General Electrical Equipment And Components Market Report 2023

General Electrical Equipment And Components Global Market Report 2023 – By Mode (Online, Offline), By Sales Channel (OEM, Aftermarket), By EndUser (Commercial, Residential) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | Delivery Time: 2-3 business days | Format :

Need assistance or more information before the purchase?

Enquire Before Buying
General Electrical Equipment And Components Market

Proud Members Of

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.

    Table Of Contents

    1. Executive Summary

    2. General Electrical Equipment And Component Market Characteristics

    3. General Electrical Equipment And Component Market – Macro Economic Scenario

    3.1 COVID-19 Impact On General Electrical Equipment And Component Market

    3.2 Ukraine-Russia War Impact On General Electrical Equipment And Component Market

    3.3 Impact Of High Inflation On General Electrical Equipment And Component Market

    4. General Electrical Equipment And Component Market Size And Growth

    4.1. Global General Electrical Equipment And Component Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global General Electrical Equipment And Component Forecast Market, 2022 - 2027F, 2032F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. General Electrical Equipment And Component Market Segmentation

    5.1. Global General Electrical Equipment And Component Market, Segmentation By Mode, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Online

    Offline

    5.2. Global General Electrical Equipment And Component Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    OEM

    Aftermarket

    5.3. Global General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Commercial

    Residential

    6. General Electrical Equipment And Component Market Regional And Country Analysis

    6.1. Global General Electrical Equipment And Component Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    6.2. Global General Electrical Equipment And Component Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    7. Asia-Pacific General Electrical Equipment And Component Market

    7.1. Asia-Pacific General Electrical Equipment And Component Market Overview

    7.2. Asia-Pacific General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. China General Electrical Equipment And Component Market

    8.1. China General Electrical Equipment And Component Market Overview

    8.2. China General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9. India General Electrical Equipment And Component Market

    9.1. India General Electrical Equipment And Component Market Overview

    9.2. India General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10. Japan General Electrical Equipment And Component Market

    10.1. Japan General Electrical Equipment And Component Market Overview

    10.2. Japan General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Australia General Electrical Equipment And Component Market

    11.1. Australia General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Indonesia General Electrical Equipment And Component Market

    12.1. Indonesia General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. South Korea General Electrical Equipment And Component Market

    13.1. South Korea General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. Western Europe General Electrical Equipment And Component Market

    14.1. Western Europe General Electrical Equipment And Component Market Overview

    14.2. Western Europe General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. UK General Electrical Equipment And Component Market

    15.1. UK General Electrical Equipment And Component Market Overview

    15.2. UK General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. Germany General Electrical Equipment And Component Market

    16.1. Germany General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. France General Electrical Equipment And Component Market

    17.3. France General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. Eastern Europe General Electrical Equipment And Component Market

    18.1. Eastern Europe General Electrical Equipment And Component Market Overview

    18.2. Eastern Europe General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. Russia General Electrical Equipment And Component Market

    19.1. Russia General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. North America General Electrical Equipment And Component Market

    20.1. North America General Electrical Equipment And Component Market Overview

    20.2. North America General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. USA General Electrical Equipment And Component Market

    21.1. USA General Electrical Equipment And Component Market Overview

    21.2. USA General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. South America General Electrical Equipment And Component Market

    22.1. South America General Electrical Equipment And Component Market Overview

    21.2. South America General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. Brazil General Electrical Equipment And Component Market

    23.1. Brazil General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Middle East General Electrical Equipment And Component Market

    24.1. Middle East General Electrical Equipment And Component Market Overview

    24.2. Middle East General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Africa General Electrical Equipment And Component Market

    25.1. Africa General Electrical Equipment And Component Market Overview

    25.2. Africa General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26. General Electrical Equipment And Component Market Competitive Landscape And Company Profiles

    26.1. General Electrical Equipment And Component Market Competitive Landscape

    26.2. General Electrical Equipment And Component Market Company Profiles

    26.2.1. Panasonic Corporation

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Samsung Electronics Co Ltd.,

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. ABB Ltd

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Sumitomo Electric Industries Ltd

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Toshiba Corporation

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The General Electrical Equipment And Component Market

    28. General Electrical Equipment And Component Market Trends And Strategies

    29. General Electrical Equipment And Component Market Future Outlook and Potential Analysis

    29. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Table 3: Global General Electrical Equipment And Component Market, Segmentation By Mode, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global General Electrical Equipment And Component Market, Segmentation By Sales Channelr, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global General Electrical Equipment And Component Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global General Electrical Equipment And Component Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: China, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: India, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: Japan, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: Australia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: Indonesia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: South Korea, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: Western Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: UK, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: Germany, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: France, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: Russia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: North America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: USA, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: South America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: Brazil, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: Middle East, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Africa, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Panasonic Corporation Financial Performance
  • Table 28: Samsung Electronics Co Ltd., Financial Performance
  • Table 29: ABB Ltd Financial Performance
  • Table 30: Sumitomo Electric Industries Ltd Financial Performance
  • Table 31: Toshiba Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 3: Global General Electrical Equipment And Component Market, Segmentation By Mode, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global General Electrical Equipment And Component Market, Segmentation By Sales Channelr, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global General Electrical Equipment And Component Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global General Electrical Equipment And Component Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: China, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: India, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: Japan, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: Australia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: Indonesia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: South Korea, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: Western Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: UK, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: Germany, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: France, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: Russia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: North America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: USA, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: South America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: Brazil, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: Middle East, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Africa, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Panasonic Corporation Financial Performance
  • Figure 28: Samsung Electronics Co Ltd., Financial Performance
  • Figure 29: ABB Ltd Financial Performance
  • Figure 30: Sumitomo Electric Industries Ltd Financial Performance
  • Figure 31: Toshiba Corporation Financial Performance
View Report
View Report
View Report
View Report
View Report
View Report
View Report
View Report