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

Electrical Equipment Market: Get Figures & Comprehensive Industry Analysis

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

Topics under Electrical Equipment

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 »

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 6800 reports

Global Electrical Equipment Industry

  • December 2016
    12 pages
  • Electrical Equi...  

  • World  

View report >

Electrical Equipment Markets in the US - Forecast

  • April 2017
    71 pages
  • Electrical Equi...  

  • United States  

View report >

Electrical Equipment Industry in Europe - Forecast

  • January 2017
    67 pages
  • Keyboard Instru...  

  • Europe  

View report >

Electrical Equipment Industry in Japan

  • January 2016
    33 pages
  • Electrical Equi...  

  • Japan  

View report >

Electrical Equipment Markets in France - Forecast

  • January 2015
    14 pages
  • Electrical Equi...  

  • France  

View report >

Electrical Equipment Markets in Germany

  • January 2017
    19 pages
  • Lighting  

    Lighting Techno...  

  • Germany  

View report >

Electrical Equipment Industry in the UK

  • February 2017
    48 pages
  • Electrical Equi...  

  • United Kingdom  

View report >

The future of the Electrical Equipment Industry in Canada

  • February 2017
    14 pages
  • Institutional C...  

  • Canada  

    North America  

View report >

About 2400 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 6000)

Li-Fi Market in South America: Analysis of Growth, Trends and Progress (2017 - 2022)

Li-Fi Market in South America: Analysis of Growth, Trends and Progress (2017 - 2022)

  • $ 6000
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

The South America Li-Fi market is estimated to worth US$ 9 billion in 2021 and is expected to witness a growth rate of XX.XX % for next five year. This new disruptive innovation is expected to grab a high ...

Lighting Products Market - U.s. Industry Analysis, Size ...

March 2017 $ 5795

Micro-led Market By Offering (display Panel And Lightin ...

April 2017 $ 5650

Light Tower Market By Light Type (metal Halide, Led), E ...

April 2017 $ 5650

Grow Light Market By Technology (hid, Fluorescent, Led, ...

March 2017 $ 5650

Solid-state And Other Energy-efficient Lighting Market ...

February 2017 $ 5650

Free Space Optics And Visible Light Communication Marke ...

February 2017 $ 5650

Display Market By Technology, Display Type, Application ...

February 2017 $ 5650

Aircraft Electrical Systems Market By Technology, Compo ...

February 2017 $ 5650

Variable Frequency Drive Market By Type, End-users, App ...

February 2017 $ 5650

Reportlinker.com © Copyright 2017. All rights reserved.

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