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.
Top 10 countries
In 2022 major markets in the Electrical Equipment Industry were:
Electrical Equipment Market Data and Forecasts
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More in Electrical Equipment MarketGlobal Electrical Equipment Statistics
- Electrical Equipment Import 193 countries (Asia, Africa, Latin America...)
- Electrical Equipment Export 190 countries (Asia, Africa, Latin America...)
- Motor And Generator Import 191 countries (Africa, Asia, Sub-Saharan Africa...)
- Trade Balance 225 countries (Asia, Europe, Africa...)
- Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)
- Motor And Generator Export 188 countries (Asia, Africa, Latin America...)
- Electrical Equipment Production 65 countries (Europe, Northern Europe, Eastern Europe...)
- Industrial Equipment Import 192 countries (Asia, Africa, Sub-Saharan Africa...)
- Electronic Component Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Industrial Equipment Export 189 countries (Asia, Latin America, Africa...)
