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Electrical Equipment Market (2024 Edition): Analysis by Product Type, End User, Region, Country: Market Insights and Forecast (2020-2030)

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    Report

  • 222 Pages
  • November 2024
  • Region: Global
  • Azoth Analytics
  • ID: 6021318
Description Jump to:
This report provides a complete analysis of the Global Electrical Equipment industry for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030. The report analyses the Electrical Equipment Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, China, India, Japan, South Korea).

The Global Electrical Equipment market showcased growth at a CAGR of 4.33% during 2020-2023. The market was valued at USD 1.54 trillion in 2023 which is expected to reach USD 2.17 trillion in 2030.

The world’s population is steadily increasing, projected to reach nearly 10 billion by 2050. Global concerns over energy consumption and environmental sustainability have led to a growing demand for energy-efficient electrical equipment. Governments worldwide are implementing strict energy efficiency regulations and standards, pushing industries, businesses, and households to adopt electrical devices that minimize energy waste.

Energy-efficient technologies help reduce operational costs, lower carbon footprints, and ensure compliance with regulatory requirements. In the industrial sector, energy-efficient motors, transformers, and electrical machinery are in high demand as manufacturers seek to improve productivity while minimizing energy consumption. Advanced motor control systems, such as variable frequency drives (VFDs), optimize the performance of electrical motors by adjusting their speed and power output to match the required load, resulting in energy savings. Similarly, energy-efficient lighting systems, such as LEDs, are increasingly being adopted across residential, commercial, and industrial sectors.

Moreover, the sustainability trend is also driving demand for electrical equipment designed to support green buildings, smart grids, and renewable energy systems. As energy efficiency becomes a critical consideration for consumers and businesses alike, manufacturers are focusing on producing innovative electrical devices that align with sustainability goals. This has led to the introduction of high-performance electrical equipment with improved energy ratings, advanced control features, and reduced environmental impact.

The ongoing development and modernization of infrastructure worldwide is another key driver of demand for electrical equipment. Urbanization, population growth, and economic expansion have necessitated the upgrading and expansion of power grids, transportation systems, and industrial facilities. From power generation plants to transmission lines and distribution networks, the need for reliable electrical infrastructure is greater than ever. Additionally, in developed regions, governments are investing in upgrading aging electrical grids to enhance reliability, resilience, and energy efficiency. The modernization of grid infrastructure requires a wide range of electrical equipment, including smart meters, automated control systems, and advanced transformers. Smart grids, in particular, are becoming essential for managing the complexity of modern energy systems, integrating renewable energy sources, and improving grid stability.

In developing regions, the construction of new infrastructure projects, such as highways, airports, and industrial parks, is creating a strong demand for electrical equipment. Mega infrastructure initiatives, such as China's Belt and Road Initiative, involve large-scale investments in power generation and transmission infrastructure across multiple countries. These projects require significant quantities of electrical equipment to ensure the smooth delivery of energy to support economic development.

The electrification of the transportation sector is an emerging trend that is significantly driving demand for electrical equipment. The shift towards electric vehicles (EVs), electric buses, and electric trains is accelerating as governments implement policies to reduce greenhouse gas emissions and promote sustainable mobility. This transition requires extensive electrical infrastructure, including charging stations, grid upgrades, and energy storage systems. The growing adoption of electric vehicles has led to a surge in demand for charging infrastructure, which depends on electrical equipment such as transformers, power converters, and metering systems. In addition, the integration of EVs into the grid presents new challenges for energy management, necessitating advanced electrical systems to balance load demand and prevent grid overloads. Beyond road transportation, the electrification of railways and public transportation systems is also contributing to the increased demand for electrical equipment. Electrified rail networks require specialized transformers, substations, and power distribution systems to ensure reliable operation. As transportation continues to shift towards electrification, the global electrical equipment market will experience further growth.

In many emerging markets, a significant portion of the population still lacks access to electricity, especially in rural areas. Governments are prioritizing rural electrification initiatives to improve living standards, promote economic development, and reduce poverty. Expanding electricity access to these underserved regions requires large investments in electrical infrastructure, including power lines, distribution networks, and off-grid systems. These electrification programs often focus on deploying low-voltage transformers, distribution panels, and mini-grids in remote locations. Electrical equipment manufacturers are benefiting from the increased demand for products that facilitate rural electrification, particularly in countries like India, Bangladesh, Nigeria, and Kenya, where rural electrification is a key policy priority.

Many emerging economies are experiencing rapid industrialization as part of broader economic development plans. Industries such as manufacturing, mining, and agriculture are expanding and require large-scale electricity access to power machinery, processing plants, and other equipment. This growth is driving demand for motors, generators, industrial transformers, and other electrical products designed to support heavy industrial applications. To support industrial development, governments and private companies are investing heavily in the expansion and modernization of electricity generation, transmission, and distribution infrastructure, leading to significant demand for transmission lines, substation equipment, and distribution transformers.

Scope of the Report

  • The report analyses the Electrical Equipment Market by Value (USD Billion).
  • The report analyses the Electrical Equipment Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, China, India, Japan, South Korea).
  • The report presents the analysis of Electrical Equipment Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
  • The report analyses the Electrical Equipment Market by Product Type (Transmission and Distribution Equipment, Power Generation Equipment, Lighting Equipment, Wiring Devices and Electrical Accessories and Other Product Types).
  • The report analyses the Electrical Equipment Market by End User (Industrial, Commercial and Residential).
  • The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Products, by mode of operation & by end users.
  • Also, the major opportunities, trends, drivers, and challenges of the industry has been analysed in the report.
  • The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report are Samsung Electronics Co Ltd., Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Honeywell International Inc., ABB Ltd., Siemens AG, Schneider Electric SE, Vertiv Holdings Co, Eaton Corporation PLC and General Electric Co.

Table of Contents

1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
2.1 Integration of Internet of Things (IoT) in Electrical Equipment
2.2 Integration of Digital Twins and Predictive Maintenance
3. Global Electrical Equipment Market: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global Electrical Equipment Market
3.2 Global Electrical Equipment Market: Dashboard
3.3 Global Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
3.4 Global Electrical Equipment Market: Market Value Assessment
3.5 Global Electrical Equipment Market Segmentation: by Product Type
3.5.1 Global Electrical Equipment Market, by Product Type Overview
3.5.2 Market Attractiveness Analysis of Global Electrical Equipment Market, by Product Type (2025-2030)
3.5.3 Global Electrical Equipment Market Size, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.4 Global Electrical Equipment Market Size, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.5 Global Electrical Equipment Market Size, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.6 Global Electrical Equipment Market Size, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.7 Global Electrical Equipment Market Size, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
3.6 Global Electrical Equipment Market Segmentation: by End User
3.6.1 Global Electrical Equipment Market, by End User Overview
3.6.2 Market Attractiveness Analysis of Global Electrical Equipment Market, by End User (2025-2030)
3.6.3 Global Electrical Equipment Market Size, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
3.6.4 Global Electrical Equipment Market Size, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
3.6.5 Global Electrical Equipment Market Size, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
4. Electrical Equipment Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Electrical Equipment Market: Historic and Forecast
5.1 Americas Electrical Equipment Market: Snapshot
5.2 Americas Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.3 Americas Electrical Equipment Market: Key Factors
5.4 Americas Electrical Equipment Market: Segment Analysis
5.5 Americas Electrical Equipment Market Segmentation: by Product Type
5.5.1 Americas Electrical Equipment Market, by Product Type Overview
5.5.2 Americas Electrical Equipment Market Size, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
5.5.3 Americas Electrical Equipment Market Size, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
5.5.4 Americas Electrical Equipment Market Size, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
5.5.5 Americas Electrical Equipment Market Size, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
5.5.6 Americas Electrical Equipment Market Size, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
5.6 Americas Electrical Equipment Market Segmentation: by End User
5.6.1 Americas Electrical Equipment Market, by End User Overview
5.6.2 Americas Electrical Equipment Market Size, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
5.6.3 Americas Electrical Equipment Market Size, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
5.6.4 Americas Electrical Equipment Market Size, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
5.7 Americas Electrical Equipment Market Segmentation: by Country
5.7.1 Americas Electrical Equipment Market, by Country Overview
5.7.2 United States Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.7.2.1 United States Electrical Equipment Market, by Product Type
5.7.2.2 United States Electrical Equipment Market, by End User
5.7.3 Canada Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.7.3.1 Canada Electrical Equipment Market, by Product Type
5.7.3.2 Canada Electrical Equipment Market, by End User
5.7.4 Brazil Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.7.4.1 Brazil Electrical Equipment Market, by Product Type
5.7.4.2 Brazil Electrical Equipment Market, by End User
5.7.5 Rest of Americas Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.7.5.1 Rest of Americas Electrical Equipment Market, by Product Type
5.7.5.2 Rest of Americas Electrical Equipment Market, by End User
6. Europe Electrical Equipment Market: Historic and Forecast
6.1 Europe Electrical Equipment Market: Snapshot
6.2 Europe Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.3 Europe Electrical Equipment Market: Key Factors
6.4 Europe Electrical Equipment Market: Segment Analysis
6.5 Europe Electrical Equipment Market Segmentation: by Product Type
6.5.1 Europe Electrical Equipment Market, by Product Type Overview
6.5.2 Europe Electrical Equipment Market Size, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
6.5.3 Europe Electrical Equipment Market Size, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
6.5.4 Europe Electrical Equipment Market Size, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
6.5.5 Europe Electrical Equipment Market Size, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
6.5.6 Europe Electrical Equipment Market Size, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
6.6 Europe Electrical Equipment Market Segmentation: by End User
6.6.1 Europe Electrical Equipment Market, by End User Overview
6.6.2 Europe Electrical Equipment Market Size, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
6.6.3 Europe Electrical Equipment Market Size, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
6.6.4 Europe Electrical Equipment Market Size, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
6.7 Europe Electrical Equipment Market Segmentation: by Country
6.7.1 Europe Electrical Equipment Market, by Country Overview
6.7.2 Germany Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.7.2.1 Germany Electrical Equipment Market, by Product Type
6.7.2.2 Germany Electrical Equipment Market, by End User
6.7.3 United Kingdom Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.7.3.1 United Kingdom Electrical Equipment Market, by Product Type
6.7.3.2 United Kingdom Electrical Equipment Market, by End User
6.7.4 France Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.7.4.1 France Electrical Equipment Market, by Product Type
6.7.4.2 France Electrical Equipment Market, by End User
6.7.5 Rest of Europe Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.7.5.1 Rest of Europe Electrical Equipment Market, by Product Type
6.7.5.2 Rest of Europe Electrical Equipment Market, by End User
7. Asia-Pacific Electrical Equipment Market: Historic and Forecast
7.1 Asia-Pacific Electrical Equipment Market: Snapshot
7.2 Asia-Pacific Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.3 Asia-Pacific Electrical Equipment Market: Key Factors
7.4 Asia-Pacific Electrical Equipment Market: Segment Analysis
7.5 Asia-Pacific Electrical Equipment Market Segmentation: by Product Type
7.5.1 Asia-Pacific Electrical Equipment Market, by Product Type Overview
7.5.2 Asia-Pacific Electrical Equipment Market Size, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
7.5.3 Asia-Pacific Electrical Equipment Market Size, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
7.5.4 Asia-Pacific Electrical Equipment Market Size, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
7.5.5 Asia-Pacific Electrical Equipment Market Size, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
7.5.6 Asia-Pacific Electrical Equipment Market Size, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
7.6 Asia-Pacific Electrical Equipment Market Segmentation: by End User
7.6.1 Asia-Pacific Electrical Equipment Market, by End User Overview
7.6.2 Asia-Pacific Electrical Equipment Market Size, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
7.6.3 Asia-Pacific Electrical Equipment Market Size, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
7.6.4 Asia-Pacific Electrical Equipment Market Size, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
7.7 Asia-Pacific Electrical Equipment Market Segmentation: by Country
7.7.1 Asia-Pacific Electrical Equipment Market, by Country Overview
7.7.2 China Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.7.2.1 China Electrical Equipment Market, by Product Type
7.7.2.2 China Electrical Equipment Market, by End User
7.7.3 India Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.7.3.1 India Electrical Equipment Market, by Product Type
7.7.3.2 India Electrical Equipment Market, by End User
7.7.4 Japan Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.7.4.1 Japan Electrical Equipment Market, by Product Type
7.7.4.2 Japan Electrical Equipment Market, by End User
7.7.5 South Korea Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.8.5.1 South Korea Electrical Equipment Market, by Product Type
7.8.5.2 South Korea Electrical Equipment Market, by End User
7.7.6 Rest of Asia-Pacific Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.7.6.1 Rest of Asia-Pacific Electrical Equipment Market, by Product Type
7.7.6.2 Rest of Asia-Pacific Electrical Equipment Market, by End User
8. Middle East & Africa Electrical Equipment Market: Historic and Forecast
8.1 Middle East & Africa Electrical Equipment Market: Snapshot
8.2 Middle East & Africa Electrical Equipment Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
8.3 Middle East & Africa Electrical Equipment Market: Key Factors
8.4 Middle East and Africa Electrical Equipment Market: Segment Analysis
8.5 Middle East & Africa Electrical Equipment Market Segmentation: by Product Type
8.5.1 Middle East & Africa Electrical Equipment Market, by Product Type Overview
8.5.2 Middle East & Africa Electrical Equipment Market Size, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
8.5.3 Middle East & Africa Electrical Equipment Market Size, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
8.5.4 Middle East & Africa Electrical Equipment Market Size, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
8.5.5 Middle East and Africa Electrical Equipment Market Size, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
8.5.6 Middle East and Africa Electrical Equipment Market Size, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
8.6 Middle East & Africa Electrical Equipment Market Segmentation: by End User
8.6.1 Middle East & Africa Electrical Equipment Market, by End User Overview
8.6.2 Middle East & Africa Electrical Equipment Market Size, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
8.6.3 Middle East & Africa Electrical Equipment Market Size, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
8.6.4 Middle East & Africa Electrical Equipment Market Size, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
9. Market Dynamics
9.1 Impact assessment of Market Dynamics on Electrical Equipment Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Porter Analysis of Global Electrical Equipment Market
11. Competitive Positioning
11.1 Companies’ Voltage Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of Electrical Equipment Market
11.4 Company Profiles
11.4.1 Samsung Electronics Co Ltd.
11.4.2 Mitsubishi Electric Corporation
11.4.3 Fuji Electric Co. Ltd.
11.4.4 Honeywell International Inc.
11.4.5 ABB Ltd.
11.4.6 Siemens AG
11.4.7 Schneider Electric SE
11.4.8 Vertiv Holdings Co
11.4.9 Eaton Corporation PLC
11.4.10 General Electric Co.
List of Figures
Figure 1: Global Electrical Equipment Market Size, by Value, 2020-2023 (USD Billion)
Figure 2: Global Electrical Equipment Market Size, by Value, 2024-2030 (USD Billion)
Figure 3: Global Electrical Equipment Market Share, by Product Type, 2023 (%)
Figure 4: Market Attractiveness Analysis of Global Electrical Equipment Market, by Product Type (2025-2030)
Figure 5: Global Electrical Equipment Market Size, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 6: Global Electrical Equipment Market Absolute Opportunity, by Transmission and Distribution Equipment, 2020-2030 (USD Billion)
Figure 7: Global Electrical Equipment Market Size, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 8: Global Electrical Equipment Market Absolute Opportunity, by Power Generation Equipment, 2020-2030 (USD Billion)
Figure 9: Global Electrical Equipment Market Size, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 10: Global Electrical Equipment Market Absolute Opportunity, by Lighting Equipment, 2020-2030 (USD Billion)
Figure 11: Global Electrical Equipment Market Size, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 12: Global Electrical Equipment Market Absolute Opportunity, by Wiring Devices and Electrical Accessories, 2020-2030 (USD Billion)
Figure 13: Global Electrical Equipment Market Size, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 14: Global Electrical Equipment Market Absolute Opportunity, by Other Product Types, 2020-2030 (USD Billion)
Figure 15: Market Attractiveness Analysis of Global Electrical Equipment Market, by End User (2025-2030)
Figure 16: Global Electrical Equipment Market Size, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 17: Global Electrical Equipment Market Absolute Opportunity, by Industrial, 2020-2030 (USD Billion)
Figure 18: Global Electrical Equipment Market Size, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 19: Global Electrical Equipment Market Absolute Opportunity, by Commercial, 2020-2030 (USD Billion)
Figure 20: Global Electrical Equipment Market Size, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 21: Global Electrical Equipment Market Absolute Opportunity, by Residential, 2020-2030 (USD Billion)
Figure 22: Americas Electrical Equipment Market Size, by Value, 2020H-2030F (USD Billion)
Figure 23: Americas Electrical Equipment Market Share, by End User, 2023 (%)
Figure 24: Americas Electrical Equipment Market, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 25: Americas Electrical Equipment Market, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 26: Americas Electrical Equipment Market, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 27: Americas Electrical Equipment Market, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 28: Americas Electrical Equipment Market, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 29: Americas Electrical Equipment Market, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 30: Americas Electrical Equipment Market, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 31: Americas Electrical Equipment Market, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 32: United States Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 33: United States Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 34: United States Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 35: United States Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 36: Canada Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 37: Canada Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 38: Canada Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 39: Canada Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 40: Brazil Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 41: Brazil Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 42: Brazil Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 43: Brazil Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 44: Rest of Americas Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 45: Rest of Americas Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 46: Rest of Americas Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 47: Rest of Americas Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 48: Europe Electrical Equipment Market Size, by Value, 2020H-2030F (USD Billion)
Figure 49: Europe Electrical Equipment Market Share, by End User, 2023 (%)
Figure 50: Europe Electrical Equipment Market, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 51: Europe Electrical Equipment Market, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 52: Europe Electrical Equipment Market, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 53: Europe Electrical Equipment Market, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 54: Europe Electrical Equipment Market, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 55: Europe Electrical Equipment Market, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 56: Europe Electrical Equipment Market, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 57: Europe Electrical Equipment Market, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 58: Germany Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 59: Germany Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 60: Germany Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 61: Germany Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 62: United Kingdom Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 63: United Kingdom Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 64: United Kingdom Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 65: United Kingdom Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 66: France Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 67: France Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 68: France Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 69: France Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 70: Rest of Europe Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 71: Rest of Europe Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 72: Rest of Europe Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 73: Rest of Europe Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 74: Asia-Pacific Electrical Equipment Market Size, by Value, 2020H-2030F (USD Billion)
Figure 75: Asia-Pacific Electrical Equipment Market Share, by End User, 2023 (%)
Figure 76: Asia-Pacific Electrical Equipment Market, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 77: Asia-Pacific Electrical Equipment Market, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 78: Asia-Pacific Electrical Equipment Market, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 79: Asia-Pacific Electrical Equipment Market, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 80: Asia-Pacific Electrical Equipment Market, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 81: Asia-Pacific Electrical Equipment Market, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 82: Asia-Pacific Electrical Equipment Market, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 83: Asia-Pacific Electrical Equipment Market, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 84: China Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 85: China Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 86: China Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 87: China Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 88: India Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 89: India Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 90: India Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 91: India Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 92: Japan Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 93: Japan Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 94: Japan Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 95: Japan Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 96: South Korea Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 97: South Korea Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 98: South Korea Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 99: South Korea Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 100: Rest of Asia-Pacific Electrical Equipment Market, by Value, 2020-2030 (USD Billion & CAGR)
Figure 101: Rest of Asia-Pacific Electrical Equipment Market Value, by End User, 2023 (USD Billion)
Figure 102: Rest of Asia-Pacific Electrical Equipment Market Share, by Product Type, by Value, 2023 (%)
Figure 103: Rest of Asia-Pacific Electrical Equipment Market Share, by End User, by Value, 2023 (%)
Figure 104: Middle East and Africa Electrical Equipment Market Size, by Value, 2020H-2030F (USD Billion)
Figure 105: Middle East and Africa Electrical Equipment Market Share, by End User, 2023 (%)
Figure 106: Middle East and Africa Electrical Equipment Market, by Transmission and Distribution Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 107: Middle East and Africa Electrical Equipment Market, by Power Generation Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 108: Middle East and Africa Electrical Equipment Market, by Lighting Equipment, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 109: Middle East and Africa Electrical Equipment Market, by Wiring Devices and Electrical Accessories, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 110: Middle East and Africa Electrical Equipment Market, by Other Product Types, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 111: Middle East and Africa Electrical Equipment Market, by Industrial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 112: Middle East and Africa Electrical Equipment Market, by Commercial, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 113: Middle East and Africa Electrical Equipment Market, by Residential, by Value, 2020H-2030F (USD Billion & CAGR)
Figure 114: Market Share of Prominent Companies of Electrical Equipment Market, 2023 (%)
Figure 115: Samsung Revenue, 2021-2023 (USD Million)
Figure 116: Samsung Revenue, by Geographical Segments, 2023 (%)
Figure 117: Samsung Revenue, by Business Segments, 2023 (%)
Figure 118: Mitsubishi Revenue, 2022-2024 (USD Million)
Figure 119: Mitsubishi Electric Revenue, by Geographical Segments, 2023 (%)
Figure 120: Mitsubishi Electric Revenue, by Business Segments, 2023 (%)
Figure 121: Fuji Electric Revenue, 2021-2023 (USD Million)
Figure 122: Fuji Electric Revenue, by Geographical Segments, 2023 (%)
Figure 123: Fuji Electric Revenue, by Business Segments, 2023 (%)
Figure 124: Honeywell Revenue, 2021-2023 (USD Million)
Figure 125: Honeywell Revenue, by Geographical Segments, 2023 (%)
Figure 126: Honeywell Revenue, by Business Segments, 2023 (%)
Figure 127: ABB Ltd. Revenue, 2021-2023 (USD Million)
Figure 128: ABB Ltd. Revenue, by Business Segments, 2023 (%)
Figure 129: ABB Ltd. Revenue, by Geographic Segments, 2023 (%)
Figure 130: Siemens AG Revenue, 2021-2023 (USD Million)
Figure 131: Siemens AG Revenue, by Business Segments, 2023 (%)
Figure 132: Siemens AG Revenue, by Geographic Segments, 2023 (%)
Figure 133: Schneider Electric SE Revenue, 2021-2023 (USD Million)
Figure 134: Schneider Electric SE Revenue, by Business Segments, 2023 (%)
Figure 135: Schneider Electric SE Revenue, by Geographic Segments, 2023 (%)
Figure 136: Vertiv Revenue, 2021-2023 (USD Million)
Figure 137: Vertiv Revenue, by Geographical Segments, 2023 (%)
Figure 138: Vertiv Revenue, by Business Segments, 2023 (%)
Figure 139: Eaton Corporation Revenue, 2021-2023 (USD Million)
Figure 140: Eaton Corporation Revenue, by Geographical Segments, 2023 (%)
Figure 141: Eaton Corporation Revenue, by Business Segments, 2023 (%)
Figure 142: General Electric Revenue, 2021-2023 (USD Million)
Figure 143: General Electric Revenue, by Geographical Segments, 2023 (%)
Figure 144: General Electric Revenue, by Business Segments, 2023 (%)
List of Table
Table A1: Global Impact of Macro Economic Factors, by Region
Table A2: United States Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A3: United States Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A4: United States Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A5: United States Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A6: Canada Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A7: Canada Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A8: Canada Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A9: Canada Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A10: Brazil Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A11: Brazil Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A12: Brazil Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A13: Brazil Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A14: Rest of Americas Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A15: Rest of Americas Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A16: Rest of Americas Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A17: Rest of Americas Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A18: Germany Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A19: Germany Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A20: Germany Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A21: Germany Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A22: United Kingdom Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A23: United Kingdom Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A24: United Kingdom Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A25: United Kingdom Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A26: France Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A27: France Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A28: France Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A29: France Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A30: Rest of Europe Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A31: Rest of Europe Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A32: Rest of Europe Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A33: Rest of Europe Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A34: China Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A35: China Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A36: China Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A37: China Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A38: India Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A39: India Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A40: India Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A41: India Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A42: Japan Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A43: Japan Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A44: Japan Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A45: Japan Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A46: South Korea Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A47: South Korea Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A48: South Korea Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A49: South Korea Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A50: Rest of Asia-Pacific Electrical Equipment Market, by Product Type, by Value, 2020-2023 (USD Billion)
Table A51: Rest of Asia-Pacific Electrical Equipment Market, by Product Type, by Value, 2024-2030 (USD Billion)
Table A52: Rest of Asia-Pacific Electrical Equipment Market, by End User, by Value, 2020-2023 (USD Billion)
Table A53: Rest of Asia-Pacific Electrical Equipment Market, by End User, by Value, 2024-2030 (USD Billion)
Table A54: Samsung Key Company Financials, 2021-2023
Table A55: Mitsubishi Electric Key Company Financials, 2022-2024
Table A56: Fuji Electric Key Company Financials, 2021-2023
Table A57: Honeywell Key Company Financials, 2021-2023
Table A58: ABB Ltd. Key Company Financials, 2021-2023
Table A59: Siemens AG Key Company Financials, 2021-2023
Table A60: Schneider Electric SE Key Company Financials, 2021-2023
Table A61: Vertiv Key Company Financials, 2021-2023
Table A62: Eaton Corporation Key Company Financials, 2021-2023
Table A63: General Electric Key Company Financials, 2021-2023

Companies Mentioned

  • Samsung Electronics Co Ltd.
  • Mitsubishi Electric Corporation
  • Fuji Electric Co. Ltd.
  • Honeywell International Inc.
  • ABB Ltd.
  • Siemens AG
  • Schneider Electric SE
  • Vertiv Holdings Co
  • Eaton Corporation PLC
  • General Electric Co.

Table Information

Report AttributeDetails
No. of Pages222
PublishedNovember 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 1.54 Trillion
Forecasted Market Value ( USD ) by 2030 $ 2.17 Trillion
Compound Annual Growth Rate4.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Electrical Equipment Market

The Electrical Equipment market is a broad category of products used in electrical engineering. It includes components such as motors, generators, transformers, circuit breakers, switches, relays, and other electrical equipment. These products are used in a variety of applications, from industrial and commercial to residential and consumer. Electrical equipment is essential for the operation of electrical systems, and is used in a wide range of industries, from automotive and aerospace to telecommunications and energy. The Electrical Equipment market is highly competitive, with a wide range of manufacturers offering products to meet the needs of customers. Companies in the market include ABB, Siemens, Schneider Electric, Eaton, and Rockwell Automation. These companies provide a range of products, from low-voltage components to high-voltage systems, and offer a variety of services, such as design, installation, and maintenance. Show Less Read more

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