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

Electrical Equipment Market: Get Figures & Comprehensive Industry Analysis

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

Global Electrical Equipment Industry

The world electrical equipment sector (part of the global manufacturing business and including the lighting industry) 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 »

Customer Support

Talk to Sam

+852 8199 0067

990 Reports
Turbine Production, Electrical Equipment Production, Transformer Production, Electrical Equipment Revenue
340 Reports
Electrical Equipment Production, Electrical Equipment Export, Turbine Sales, Transformer Sales
310 Reports
Electric Generator Export, Electric Generator Production, Electrical Equipment Revenue, Electrical Equipment Export
2000 Statistics
Electrical Equipment Export, Electrical Equipment Import, Trade Balance, Electrical Equipment Production
360 Reports
Electrical Equipment Production, Turbine Production, Transformer Production, Turbine Sales
700 Statistics
Motor And Generator Import, Motor And Generator Export, Electrical Equipment Export, Electrical Equipment Import
770 Reports
Electrical Equipment Production, Turbine Production, Electrical Equipment Export, Switchgear Sales
2600 Statistics
Electrical Equipment Export, Electrical Equipment Import, Trade Balance, Motor And Generator Export
280 Reports
Electrical Equipment Production, Transformer Export, Switchgear Sales, Switchgear Production
1800 Statistics
Electrical Equipment Export, Electrical Equipment Import, Trade Balance, Motor And Generator Export
340 Reports
Electrical Equipment Production, Electrical Equipment Export, Turbine Sales, Transformer Sales
510 Reports
Electrical Equipment Production, Turbine Production, Switchgear Sales, Electric Generator Sales
220 Reports
Electrical Equipment Export, Turbine Sales, Electrical Equipment Production, Turbine Import
2200 Statistics
Electrical Equipment Import, Electrical Equipment Export, Trade Balance, Motor And Generator Import
150 Reports
Switchgear Sales, Electrical Equipment Production, Switchgear Production, Power Inverter Sales
Search in Electrical Equipment Industry (About 2400 reports)
Parent industry: Manufacturing
Related industries: Industrial Equipment, Metal Manufacturing, Printing, Electronic Component, 3D Printing, Industrial Machinery, Non-Metallic Mineral Products

About 3100 reports

Purchase Reports From Reputable Market Research Publishers

Automotive Fuel Injector Market - Revenue, Trends, Growth Opportunities, Competition, COVID Strategies, Regional Analysis and Future outlook to 2030 (by products, applications, end cases)

  • $ 4150
  • July 2021
  • 135 pages

Automotive Fuel Injector Market - Revenue, Trends, Growth Opportunities, Competition, COVID Strategies, Regional Analysis and Future outlook to 2030 (by products, applications, end cases) Automotive Fuel ...

  • World
  • Motor And Generator
  • Industry analysis
  • Disposable Income

Driers Markets in China $ 4000 June 2021


Reportlinker.com © Copyright 2021. All rights reserved.

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

Make sure you don’t miss any news and follow us on