General Electrical Equipment And Components Global Market Report 2022 – By Mode (Online, Offline), By Sales Channel (OEM, Aftermarket), By End-User (Commercial, Residential) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : February 2022 | SKU CODE : 7392 | Delivery Time: 2-3 business days | Format :


The general electrical equipment and component market consist of sales of general electrical equipment and component by entities (organizations, sole traders, and partnerships) that manufacture general electrical equipment and component. The general electrical equipment and component consist of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors among others.

The main types in general electrical and electrical equipment and components market are online; offline and offline. Online mode in general electrical equipment refers to the online mode of electrical equipment used by the customers. The various sales channels are OEM and aftermarket. These are used in commercial and residential segments.

The global general electrical equipment and components market size is expected to grow from $69.41 billion in 2021 to $71.74 billion in 2022 at a compound annual growth rate (CAGR) of 3.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The general electrical equipment and component market is expected to reach $75.39 billion in 2026 at a CAGR of 0.6%.

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 that 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 market.

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 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, are more convenient and flexible. 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 a 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 are easy to control and creates the perfect ambiance. Moreover, in 2019, the average revenue per installed smart home was US $77.07. Thus, the adoption of high-end technologies directly impacts sales in the general electrical equipment and components market.

In March 2019, Siemens, a German multinational conglomerate company announced plans to acquire the solar string inverter business of KACO new energy GmbH for an undisclosed amount. This acquisition will give Siemens access to the latest technology in energy and KACO will benefit from the resource required to expand. KACO new energy is a German manufacturer offering inverter and system technology for solar power plants.

Major players in the general electrical equipment 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.

Asia Pacific is the largest region in the general electrical equipment and components market in 2021. North America is the second-largest region in the general electrical equipment and component market. The regions covered in the general electrical equipment market 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 and component market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia.

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

    Table Of Contents

    1. Executive Summary

    2. General Electrical Equipment And Component Market Characteristics

    3. General Electrical Equipment And Component Market Size And Growth

    3.1. Global General Electrical Equipment And Component Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global General Electrical Equipment And Component Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. General Electrical Equipment And Component Market Segmentation

    4.1. Global General Electrical Equipment And Component Market, Segmentation By Mode, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Online

    Offline

    4.2. Global General Electrical Equipment And Component Market, Segmentation By Sales Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    OEM

    Aftermarket

    4.3. Global General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Commercial

    Residential

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

    5.1. Global General Electrical Equipment And Component Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global General Electrical Equipment And Component Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific General Electrical Equipment And Component Market

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

    6.2. Asia-Pacific General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China General Electrical Equipment And Component Market

    7.1. China General Electrical Equipment And Component Market Overview

    7.2. China General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India General Electrical Equipment And Component Market

    8.1. India General Electrical Equipment And Component Market Overview

    8.2. India General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan General Electrical Equipment And Component Market

    9.1. Japan General Electrical Equipment And Component Market Overview

    9.2. Japan General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia General Electrical Equipment And Component Market

    10.1. Australia General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia General Electrical Equipment And Component Market

    11.1. Indonesia General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea General Electrical Equipment And Component Market

    12.1. South Korea General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe General Electrical Equipment And Component Market

    13.1. Western Europe General Electrical Equipment And Component Market Overview

    13.2. Western Europe General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK General Electrical Equipment And Component Market

    14.1. UK General Electrical Equipment And Component Market Overview

    14.2. UK General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany General Electrical Equipment And Component Market

    15.1. Germany General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France General Electrical Equipment And Component Market

    16.3. France General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe General Electrical Equipment And Component Market

    17.1. Eastern Europe General Electrical Equipment And Component Market Overview

    17.2. Eastern Europe General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia General Electrical Equipment And Component Market

    18.1. Russia General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America General Electrical Equipment And Component Market

    19.1. North America General Electrical Equipment And Component Market Overview

    19.2. North America General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA General Electrical Equipment And Component Market

    20.1. USA General Electrical Equipment And Component Market Overview

    20.2. USA General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America General Electrical Equipment And Component Market

    21.1. 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, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil General Electrical Equipment And Component Market

    22.1. Brazil General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. The Middle East General Electrical Equipment And Component Market

    23.1. The Middle East General Electrical Equipment And Component Market Overview

    23.2. The Middle East General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa General Electrical Equipment And Component Market

    24.1. Africa General Electrical Equipment And Component Market Overview

    24.2. Africa General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

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

    25.1. General Electrical Equipment And Component Market Competitive Landscape

    25.2. General Electrical Equipment And Component Market Company Profiles

    25.2.1. Panasonic Corporation

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Samsung Electronics Co Ltd,

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. ABB Ltd

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Sumitomo Electric Industries Ltd

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Toshiba Corporation

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

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

    27. General Electrical Equipment And Component Market Trends And Strategies

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

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global General Electrical Equipment And Component Market, Segmentation By Mode, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global General Electrical Equipment And Component Market, Segmentation By Sales Channelr, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global General Electrical Equipment And Component Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Global General Electrical Equipment And Component Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: China, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: India, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Japan, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Australia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: Indonesia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: South Korea, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: Western Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: UK, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: Germany, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: France, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: Russia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: North America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: USA, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: South America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Brazil, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Middle East, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Africa, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global General Electrical Equipment And Component Market, Segmentation By Mode, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global General Electrical Equipment And Component Market, Segmentation By Sales Channelr, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global General Electrical Equipment And Component Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Global General Electrical Equipment And Component Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: China, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: India, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Japan, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Australia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: Indonesia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: South Korea, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: Western Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: UK, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: Germany, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: France, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: Russia, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: North America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: USA, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: South America, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Brazil, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Middle East, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Africa, General Electrical Equipment And Component Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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
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