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Electrical Equipment Market Trends

The global electrical equipment market size is expected to grow from USD 1,384.97 billion in 2021 to USD 1,540.25 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The growth of the market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and closure of business activities which resulted in operational challenges. The electrical equipment market is expected to reach $2,273.74 billion in 2026 with a CAGR of 10.2%.

The trade research company offers the Global Electrical Equipment Market 2022 report in its research report store. This is the most comprehensive report available on this market and will help you 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 market size by region and country. It also compares historical and forecast market growth and highlights important trends and strategies that market players may adopt.

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The electrical equipment market includes sales of products that generate, distribute and use electrical energy by entities (organizations, sole proprietorships and partnerships) that manufacture products that generate, distribute and use electrical energy.

Some key players in the electrical equipment market are Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries. Ltd and Whirlpool Corp.

The countries covered in the global electrical equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru , Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.

Regions covered in the global electrical equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa .

Electrical Equipment Market Segmentation:
1) By type:
Electric lighting equipment
Household appliances
energy production
Transmission and control equipment
wires and cables

2) By end use:

3) By sales channel:
Secondary market

4) By mode:
On line

Learn more about the report at

The table of contents of the report includes
1. Summary
2. Structure of the report
3. Characteristics of the electrical equipment market
4. Product Analysis of Electrical Equipment Market
5. Electrical Equipment Market Supply Chain
22. Major mergers and acquisitions in the electrical equipment market
23. Market Context: Electrical and Electronic Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright and Disclaimer

This report covers Electrical Equipment market trends and dynamics in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The report also includes consumer surveys and various future opportunities for the market.

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This press release was published on openPR.

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