The General Electrical Equipment And Components Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s General Electrical Equipment And Components Global Market Report 2024, The general electrical equipment and components market size has grown strongly in recent years. It will grow from $87.17 billion in 2023 to $93.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrialization, technological advancements, urbanization, energy demand.
The general electrical equipment and components market size is expected to see strong growth in the next few years. It will grow to $121.73 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to renewable energy, electrification, smart grids, digitalization. Major trends in the forecast period include electrification and renewable energy, smart and iot-enabled devices, digitalization and industry 4.0, battery technology.
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.
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The general electrical equipment and components market covered in this report is segmented –
1) By Mode: Online; Offline
2) By Sales Channel: OEM; Aftermarket
3) By End User: Commercial; Residential
The general electrical equipment and components market report table of contents includes:
1. Executive Summary
2. General Electrical Equipment And Components Market Characteristics
3. General Electrical Equipment And Components Market Trends And Strategies
4. General Electrical Equipment And Components Market - Macro Economic Scenario
5. Global General Electrical Equipment And Components Market Size and Growth
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31. Global General Electrical Equipment And Components Market Competitive Benchmarking
32. Global General Electrical Equipment And Components Market Competitive Dashboard
33. Key Mergers And Acquisitions In The General Electrical Equipment And Components Market
34. General Electrical Equipment And Components Market Future Outlook and Potential Analysis
35. Appendix
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General Electrical Equipment and Components Market:WiseGuyReports.com adds “General Electrical Equipment and Components Global Market Report 2020-30” reports to its database.Executive SummaryThe global general electrical equipment and component market was worth $373.73 billion in 2019.
These regulations increase the operating expenses throughout the supply chain including production, packaging, distribution and electronic equipment disposal.
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 are increasing by the day.
Innovation, adoption and deployment of new technologies in various electrical equipment is making the world smarter.
High end technology devices are easy to use and help in smooth flow of regular activities encouraging companies to cater to such needs.
The Business Research Company published its General Electrical Equipment And Components Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global general electrical equipment and components market.
The report covers the general electrical equipment and components market’s segments- by end user: commercial; residential.View Complete Report: https://www.thebusinessresearchcompany.com/report/general-electrical-equipment-and-components-global-market-report-2020-30-covid-19-impact-and-recoveryGeneral Electrical Equipment And Components Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.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.
Demand for smart homes and office spaces are increasing by the day.
The Business Research Company published its General Electrical Equipment And Components Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global general electrical equipment and component market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the general electrical equipment and component market’s segments- 1) By End User: Commercial, ResidentialView Complete Report: https://www.thebusinessresearchcompany.com/report/general-electrical-equipment-and-components-global-market-report-2020-30-covid-19-impact-and-recovery General Electrical Equipment And Components Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
It is expected to grow at a compound annual growth rate of 8.59% and reach $519.65 billion by 2023.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.
Demand for smart homes and office spaces are increasing by the day.
Innovation, adoption and deployment of new technologies in various electrical equipment is making the world smarter.
