Sep 24, 2020   SOURCE: BusinessWire

Global Electrical Equipment Market Report 2020-2030: COVID- 19 Impact and Recovery Forecasts - ResearchAndMarkets.com

The "Electrical Equipment Global Market Report 2020-30: COVID- 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

The global electrical equipment market is expected to decline from $1293.8 billion in 2019 to $1266.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.1%.

The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1572.5 billion in 2023.

The Asia Pacific was the largest region in the global electrical equipment market, accounting for 45% of the market in 2019. Western Europe was the second largest region accounting for 22% of the global electrical equipment market. Africa was the smallest region in the global electrical equipment market.

Major lighting equipment companies are integrating lighting fixtures with IoT technology to enable remote user control and analyze the data in the environment. IoT technology allows tracking of non-lighting metrics, such as the building performance, physical assets and human activity. Beacons, which are small Bluetooth radio transmitters that give signals to other devices, are used to enable wireless lighting control and broadcast the location of the fixtures.

For instance, Belleds, a smart lighting designer based in Cambridge, offers wireless lighting control and broadcast location through luminaires using the beacon technology. The company is partnering with major lighting companies such as GE, Philips and Acuity to provide its service. .

The electrical equipment market consists of sales of products that generate, distribute and use electrical power by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Electrical Equipment Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Electrical Equipment Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Electrical Equipment Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Electrical Equipment Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Electrical Equipment Market Trends And Strategies

8. Electrical Equipment Market Size And Growth

8.1. Market Size

8.2. Historic Market Growth, Value ($ Billion)

8.2.1. Drivers Of The Market

8.2.2. Restraints On The Market

8.3. Forecast Market Growth, Value ($ Billion)

8.3.1. Drivers Of The Market

8.3.2. Restraints On The Market

9. Electrical Equipment Market Regional Analysis

9.1. Global Electrical Equipment Market, 2019, By Region, Value ($ Billion)

9.2. Global Electrical Equipment Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region

9.3. Global Electrical Equipment Market, Growth And Market Share Comparison, By Region

10. Electrical Equipment Market Segmentation

10.1. Global Electrical Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Electric Lighting Equipment
  • Household Appliances
  • Power Generation, Transmission And Control
  • Batteries
  • Wires And Cables

10.2. Global Electrical Equipment Market, Segmentation By End-Use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • B2B
  • B2C

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

  • OEM
  • Aftermarket

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

  • Online
  • Offline

11. Electrical Equipment Market Segments

11.1. Global Electric Lighting Equipment Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - General Lighting; Automotive Lighting; Back Lighting

11.2. Global Household Appliances Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Small Electrical Appliance; Household Cooking Appliance; Household Refrigerator And Home Freezer; Household Laundry Equipment; Other Major Household Appliance

11.3. Global Power Generation, Transmission And Control Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Transformer; Motor And Generator; Switchgear And Switchboard Apparatus; Relay And Industrial Control

11.4. Global Batteries Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Secondary Batteries; Primary Batteries

11.5. Global Wires And Cables Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Other Cables; Coaxial Cables; Fiber Optical Cable

12. Electrical Equipment Market Metrics

12.1. Electrical Equipment Market Size, Percentage Of GDP, 2015-2023, Global

12.2. Per Capita Average Electrical Equipment Market Expenditure, 2015-2023, Global

Companies Mentioned

  • Panasonic Corporation
  • Samsung Electronics Co Ltd
  • ABB Ltd
  • Sumitomo Electric Industries Ltd
  • Toshiba Corporation

For more information about this report visit https://www.researchandmarkets.com/r/ac4gvh