General Electrical Equipment And Components Market

The general electrical equipment and component market consist of sales of general electrical equipment and component by entities (organizations, sole traders and partnerships) that manufacture general electrical equipment and component. The general electrical equipment and component consist of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors among others. The global general electrical equipment and component market was worth $373.73 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.59% and reach $519.65 billion by 2023.