacturing Market Size Forecast by Type
12.6.1 Power Generation
12.6.2 Transmission And Control Manufacturing
12.6.3 Household Appliances Manufacturing
12.6.4 Communication And Energy Wire And Cable
12.6.5 Electric Lighting Equipment Manufacturing.
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 Electrical Equipment Manufacturing Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
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) Electrical Equipment Manufacturing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Equipment Manufacturing 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) Electrical Equipment Manufacturing Market Size Forecast by Type
13.6.1 Power Generation
13.6.2 Transmission And Control Manufacturing
13.6.3 Household Appliances Manufacturing
13.6.4 Communication And Energy Wire And Cable
13.6.5 Electric Lighting Equipment Manufacturing.
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) Electrical Equipment Manufacturing Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
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 Electrical Equipment Manufacturing Market: Competitive Dashboard
14.2 Global Electrical Equipment Manufacturing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Samsung Electronics
14.3.3 ABB
14.3.4 Sumitomo Electric Industries
14.3.5 Toshiba
