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General Electrical Equipment And Components Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
The Business Research Company's General Electrical Equipment And Components Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON , UK, June 13, 2022 /EINPresswire.com / -- According to 'General Electrical Equipment And Components Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026' published by The Business Research Company, the 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. As per TBRC's general electrical equipment and components market research the market is expected to reach $75.39 billion in 2026 at a CAGR of 0.6%. IoT is positively impacting the sales of electrical equipment and contributes to the general electrical equipment and components market growth .
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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.
Global General Electrical Equipment And Components Market Trends
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.
Global General Electrical Equipment And Components Market Segments
The global general electrical equipment and components market is segmented:
By Mode: Online, Offline
By Sales Channel: OEM, Aftermarket
By End-User: Commercial, Residential
By Geography: The global general electrical equipment and components market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
Read more on the global general electrical equipment and components market report at:
General Electrical Equipment And Components Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides general electrical equipment and components market overviews, general electrical equipment and components market analysis and forecasts market size and growth for the global general electrical equipment and components market, general electrical equipment and components market share, general electrical equipment and components market segments and geographies, general electrical equipment and components market trends, general electrical equipment and components market players, general electrical equipment and components market leading competitor revenues, profiles and market shares. The general electrical equipment and components market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors' approaches.
TBRC's General Electrical Equipment And Components Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
Looking for something else? Here is a list of similar reports by The Business Research Company:
General Electronic Components Global Market Report 2022
Semiconductor And Related Devices Global Market Report 2022
Electrical And Electronics Global Market Report 2022
About The Business Research Company
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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