The electrical equipment manufacturing market comprises establishments manufacturing electric lighting equipment, household appliances, electrical equipment manufacturing batteries, wires, and relay and other electrical equipment, electronic products and components.
The top five companies covered are Panasonic Corporation, Samsung Electronics Co Ltd., ABB Ltd, Sumitomo Electric Industries Ltd. and Toshiba Corporation. Panasonic was the largest company in the electrical equipment manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Electrical Equipment Manufacturing Global Market Size
The global electrical equipment manufacturing market was valued at around $1 trillion in 2017. Asia Pacific was the largest region in the electrical equipment manufacturing market in 2017, accounting for more than 55% market share. China was the largest country in the market in 2017, accounting for nearly 40% market share.
Electrical Equipment Manufacturing Global Market Trend
The household appliance manufacturers are integrating their products with the IoT technology to make customers lives comfortable and convenient. Internet of Things technology is the interconnectivity of physical objects and devices that are integrated with sensors and software that allow them to exchange and collect data. Major technologies enabling smart household appliances include Wi-Fi, Bluetooth Low Energy, micro server and micro-electromechanical systems.
Electrical Equipment Manufacturing Global Market Segmentation
The electrical equipment manufacturing market is segmented into Power Generation, Transmission And Control Manufacturing, Household Appliances Manufacturing, Communication And Energy Wire And Cable, Batteries Manufacturing and Electric Lighting Equipment Manufacturing.
Power Generation, Transmission and Control Manufacturing comprises establishments manufacturing power, distribution, and specialty transformers, motors and generators, switchgear and switchboard apparatus and relay and industrial control equipment.
Household Appliances Manufacturing consists of establishments engaged in manufacturing of appliances used for various purposes at home such as household-type small electric appliances, electric and non-electric cooking appliances, refrigerators and home freezers, laundry equipment and other major household appliances.
Communication And Energy Wire And Cable segment comprises establishments manufacturing current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits.
Batteries Manufacturing segment comprises establishments include companies manufacturing storage and primary batteries.
Electric Lighting Equipment Manufacturing segment comprises establishments manufacturing electric lamp bulbs and lighting fixtures for residential, institutional, commercial, industrial and automotive purposes.