The electrical equipment industry comprises establishments manufacturing electric lighting equipment, household appliances, electrical equipment manufacturing batteries, wires, and relay and other electrical equipment, electronic products and components.
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The electrical equipment market is valued at over $1 trillion in 2017.
The electrical equipment manufacturing market in the report is segmented into power generation, transmission and control manufacturing, household appliances manufacturing, communication and energy wire and cable, batteries manufacturing and electric lighting equipment manufacturing.
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China was the largest country in the electrical equipment manufacturing market in 2017, accounting for two-fifth of the market share, followed by USA and Germany.
The top five competitors in the market made up 11% of the total market in 2017. Panasonic Corporation was the largest competitor followed by Samsung Electronics Co Ltd., ABB Ltd, Sumitomo Electric Industries Ltd., and Toshiba Corporation. Panasonic is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan. The company was founded in 1918 as a producer of lightbulb sockets and has grown to become one of the largest Japanese electronics producers.
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