The electrical and electronics market is expected to reach over $4986.91 billion in 2027 at a CAGR of 7.5%!
Virtual reality technology is being adopted by electronic manufacturing companies to improve manufacturing efficiency. This technology in the electronic manufacturing industry is often referred as digital design, simulation and integration. Virtual reality minimizes the scope for product defects in design phase. For instance, virtual reality technology enables companies to inspect design objects at all conceivable scales, thereby eliminating defects in the product in the design stage.
Electrical And Electronics Market Coverage
The electrical and electronics market consists of sales of products that generate, distribute and use electrical power products by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power, or electronic products such as audio, video and semi-conductors. This market does not include computers, computer peripherals and telecommunications equipment. The electrical and electronics market is segmented into electrical equipment; measuring and control instruments and electronic products. Only goods and services traded between entities or sold to end consumers are included.
The Business Research Company covers 369 markets overall in the electrical and electronics market providing global market numbers, market growth, market-specific drivers and restraints, trends, and other market specific information. The electrical and electronics market is segmented in the following manner:
- 1. Electrical Equipment
The electrical equipment market consists of sales of products that generate, distribute and use electrical power by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power. The electrical equipment market is segmented into electric lighting equipment; household appliances; power generation, transmission and control; batteries and wires and cables. Only goods and services traded between entities or sold to end consumers are included.
The Electrical Equipment market is sub-segmented into –
- 1.1 Electric Lighting Equipment
- 1.2 Household Appliances
- 1.3 Power Generation, Transmission And Control Equipment
- 1.4 Batteries
- 1.5 Wires And Cables
- 1.6 Modular Uninterruptible Power Supply (UPS)
- 2. Measuring and Control Instruments
The measuring and control instruments market consists of sales of navigational, measuring, electro medical and control instruments, and other components by entities (organizations, sole traders and partnerships) that produce navigational, measuring, electromedical, and control instruments. Examples of products made by these establishments are aeronautical instruments, appliance regulators and controls (except switches), laboratory analytical instruments, navigation and guidance systems, and physical properties testing equipment. This market includes sales of carbon, graphite, and metal graphite brushes and brush stock; carbon or graphite electrodes for thermal and electrolytic uses; carbon and graphite fibers; and other carbon, graphite, and metal-graphite products. The measuring and control instruments market is segmented into navigational, measuring, electro medical and control instruments and other electrical equipment, electronic products and components. Only goods and services traded between entities or sold to end consumers are included.
The Measuring and Control Instruments market is sub-segmented into –
- 2.1 Other Electrical Equipment, Electronic Products And Components
- 2.2 Navigational, Measuring, Electro medical And Control Instruments
- 3. Electronic Products
The electronic products market consists of sales of electronic products by entities (organizations, sole traders and partnerships) that produce electronic products. The electronic products market is segmented into audio and video equipment and semiconductor and other electronic components. Only goods and services traded between entities or sold to end consumers are included.
The Electronics Products market is sub-segmented into –
- 3.1 Audio And Video Equipment
- 3.2 Semiconductor And Other Electronic Component
- 3.3 Electronic Contract Manufacturing and Design Services
- 4. Smart Wearables
The smart wearables market consists of sales of smart wearables by entities (organizations, sole traders and partnerships) that produce smart wearables such as fitness tracker, smartwatches, VR headsets, activity tracker, and smart wristbands. The wearable devices such as eyewear, wristband, and watch are integrated with advanced technologies to keep a track of real-time information on the activities. Only goods and services traded between entities or sold to end consumers are included.
- 5. Hydrogen Fuel Cells
The hydrogen fuel cell market consists of sales of hydrogen fuel cells that use the chemical energy of hydrogen to produce electricity. A hydrogen fuel cell is a device that converts hydrogen into clean energy and electricity by a chemical reaction and the by-products of this chemical reaction are electricity, water, heat. Hydrogen fuel cells can be used in a wide range of applications such as cars, buildings, electronic devices, trucks, and backup power systems.
- 6. Consumer Products - Electrical And Electronics
The electrical and electronics consumer products market consists of sales of power banks, water meters, and other consumer products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The Consumer products – Electrical And Electronics market is sub-segmented into –
- 6.1 Power Bank
- 6.2 Water Meter
- 7. Electrical And Electronics Components
The electrical and electronic components market consists of sales of photoresist & photoresist ancillaries, superconductors, photoelectric sensors, automotive dc-dc converters, surface inspection, temperature sensors, fingerprint sensors, quantum dot, touch screen controllers, torque sensors, pressure sensors, silicon photonics, automotive wiring harness and other electrical and electronics components.
The Electrical And Electronics Components market is sub-segmented into –
- 7.1 Photoresist & Photoresist Ancillaries
- 7.2 Superconductors
- 7.3 Photoelectric Sensor
- 7.4 Automotive DC-DC Converters
- 7.5 Surface Inspection
- 7.6 Temperature Sensor
- 7.7 Fingerprint Sensor
- 7.8 Quantum Dot
- 7.9 Touch Screen Controllers
- 7.10 Torque Sensor
- 7.11 Pressure Sensor
- 7.12 Silicon Photonics
- 7.13 Automotive Wiring Harness
- 7.14 Thermal Interface Materials
- 8. Other Electrical & Electronics
The other electrical & electronics market consists of sales of X-ray detectors and other electrical & electronics.
The Other Electrical & Electronics market is sub-segmented into –
- 9. Other General Purpose Products
The other general purpose products market consists of sales of peristaltic pumps, non-dispersive infrared (NDIR), chemical sensors, and other general purpose products.
The Other General Purpose market is sub-segmented into –
- 9.1 Peristaltic Pumps
- 9.2 Non-Dispersive Infrared (NDIR)
- 9.3 Chemical Sensors
- 10. Specialty Devices
Specialty devices are defined as devices that are controlled remotely from any internet-connected place in the world using a mobile or any other network device.
The specialty devices market consists of sales of smart home devices, tank level monitoring systems, and other specialty devices.
The Specialty Devices market is sub-segmented into –
- 10.1 Smart Home Devices
- 10.2 Tank Level Monitoring System
- 11. Specialty Electricals
The specialty electricals market consists of sales of solar photovoltaic panels, fiber lasers, electric vehicle charging station equipment, industrial plugs and sockets, electric car charger, electric vehicle charger, and other specialty electricals.
The Specialty Electricals market is sub-segmented into –
- 11.1 Solar Photovoltaic Panel
- 11.2 Fiber lasers
- 11.3 Electric Vehicle Charging Stations Equipment
- 11.4 Industrial Plugs And Sockets
- 11.5 Electric Car Charger
- 11.6 Electric Vehicle Charger
How Can We Help?
The Business Research Company`s Electrical and Electronics Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the electrical and electronics industry. The electrical and electronics market research services and solutions The Business Research Company provides are as follows —
- Electrical and Electronics Market Sizing, Forecast and Trend Analysis
- Electrical and Electronics Market Competitor Analysis
- Electrical and Electronics Market Supply Chain Analysis
- Electrical and Electronics Market Customer Research
- Electrical and Electronics Market Partner or Distribution Research
- Electrical and Electronics Market Entry Strategy Research Study
- Electrical and Electronics Industry Analysis and Profiling
- Electrical and Electronics Market Regulations
