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Electrical Equipment Market Outlook 2022 - 2026

Daily Updated Industry Statistics and Top Emerging Trends about the Electrical Equipment Industry

Global Electrical Equipment Trends in 2022

Electrical Equipment is part of Manufacturing and includes a number of sub-sectors such as Turbine. You may also be interested in Metal Manufacturing, Electronic Component and Molding.

Global electrical equipment export is predicted to reach $2.6 trillion by 2026, a 1.3% annual average growth from $2.4 trillion in 2021. This is a 4.8% jump from 2017. China led the way in 2021 with exports of $725 billion, followed by South Korea, the United States and Germany. The Central African Republic saw a 76.2% year-on-year increase, while Gambia dropped by 49.2% since 2017. Global electrical equipment import is estimated to reach $2.9 trillion by 2026, a 1.3% annual average increase from $2.7 trillion in 2021. This is a 4.8% growth from 2017. China was the leader in 2021 with imports of $563 billion, followed by the United States, Germany and Singapore. Malawi saw a 20.3% year-on-year rise, while Uruguay decreased by 7.4% since 2017. European electrical equipment revenue is expected to reach €130.1 billion by 2026, a 0.4% annual average decrease from €133.5 billion in 2021. This is a 1.1% rise from 2017. Germany was the leader in 2021 with revenue of €52.8 billion, followed by France, Italy and Spain. Ireland went up 15.7% year-on-year, while Portugal fell by 11.5% since 2017.

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In 2022 major markets in the Electrical Equipment Industry were:

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Electrical Equipment Market Data and Forecasts

How much the Electrical Equipment industry is expected to grow to 2026?

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Forecast: Global Export of Electrical and Electronic Equipment
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