1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
  4. > Electrical Equipment

Breakthroughs that will shape the future of the electrical equipment market

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
11 votes

Global Electrical Equipment Industry

The world electrical equipment sector (part of the global industrial equipment business) has a market worth of $202 billion, reports MarketLine. The industry recorded almost 4.5% growth in 2011, having witnessed 1% yearly growth for the four preceding years. Power cable sales represented the leading market segment in 2011, generating revenue of almost $63 billion and accounting for more than 30% of the overall market in terms of value. Overall, industry performance is expected to accelerate to almost a yearly rate of almost 5% between 2011 and 2016 to bring the market to just less than $255 billion.

Players in the global electrical equipment industry manufacture power, distribution transformers, industrial controls, generators, electric motors, switchgear, switchboard tools, and relays.

Key Market Segments

The global smart meter market is expected to generate revenue of $7 billion before the end of 2012, according to research from Visiongain. Meters using AMR technology represent almost 33% of North America’s electricity, water and gas meters, and 3% of European meters. Smarter metering is being increasingly acknowledged as the way forward for efficient energy and utility usage. Countries such as Sweden and Italy are in the energy metering market with more than 90% smart meter implementation in 2011. Compared with countries such as the UK and Germany where smart meter implementation remains under 5%, the sector’s vast potential is obvious.

Heavy electrical equipment represented a $95 billion industry in 2010, after maintaining almost 6% yearly growth for the four preceding years, reports MarketLine. Wind turbines represent the leading market segment, generating $40 billion in 2010 and accounting for 42% of the overall market in terms of value. Industry performance is expected to slow to a yearly rate of just less than 5% between 2010 and 2015. The global heavy electrical equipment market has a predicted worth of $121 billion in 2015.

The global prepaid electric metering industry continues to enjoy strong growth, particularly with respect to the widespread penetration of smart meters worldwide. With utilities set to introduce new prepaid programs and expand their current range of prepaid services, software, hardware and service vendors are reacting quickly to snap up market share. Customer and utility benefits of cost savings and energy efficiency are fuelling the prepaid electric metering market, reports Pike Research. The increasing adoption of smart grid technology to support prepaid systems with smart prepaid meters deployment is also helping drive industry growth. The worldwide installed base of prepaid electric meters was estimated at more than 20 million in 2011, and is predicted to exceed 23 million in 2012. Yearly growth in excess of 9% for the seven-year period ending 2017 is expected to see the installed base climb to almost 34 million meters worldwide in 2017. Demand for software and services to support prepaid systems is expected to see the prepaid software market account for $210 million of the $263 million prepaid services market before the end of 2012.

The global flexible alternating current transmission sector is forecast to reach $1.7 billion by 2015, according to research from Global Industry Analysts. The Asia-Pacific region dominates the market, followed by the EU, which is the world’s second-fastest growing market for flexible AC transmission equipment fixed compensation equipment.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 500 reports

Electrical Equipment Industry in the UK and the US

  • December 2015
    6 pages
  • United Kingdom  

    United States  

View report >

The future of the Electrical Equipment Industry in Europe

  • January 2014
    15 pages
  • Electrical Equi  

  • Europe  

View report >

Electrical Equipment Industry in Japan

  • January 2014
    8 pages
  • Electrical Equi  

    Electric Motor  

  • Japan  

View report >

Electrical Equipment Industry in France

  • January 2013
    20 pages
  • France  

    Brazil  

    Europe  

View report >

The future of the Electrical Equipment Industry in the UK

  • October 2015
    5 pages
  • Electrical Equi  

  • United Kingdom  

View report >

Electrical Equipment Industry in Brazil

  • January 2015
    37 pages
  • Electricity  

  • Brazil  

View report >

Electrical Equipment Industry in Chile and Singapore Forecast

  • August 2015
    20 pages
  • Electrical Equi  

  • Chile  

    Singapore  

    China  

View report >

Electrical Equipment Industry in Singapore

  • January 2015
    8 pages
  • Electrical Equi  

    Power Generator  

  • Singapore  

View report >

Search in Electrical Equipment Industry (About 500 reports)
Parent industry: Industrial Equipment
Related industries: Machine Tool and Equipment, Mechanics and Part

About 1 700 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 99 - $ 5 000)

Japan Datacenter Opex Analysis 2015

Japan Datacenter Opex Analysis 2015

  • $ 5 000
  • Industry report
  • January 2016
  • by IDC

This IDC study analyzes the datacenter opex in Japan based on labor, facility management, and power costs. We establish 12 DC models based on size and standard; and estimate the opex costs of the respective ...

Bag Filter Market By Type, By Media, By Application & B ...

February 2016 $ 4 650

Gas Turbines Market By Design Type, Rated Capacity, App ...

January 2016 $ 4 650

Emission Monitoring Systems Market By System Type, Elem ...

November 2015 $ 4 650

Power Transformer Market By Rating, Medium Power Transf ...

November 2015 $ 4 650

Biomass To Power :the World Market For Biomass Power Pl ...

December 2015 $ 4 300

Global Ac Motor Sales 2015 Market Research Report

December 2015 $ 4 000

Global Stepper Motor Sales 2015 Market Research Report

December 2015 $ 4 000

Global Automotive Signalling Wire Sales 2015 Market Res ...

December 2015 $ 4 000

Global Instrument Transformer Sales 2015 Market Researc ...

December 2015 $ 4 000

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.