Electrical And Electronics Market Report 2026

Electrical And Electronics Market Overview

• Electrical And Electronics market size has reached to $4064.37 billion in 2025 • Expected to grow to $5610.71 billion in 2030 at a compound annual growth rate (CAGR) of 6.9% • Growth Driver: IoT Device Proliferation Set To Spark Exponential Growth In The Electrical And Electronics Market • Market Trend: Next-Generation Solutions Transforming Urban Transport • Asia-Pacific was the largest region in 2025 and North America is the fastest growing region.

What Is Covered Under Electrical And Electronics Market?

Electrical and electronics produce products that generate, distribute and use electrical power, or electronic products such as audio, video, and semiconductors. This market does not include computers, computer peripherals, and telecommunications equipment. The main types of electrical and electronics are electrical equipment, measuring and control instruments, and electronic products. Any apparatus, appliance, cable, conductor, fitting, insulator, material, meter, or wire that is used for controlling, generating, supplying, transforming, or transmitting electricity at a voltage greater than extra-low voltage or is powered by electricity at a voltage greater than extra-low voltage is considered as electrical equipment. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used by B2B and B2C end users.

What Is The Electrical And Electronics Market Growth Forecast?

The electrical and electronics market size is expected to see strong growth in the next few years. It will grow to $5610.71 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing adoption of smart sensors and intelligent control systems, rising need for precision measurement in advanced manufacturing, expansion of renewable energy projects requiring electrical equipment, growth in B2C electronics consumption, accelerating upgrades in industrial automation. Major trends in the forecast period include increasing demand for advanced measurement and control instruments, growth in consumer electronics diversification, rising adoption of energy efficient electrical equipment, expansion of aftermarket servicing and upgrades, growing preference for multifunctional electronic products.

What Is The Driver Of The Electrical And Electronics Market?

The increasing number of IoT devices is expected to propel the growth of the electrical and electronics market going forward. IoT (Internet of Things) refers to a network of interconnected physical objects that are embedded with sensors, software, and other technologies to collect and exchange data with other devices and systems over the internet. IoT devices enable real-time monitoring and management of electrical and electronic systems and ensure the consistent quality of electronic components and devices. For instance, in March 2023, according to Exploding Topics, a US-based online platform that provides insights into emerging and trending topics, by 2030, it is anticipated that there will be 25.4 billion IoT devices. Therefore, the increasing number of IoT devices is driving the growth of the electrical and electronics industry going forward.

Key Players In The Global Electrical And Electronics Market

Major companies operating in the electrical and electronics market are General Electric Company (GE), Siemens Aktiengesellschaft (Siemens AG), Schneider Electric SE, ABB Ltd., Mitsubishi Electric Corporation, Panasonic Corporation, LG Electronics Inc., Samsung Electronics Co., Ltd., Sony Corporation, Hitachi, Ltd., Toshiba Corporation, Koninklijke Philips N.V. (Philips), Robert Bosch GmbH (Bosch), Texas Instruments Incorporated, Intel Corporation, STMicroelectronics N.V., Infineon Technologies AG, Honeywell International Inc., Rockwell Automation, Inc., Emerson Electric Co.

Global Electrical And Electronics Market Trends and Insights

Major companies operating in the electrical and electronics market are focusing on developing innovative solutions, such as electric vehicles (EVs), to cater to the growing demand for sustainable and energy-efficient transportation. Electric vehicles (EVs) are automobiles powered by electric motors using rechargeable batteries instead of traditional fuel engines, helping reduce greenhouse gas emissions, lower operating costs, and promote cleaner, more energy-efficient transportation. For instance, in November 2025, SUGS LLOYD Ltd., an India-based technology-driven engineering and construction company, launched Vyna Electric, a state-of-the-art electric vehicle designed for urban commuting. The Vyna Electric is equipped with a high-efficiency lithium-ion battery, lightweight chassis, and advanced energy management system, enabling longer range and faster charging compared to conventional EVs. Its design prioritizes safety, durability, and user-friendly operation, making it suitable for both personal and fleet applications. This launch underscores the shift towards greener mobility solutions and highlights SUGS LLOYD’s commitment to advancing EV technology.

What Are Latest Mergers And Acquisitions In The Electrical And Electronics Market?

In August 2025, Rosebank Industries plc, a UK based industrial holding company, acquired Electrical Components International, Inc. (“ECI”) for approximately $1.9 billion. With this acquisition, Rosebank aims to build out a global platform in electrical distribution and connectivity, leveraging ECI’s extensive engineering capabilities, manufacturing footprint, and customer relationships. Electrical Components International Inc. is a US-based manufacturing company that specializes in providing electrical and electronics.

What Defines the Electrical And Electronics Market?

The electrical and electronics market consists of sales of photoresist and 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. 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.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Electrical And Electronics Market Report 2026?

The electrical and electronics market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the electrical and electronics industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.