Electrical And Electronics Market Future Demand, Market Analysis And Outlook 2030
The Business Research Company’s latest report Electrical And Electronics Global Market Report 2020 covers Electrical And Electronics market drivers, Electrical And Electronics market trends, Electrical And Electronics market segments, Electrical And Electronics market growth rate, Electrical And Electronics market major players, and Electrical And Electronics market size. The report provides in-depth analysis of the impact of COVID-19 on the Electrical And Electronics industry, along with revised market numbers due to the effects of the coronavirus.
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Electrical And Electronics Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global electrical and electronics market is expected to decline from $3150.6 billion in 2019 to $3055.3 billion in 2020 at a compound annual growth rate (CAGR) of -3.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $3699 billion in 2023.
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The global electrical and electronics market is segmented by type into electrical equipment, measuring and control instruments, electronic products, by end-use into B2B, B2C, by sales channel into OEM, aftermarket, by mode into online, offline. Subsegments covered are electric lighting equipment, household appliances, power generation, transmission and control, batteries, wires and cables, other electrical equipment, electronic products and component, navigational, measuring, electro medical and control instruments, audio and video equipment, semiconductor and other electronic component.
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