Electrical Safety Personal Protective Equipment Global Market Report 2023 – By Product Type (Head Protection, Eye And Face Protection, Hearing Protection, Protective Footwear, Hand Protection, Arc Rated Clothing), By Application (Shock Hazard, Arc Flash Hazard), By End User (Electrical, Automotive, Oil and Gas, Machinery, Construction, Mining, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Electrical equipment produces products that generate, distribute and use electrical power. Electrical equipment's primary function is to accomplish work by converting electrical energy and controlling electrical energy, including protecting systems, property, and people. The main types of electrical equipment are electric lighting equipment, household appliances, power generation, transmission, and control equipment, batteries and wires, and cables. Home appliances are electrical machines that aid in household functions such as cooking, cleaning, and food storage. 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. The global electrical equipment market is segmented – 1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fiber Optical Cable The global electrical equipment market size grew from $1503.21 billion in 2022 to $1630.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of electrical equipment is expected to grow to $2190.31 billion in 2027 at a CAGR of 7.7%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipment. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and the latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of the electronic equipment manufacturing market during the forecast period. Major companies in the electrical equipment market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries Ltd., and Whirlpool Corp. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the electrical equipment industry will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing use of portable electronic devices such as smartphones and tablets has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters. For example, EATON manufactures USB receptacles that have tamper-resistant shutters and LED indicator lights and can be used to charge electronic devices such as tablets, mobile phones, cameras, and MP3 players. For instance, some of the major companies manufacturing USB receptacles include Eaton, GE, and Philips. Asia-Pacific was the largest region in the electrical equipment market in 2022. Western Europe was the second largest region in the electrical equipment market share. Africa was the smallest region in the global electrical equipment market analysis report. The regions covered in the electrical equipment industry overview report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global electrical equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The electrical equipment and component market consists of sales of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors, and other general electrical equipment. 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 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. The electrical equipment market research report is one of a series of new reports from The Business Research Company that provides electrical equipment market statistics, including electrical equipment industry global market size, regional shares, competitors with an electrical equipment market share, detailed electrical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical equipment industry. This electrical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Personal care services are hands-on assistance with critical day-to-day activities that a person cannot perform independently. Personal care services are provided to eligible beneficiaries to help stay in their own homes and communities rather than live in institutional settings, such as nursing homes. The main types of personal care services are beauty salons, diet and weight reducing centers, spas & massage, and other personal care services. A beauty salon, sometimes known as a beauty parlor, is a place where men and women can have aesthetic treatments. The different categories include mass, and premium and are distributed through various channels such as specialty retail stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail channels, and others. The global personal care services market is segmented - 1) By Type: Beauty Salons, Diet And Weight Reducing Centers, Spas & Massage Parlors, Other Personal Care Services 2) By Category: Mass, Premium 3) By Distribution Channel: Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Other Distribution Channels Subsegments Covered: Hair Salons, Body Beauty Salons, Nail Salons, Tattoo Parlors, Hair Replacement Services, Other Services The global personal care services market size will grow from $401.96 billion in 2022 to $439.46 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of personal care services market is expected to grow to $610.53 billion in 2027 at a CAGR of 8.6%. Population aging will be a driver of the personal care services market going forward. During 2018-2022, the number of people over 65 is expected to increase from approximately 550 to 650 million globally, an increase of 18% according to the Population Reference Bureau. The increasing size of the geriatric population coupled with an increasing focus on healthy lifestyles among the geriatric population will increase the demand for personal care services such as spa and massage services, driving the market. Major companies in the personal care services market include Fantastic Sams, Weight Watchers International Inc., Tivity Health, Regis Corporation, Jenny Craig Inc., Bosley Inc., Norwegian Cruise Line Holdings, Hair Cuttery, Bijin Salon Spa and Great Clips. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the personal care services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the personal care services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Beauty salons are using organic products to cater to the increasing demand for healthy products. Organic products are natural products that are prepared using natural or organic ingredients without the use of harmful chemicals. The supply of locally-sourced raw materials makes organic products more accessible and affordable to the customers. Some of the organic products being used by hair salons include organic hair oil, hair spray, shampoos, hair gels, hair colors, dyes, and other hair styling products. The organic personal care market is expected to grow at 10% to reach $25 billion by 2025, thus indicating a significant potential for organic salons. Hair salons such as Organic Natural Hair salon uses organic products. Asia-Pacific was the largest region in the personal care services market in 2022. North America was the second-largest region in personal care services market. The regions covered in the personal care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the personal care services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The personal care services market consists of revenues earned by entities providing services such as cutting, trimming, shampooing, coloring, waving, or styling hair, body massage, aromatherapy, hydrotherapy, and reflexology, and other related services. Establishments in the personal care services industry include barber shops or hair salons, tattoo parlours, and hair replacement services providers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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. The personal care services market research report is one of a series of new reports from The Business Research Company that provides personal care services market statistics, including personal care services industry global market size, regional shares, competitors with a personal care services market share, detailed personal care services market segments, market trends and opportunities, and any further data you may need to thrive in the personal care services industry. This personal care services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Personal goods repair and maintenance refer to the service of repair and maintenance of such goods that are primarily used for personal, family, and household purposes. Repair and maintenance can help identify any environmental problems and root causes of failure, and saves the cost of new piping and foundation changes. The main types of personal goods repair and maintenance are home and garden equipment repair and maintenance, appliance repair and maintenance, reupholstery and furniture repair, footwear and leather goods repair, and other personal and household goods repair and maintenance. Organizations engaged primarily in repairing and maintaining home and garden equipment and household appliances make up the home and garden equipment repair and maintenance business. Lawnmowers, edgers, ice and leaf cleaners, washing machines and dryers, and freezers are all repaired and maintained by businesses in this field. The different modes include online, and offline and involve various service types such as inspection, maintenance, and repair. The global personal goods repair and maintenance market is segmented - 1) By Type: Home And Garden Equipment Repair And Maintenance, Appliance Repair And Maintenance, Reupholstery And Furniture Repair, Footwear And Leather Goods Repair, Other Personal And Household Goods Repair And Maintenance 2) By Mode: Online, Offline 3) By Service Type: Inspection, Maintenance, Repair The global personal goods repair and maintenance market size will grow from $135.63 billion in 2022 to $144.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of personal goods repair and maintenance market is expected to grow to $182.22 billion in 2027 at a CAGR of 5.9%. An increase in household gardening is expected to propel the growth of the personal goods repair and maintenance market. The practice of maintaining and growing a garden, especially as a hobby is referred to as gardening. Gardening tools require regular maintenance and remain in good working condition with routine maintenance. In addition to being sharp, tools also need to be pristine and antiseptic. Tools can spread bacterial, fungal, or insect infestations across the garden if they come into contact with plants or soil that has such issues. With an increase in the number of people involved in gardening, the need for the maintenance of gardening equipment is also rising. For instance, according to RubyHome a US-based luxury real estate brokerage firm, 55% of American households engage in gardening activities and maintain a garden in their house. Nearly 18.3 million U.S. households started gardening in 2021. In addition, according to 2021 research among 1,023 Canadian adults, conducted by the Agri-Food Analytics Lab at Dalhousie University, a public research university in Canada, 51% of respondents said they grew at least one variety of fruit or vegetable in a garden. Of those, 17.4% started growing food at home in 2020 during COVID-19. In addition, 67% of new gardeners in 2020 agreed that the pandemic influenced their decision to start gardening. Therefore, the increase in household gardening is expected to drive the personal goods repair and maintenance market going forward. Major companies in the personal goods repair and maintenance market are Encompass Supply Chain Solutions, uBreakiFix, Moduslink Global Solutions, Mendtronix Inc., and The Cableshoppe Inc. Mobile apps are being adopted to connect consumers with appliance repair professionals. Several personal goods repair and maintenance companies are offering apps to better connect with customers and increase their reach locally. The apps tap into the current consumer trend of instinctively reaching out to their mobile phones at a moment’s notice to search for and order goods. For example, Serviz, an app for home services offers personal goods repair services with prices in some of the major American metropolitan areas. The plumber’s app allows consumers to search for nearby plumbers and send repair or maintenance requests. Asia-Pacific was the largest region in the personal goods repair and maintenance market in 2022. Western Europe was the second-largest region in the global personal goods repair and maintenance market share. The regions covered in the global personal goods repair and maintenance market analysis report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the personal goods repair and maintenance market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The personal goods repair and maintenance market consists of revenues earned by entities that provide services such as Air-conditioners, window, repair and maintenance services, Furniture refinishing shops, Furniture reupholstering shops, Garden tool sharpening and repair services, Tool, home and garden, sharpening and repair services without retailing new home and garden tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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. The personal goods repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides personal goods repair and maintenance market statistics, including personal goods repair and maintenance industry global market size, regional shares, competitors with a personal goods repair and maintenance market share, detailed personal goods repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the repair and maintenance of the personal goods industry. This personal goods repair and maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The personal care ingredients are used in skincare, haircare, oral care, and make-up products. The ingredients used in the product are usually obtained through synthetic and natural sources. Synthetic materials include parabens, sodium lauryl sulfate, formaldehyde, and propylene glycol; whereas natural ingredients include cocoa butter, coconut oil, soy seeds, and essential oils. The main type of personal care ingredients are emollients, surfactants, emulsifiers, rheology modifiers, conditioning polymers, and others. . Emollients are the natural ingredients used in personal care products that help hair and skin to soften and moisturize. Surfactants are compounds that are compatible with water and oil which lower the surface tension between two liquids and are used to clean and foam in shampoos and hair conditioners, shower gels, liquid soaps and bath additives. Emulsifiers keep unlike ingredients such as oil and water from separating in an emulsion and are used in creams and lotions to mix water with oils. Rheology modifiers are thickeners or viscosity modifiers that give control over the viscosity, suspension and texture of advanced personal care and home care solutions. Conditioning polymers absorb into the proteins of the skin and hair improving skin feel and hair manageability, making the skin and hair softer and smoother. The types of sources for extracting personal care ingredients include natural and synthetic and these ingredients. These personal care ingredients are used in skincare, hair care, oral care, cosmetics, and other applications. The global personal care ingredients market is segmented - 1) By Ingredients: Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, Other Ingredients 2) By Source: Natural Ingredients, Synthetic Ingredients 3) By Application: Skin Care, Hair Care, Oral Care, Cosmetics, Other Applications The global personal care ingredients market size grew from $14.06 billion in 2022 to $15.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global personal care ingredients is expected to grow to $19.94 billion in 2027 at a CAGR of 7.1%. The increasing young population would contribute to the demand for personal care ingredients market in the forecast period. The growing desire to look good and presentable drives the demand for personal care products for the increasing youth population. For instance, in 2019, the global youth population aged 15 to 24 years was 1.2 billion, which is expected to increase to around 1.4 billion by 2065. The increase in the youth population is expected to drive the personal care products demand, thereby driving the market growth in the future. Major players in the personal care ingredients market are BASF SE, Ashland, Solvay, Dow, Clariant, Croda International PLC., Evonik Industries AG, J.M. Huber Corporation, Solvay S.A, Huntsman International LLC, The Lubrizol Corporation, Akzo Nobel N.V, Pharmacos, Nouryon, Lonza, Berkshire Hathaway Inc., KCC Corporation, Galaxy Surfactants, Oxiteno, Eastman Chemical Company, SABIC, Symrise, Sinerga S.p.A., SG Ceresco Inc., PRIDE SEEDS, Grain Millers Inc., Innospec, AEP Colloids, and Jarrow Formulas Inc. Side effects of chemical based personal care products could act as a restrain for the personal care ingredients market in the forecast period. The common side effects of using substandard quality and unregulated chemical based personal care products include allergies, discoloration, texture alteration or permanent damage to the skin or hair. Some common chemicals found in beauty products, like such as paraben, used as a preservative in deodorants, moisturizers, shampoos, body wash and makeup increases chances of breast cancer as it has a chemical structure similar to that of estrogen. The detrimental effects of using chemical based personal care products impacts the market for personal care ingredients in the forecast period. Key companies functioning in the market are focusing on new product innovations to meet the demand of the consumers and benefit the users while maximize revenues. For instance, in 2020, Germany based chemicals company, BASF SE partnered with Netherlands based Isobionics to launch Santalol, an alternative to sandalwood oil, produced on a biotechnological basis from renewable raw materials. The new alternative prevents depletion of natural resources and is suitable for use in perfumes and other personal care products. In June 2020, Givaudan, a Switzerland-based manufacturer of fragrances, flavors, and active cosmetic ingredients acquired Indena's cosmetics business for an undisclosed amount. The acquisition will expand the capabilities of Givaudann’s active beauty business with Indena’s commitment to continue manufacturing ingredients for Givaudan and to provide innovation capabilities and other supporting services to the company. Indena is an Italy-based company engaged in the development, identification, and production of high-quality active ingredients derived from plants, for use in the health food, pharmaceutical, and personal care industries. North America was the largest region in the personal care ingredients market in 2022. Europe was the second largest market in personal care ingredients market share . The regions covered in the personal care ingredients market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the personal care ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The personal care ingredients market consists of sales of preservatives, UV filters and antioxidants. 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 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. The personal care ingredients market research report is one of a series of new reports from The Business Research Company that provides personal care ingredients market statistics, including personal care ingredients industry global market size, regional shares, competitors with a personal care ingredients market share, detailed personal care ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the personal care ingredients industry. This personal care ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electrical steel refers to a ferromagnetic material made up of iron that contains varying amounts of silicon (Si) that range from 1% to 6.5%. It is a soft magnetic material with enhanced electrical properties that are widely used across applications such as small relays, solenoids, electric motors, generators, and many other electromagnetic devices. The main types of electrical steel include grain-oriented and non-grain-oriented. Grain-oriented electrical steel is used in efficient transformers and large, high-performance generators. Grain oriented electrical steel contains 3% silicon steel that is processed under carefully controlled conditions and is used in transformers and generators. Electrical steel is used in different industries such as energy, automotive, household appliances, and manufacturing for applications in large power transformers, distribution transformers, small transformers, power generators, and audio transformers. The global electrical steel market is segmented - 1) By Type: Grain-Oriented, Non-Grain-Oriented 2) By Industry: Energy, Automotive, Household Appliances, Manufacturing 3) By Application: Large Power Transformers, Distribution Transformers, Small Transformers, Power Generators, Audio Transformers The global electrical steel market size will grow from $26.47 billion in 2022 to $28.3 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global electrical steel is expected to grow to $36.9 billion in 2027 at a CAGR of 6.9%. Increasing demand for electric and hybrid vehicles is significantly contributing to the growth of the electrical steel market. Electrical steel has high flux density and low iron loss properties, and is thus used in electric motors to realise high motor efficiency. For instance, in countries like China, the US, and Europe, the sales of electric cars increased by nearly 160% in the first half of 2021 over 2020 in the same period. According to research firm Wards Intelligence, US hybrid vehicle sales in 2021 jumped 76% over the previous year. Thus, increasing demand for electric and hybrid vehicles will contribute to the growth of the electric vehicle market. Major players in the electrical steel market are ThyssenKrupp AG, TISCO, Nippon Steel, Posco, JFE Steel, Nicore Electrical Manufactory Co. Ltd., Voestalpine, ArcelorMittal, AK Steel (Cleveland-Cliffs), SAIL, Cogent Power Ltd., Tempel Steel Company, Phoenix Mecano AG, JFE Steel Corporation, Leicong Industrial Co., Ltd., United States Steel Corporation, Novolipetsk Steel and Allegheny Technologies Inc.,. The increasing development of sustainable products is a key trend gaining popularity in the electric steel market. Companies in the market are focusing on manufacturing electric steel that is environmentally friendly and emits fewer greenhouse gases. For instance, in 2022, Germany-based steel manufacturer, ThyssenKrupp AG, developed electric steel with 50% lower CO2 emissions for use in power and distribution transformers. The low-emission electric steel has low core losses and thus achieves high current transport efficiencies. ThyssenKrupp would supply it for manufacturing transformers with CO2-reduced electrical steel for new digital E.ON medium-voltage stations in Germany. In November 2021, a US-based industrial metals manufacturer, Worthington Industries, Inc., announced the acquisition of Tempel Steel Company for $255 million. The acquisition would make Worthington Industries a leading company in the rapidly growing electrical steel market that includes transformers, machine motors, and electric vehicle (EV) motors. Tempel Steel Company is a US-based steel company offering precision motors and transformer laminations for the electrical steel market. Asia-Pacific was the largest region in the electrical steel market in 2022. North America is expected to be the fastest-growing region in the forecast period.The regions covered in the electrical steel market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electrical steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electrical steel market consists of sales of silicon steel, transformer steel, or lamination steel.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 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. The electrical steel market research report is one of a series of new reports from The Business Research Company that provides electrical steel market statistics, including electrical steel industry global market size, regional shares, competitors with electrical steel market share, detailed electrical steel market segments, market trends and opportunities, and any further data you may need to thrive in the electrical steel industry. This electrical steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electrical conduit refer to tubes in which electrical wires are housed for a variety of building or structural applications. It protects and routes electrical wiring in a building or structure. The use of an electrical conduit protects wires from damage from the outside environment for a long time and gives them a proper passage. The main types of electrical conduit are rigid and flexible. Rigid electrical conduit is typically used outdoors to provide protection from damage and can provide structural support for electrical cables, panels, and other equipment. Flexible electrical conduit has a spiral construction that makes it flexible so it can snake through walls and other structures. It is generally used in dry indoor locations, often for short runs between a wall box and a motor or fixed appliance, such as a garbage disposer. The different electrical conduit materials include metallic and non-metallic and are used in various end-use industries such as building and construction, industrial manufacturing, IT and telecom, oil and gas, energy and utility, and others. The global electrical conduit market is segmented - 1) By Type: Rigid, Flexible 2) By Material: Metallic, Non Metallic 3) By End Use Industry: Building And Construction, Industrial Manufacturing, IT And Telecom, Oil And gas, Energy And Utility, Other End-Users The global electrical conduit market size grew from $6.3 billion in 2022 to $6.9 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The global electrical conduit market size is expected to grow to $9.65 billion in 2027 at a CAGR of 8.7%. The rise in demand for electricity or power generation is expected to drive the electrical conduit market. The rise in demand for electricity generation is caused by the rapid pace of industrialization and urbanization, which creates the need for electrical conduits. According to the new IEA (International Energy Agency) report in 2021, there is an expected rise of 5% in electricity demand. In another instance, according to Canada’s Upstream Oil & Natural Gas Industry, with the global population expected to increase by about two billion over the next two decades, it is estimated that by 2040, electricity generation is expected to increase by 49%. Therefore, the rise in demand for electric power generation is expected to drive the growth of the electrical conduit market. Major players in the electrical conduit market are ABB Group, Ali Axis Group, Atkore International Group, Inc., Cantex, Inc., Champion Fiberglass, Inc., China Lesso Group Holdings Ltd., Dura-Line Corporation, HellermannTyton Group PLC., Hubbell Incorporated, Legrand, Nan Ya Plastics Corporation, OPW Corporation, Robroy Industries Inc., Schneider Electric SE, Sekisui Chemical Co, Thomas and Betts Corporation, Wienerberger AG, Zekelman Industries Inc., AFC Cable Systems, AKG Group, Anamet Electrical, Inc., Astral Poly Technik Ltd., Calpipe Industries Incorporated, D.P. Jindal Group, Eaton Corporation PLC., Electri-Flex Company, igus Inc., International Metal Hose Company, and JM Eagle. Technological advancements are a key trend gaining popularity in the electrical conduit market. Companies in the electrical conduit market are continuously focusing on innovations for better and safer conduit systems. For instance, in 2021, Finolex Cables, an India-based electric cable company, added conduits and fittings for its repository. The specially formulated PVC is made up of high-impact resistant materials, which makes them safe for use across diverse environmental conditions and meets the most stringent international standards. In October 2020, Atkore International Group Inc., a USA-based cable management company, acquired the assets of Queen City Plastics, Inc. for an undisclosed amount. The acquisition is expected to strengthen Atkore’s existing product portfolio and enable it to better serve customers in the Southeast and mid-Atlantic regions of the United States. Queen City Plastics is a USA-based manufacturer of PVC conduit, elbows, and fittings for the electrical market. Asia-Pacific was the largest region in the electrical conduit market in 2022. Asia-Pacific is expected to be the fastest growing market in the electric conduit market during the forecast period. The regions covered in electrical conduit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electrical conduit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electrical conduit market consists of sales of conduit bodies, bends, coupling, drains. 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 electrical conduit market includes related services sold by the creators of the goods. 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. The electrical conduit market research report is one of a series of new reports from The Business Research Company that provides electrical conduit market statistics, including electrical conduit industry global market size, regional shares, competitors with an electrical conduit market share, detailed electrical conduit market segments, market trends and opportunities, and any further data you may need to thrive in the electrical conduit industry. This electrical conduit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

General electrical equipment is defined as an electronic device that generates, distributes, and uses electrical power. The main types in the general electrical and electrical equipment and components market are online, offline, and offline. In general, online mode refers to the online mode of electrical equipment used by customers.The various sales channels are OEM and aftermarket. These are used in the commercial and residential segments. The global general electrical equipment and components market is segmented - 1) By Mode: Online, Offline 2) By Sales Channel: OEM, Aftermarket 3) By End User: Commercial, Residential The global general electrical equipment and components market size will grow from $80.21 billion in 2022 to $87.51 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global general electrical equipment and components is expected to grow to $120.33 billion in 2027 at a CAGR of 8.3%. Electrical equipment is being equipped with IoT (Internet Of Things) which provides an edge on how tools are controlled and managed. IoT is the network of physical devices, vehicles, and other items embedded with electronics, software, sensors, actuators, and connectivity that enables them to connect, collect and exchange data. IoT is useful for reliable transmission, intelligent processing, and electrical safety during overcurrent or overvoltage and can be operated remotely. For instance, August Home released Doorbell Cam Pro which enables the owner to answer the door from any location. Thus, IoT is positively impacting the sales of electrical equipment and contributes to the growth of the general electrical equipment and components market. Major players in the general electrical equipment and components market are Panasonic Corporation, Samsung Electronics Co Ltd., ABB Ltd., Sumitomo Electric Industries Ltd., Toshiba Corporation, Eaton, Emerson Electric, Schneider Electric, Siemens, Wix.com Inc., and Automattic Inc. Government regulations related to the environment and product quality significantly affect the electrical equipment manufacturing companies. These regulations increase the operating expenses throughout the supply chain including production, packaging, distribution, and electronic equipment disposal. For example, large American companies with employees of more than 100, have paid an amount of $9,083 per employee in regulatory costs. In total, the regulatory cost is around USD 2.03 trillion though out the electronics sectors and other American industries. Thus, stringent government regulations obstruct the growth of the electrical equipment and component market. Consumers are increasingly adopting tools and devices equipped with smart technology as they maximize security, increase energy efficiency, improve appliance functionality, and are more convenient and flexible. The demand for smart homes and office spaces is increasing by the day. Innovation, adoption, and deployment of new technologies in various electrical equipment are making the world smarter. High-end technology devices are easy to use and help in the smooth flow of regular activities, encouraging companies to cater to such needs. For example, Philips has developed a personal wireless lighting system for smart homes that is easy to control and creates the perfect ambiance. Moreover, in August 2021, according to TradingPlatforms, a UK-based online media company, smart home users in the US amounted to 47.4 million in the year 2021, with the highest penetration rate of 40.1% and a penetration rate of 37.4%, respectively. The UK is the country with the second-highest number of smart homes worldwide. Thus, the adoption of high-end technologies directly impacts sales in the general electrical equipment and components market. In March 2021, Siemens, a German multinational conglomerate company, acquired C&S Electric Limited for a deal of $285.27 million (INR 21 billion). Through this acquisition, Siemens aims to gain access to the Indian market and develop an export hub for supplying low-voltage products. C&S Electric Limited is an India-based electric equipment manufacturer. Asia-Pacific was the largest region in the general electrical equipment and components market in 2022. North America is the second-largest region in the global general electrical equipment and components market share. The regions covered in the global general electrical equipment and components market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the general electrical equipment cables market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The general electrical equipment and components market consist of sales of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors, and other general electrical equipment. 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 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. The general electrical equipment and components market research report is one of a series of new reports from The Business Research Company that provides general electrical equipment and components market statistics, including general electrical equipment and components industry global market size, regional shares, competitors with general electrical equipment and components market share, detailed general electrical equipment and components market segments, market trends and opportunities, and any further data you may need to thrive in the general electrical equipment and components industry. This general electrical equipment and components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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. The global electrical and electronics market is segmented - 1) By Type: Electrical Equipment, Measuring and Control Instruments, Electronic Products 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables, Other Electrical Equipment, Electronic Products And Components, Navigational, Measuring, Electro medical And Control Instruments, Audio And Video Equipment, Semiconductor And Other Electronic Component The global electrical and electronics market size grew from $3454.94 billion in 2022 to $3739.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of electrical and electronics is expected to grow to $4986.91 billion in 2027 at a CAGR of 7.5%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electrical and electronics products. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and the latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of the electrical and electronics market during the forecast period. Major companies in the electrical and electronics market include Samsung Electronics Co. Ltd., Siemens AG, LG Electronics, Taiwan Semiconductor Mfg. Co Ltd., Panasonic Corporation, Thermo Fisher Scientific, Apple, Haier Smart Home Co., Ltd., Schneider Electric SE, and SK Hynix Inc. Virtual reality technology is being adopted by electronic manufacturing companies to improve manufacturing efficiency. This technology in the electrical and electronics industry analysis is often referred to as digital design, simulation, and integration. Virtual reality minimizes the scope for product defects in the 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. For instance, some of the major companies adopting virtual reality include Integrated Microelectronics, Inc., Flextronics International Ltd., Benchmark Electronics, Inc., and Kimball International. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical and electronics manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the electrical and electronics market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Asia-Pacific was the largest region in the global electrical and electronics market in 2022. North America was the second largest region in the electrical and electronics market share. The regions covered in the electrical and electronics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electrical and electronics market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. 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. 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. The electrical and electronics market research report is one of a series of new reports from The Business Research Company that provides electrical and electronics market statistics, including electrical and electronics industry global market size, regional shares, competitors with an electrical and electronics market share, detailed electrical and electronics market segments, market trends and opportunities, and any further data you may need to thrive in the electrical and electronics industry. This electrical and electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.