전기 장비 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2026-2034년)

Growth Factors of electrical equipment Market

The global electrical equipment market was valued at USD 1,660.20 billion in 2025 and is projected to grow to USD 1,822.88 billion in 2026, ultimately reaching USD 4,151.57 billion by 2034, registering a robust CAGR of 10.80% during the forecast period. Among regions, the Asia Pacific dominated the market in 2025, accounting for 39.40% share, driven by rapid industrialization, urbanization, and expansion in manufacturing hubs such as China, India, and Japan.

Electrical equipment plays a crucial role in the industrial sector, consuming almost 50% of plant energy through various applications, from pneumatic tools to advanced electrically driven machinery. Each electric or pneumatic device requires electric actuation motors, making electrical equipment a vital component for industrial operations. Furthermore, the increasing emphasis on Industry 4.0, IoT integration, real-time monitoring, and AI-enabled systems has fueled demand across manufacturing, IT, healthcare, and telecommunications industries.

The COVID-19 pandemic significantly disrupted the market in 2020-2021 due to lockdowns, halted manufacturing, and interrupted supply chains. However, the rising demand for efficient electric drive solutions in electric vehicles (EVs) partially offset the decline, with Europe witnessing a 21% increase in EV sales in 2021, reaching 2.3 million units.

Market Trends

The market is strongly influenced by regulatory frameworks promoting energy efficiency and renewable energy adoption. Electrical equipment meets requirements for high-efficiency motors, low energy costs, reliability, and sustainability, which are critical for EVs and renewable energy systems. For instance, ABB's acquisition of Siemens' low voltage motor business NEMA in May 2023 exemplifies strategic moves to expand energy-efficient motor portfolios.

Growth Factors

A major growth driver is the focus on reducing operational expenses. Electrical equipment accounts for significant energy costs, prompting industries to adopt efficient solutions that minimize energy consumption, reduce maintenance, and enhance productivity. Leading companies are incorporating IoT-enabled monitoring to improve operational efficiency, reduce downtime, and ensure safety. In July 2023, ABB launched next-generation NEMA motors designed for harsh industrial conditions, highlighting ongoing innovation in efficiency and reliability.

Restraints

Market expansion is constrained by high sourcing costs and capital expenditure (CapEx). Rising raw material prices, post-pandemic shipping costs, and competition-driven pricing pressure limit profit margins for manufacturers. For example, Bajaj Electrical's CEO reported in August 2023 that margins were projected to decline to 10% or lower due to pricing pressures and muted consumer demand.

Market Segmentation

By Type:

• Power generation leads with a 37.95% market share in 2025, driven by policies promoting clean energy.
• Other segments include electrical lighting equipment, household appliances, transmission & control equipment, batteries, and wires & cables.

By Application:

• The non-residential segment dominates with a 67.35% share in 2025, driven by industrial, commercial, and heavy electrical equipment demand.
• Residential applications are gradually growing due to smart appliances, IoT-enabled devices, and modern mobility solutions.

Regional Insights

• Asia Pacific remains the largest market (USD 653.73 billion in 2025) due to urbanization, industrial growth, and smart city projects. China leads with USD 453.27 billion in 2026, India emerges as a manufacturing hub with USD 76.99 billion in 2026, and Japan is projected at USD 92.29 billion in 2026.
• North America shows steady growth, with the U.S. market expected to reach USD 430.46 billion in 2026 due to innovations in EVs, renewable energy, and smart grids.
• Europe remains strong in renewable energy and smart technologies, with Germany at USD 126.31 billion and the U.K. at USD 112.63 billion in 2026.
• Middle East & Africa and Latin America experience slower growth due to limited infrastructure and distribution networks.

Key Industry Players

Prominent players include ABB, Schneider Electric, Legrand, General Electric, Hitachi, Samsung, Siemens, Panasonic, Bosch, and Havells India. These companies are investing heavily in R&D, acquisitions, and product innovation to expand their market share. Notable developments include:

• March 2022: ABB launched IE5+ SynRM motors.
• April 2023: Havells introduced Solid State Circuit Breakers.
• May 2023: Siemens acquired Mass Tech Control's EV division for the Indian market.
• July 2023: Schneider Electric launched 3-phase modular UPS (50-250 kW).

Conclusion

The electrical equipment market is poised for significant growth, driven by industrial electrification, renewable energy adoption, energy-efficient technologies, and smart manufacturing initiatives. While challenges like rising raw material costs and competitive pricing exist, continuous innovation, regional expansion, and regulatory support for energy efficiency are expected to sustain market momentum, driving the market from USD 1,660.20 billion in 2025 to USD 4,151.57 billion by 2034.

Segmentation By Type, Application, and Region

Segmentation By Type

• Electrical Lighting Equipment
• Household Appliances
• Power Generation
• Transmission and Control Equipment
• Batteries
• Wires and Cables

By Application

• Residential
• Non-Residential

By Region

• North America (By Type, By Application, and By Country)
  • U.S.
  • Canada
• Europe (By Type, By Application, and By Country)
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
• Asia Pacific (By Product Type, By Application, and By Country)
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa (By Product Type, By Application, and By Country)
  • Turkey
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• Latin America (By Product Type, By Application, and By Country)
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends
• 3.3. Impact of Supply Chain

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Electrical Equipment Key Players Market Share/Ranking, 2025

5. Global Electrical Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034

• 5.1. Key Findings
• 5.2. By Type (USD)
  • 5.2.1. Electrical Lighting Equipment
  • 5.2.2. Household Appliances
  • 5.2.3. Power Generation
  • 5.2.4. Transmission and Control Equipment
  • 5.2.5. Batteries
  • 5.2.6. Wires and Cables
• 5.3. By Application (USD)
  • 5.3.1. Residential
  • 5.3.2. Non-Residential
• 5.4. By Region (USD)
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Middle East & Africa
  • 5.4.5. Latin America

6. North America Electrical Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034

• 6.1. Key Findings
• 6.2. By Type (USD)
  • 6.2.1. Electrical Lighting Equipment
  • 6.2.2. Household Appliances
  • 6.2.3. Power Generation
  • 6.2.4. Transmission and Control Equipment
  • 6.2.5. Batteries
  • 6.2.6. Wires and Cables
• 6.3. By Application (USD)
  • 6.3.1. Residential
  • 6.3.2. Non-Residential
• 6.4. By Country (USD)
  • 6.4.1. United States
  • 6.4.2. Canada

7. Europe Electrical Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034

• 7.1. Key Findings
• 7.2. By Type (USD)
  • 7.2.1. Electrical Lighting Equipment
  • 7.2.2. Household Appliances
  • 7.2.3. Power Generation
  • 7.2.4. Transmission and Control Equipment
  • 7.2.5. Batteries
  • 7.2.6. Wires and Cables
• 7.3. By Application (USD)
  • 7.3.1. Residential
  • 7.3.2. Non-Residential
• 7.4. By Country (USD)
  • 7.4.1. United Kingdom
  • 7.4.2. Germany
  • 7.4.3. France
  • 7.4.4. Italy
  • 7.4.5. Spain
  • 7.4.6. Russia
  • 7.4.7. Poland
  • 7.4.8. Rest of Europe

8. Asia Pacific Electrical Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034

• 8.1. Key Findings
• 8.2. By Type (USD)
  • 8.2.1. Electrical Lighting Equipment
  • 8.2.2. Household Appliances
  • 8.2.3. Power Generation
  • 8.2.4. Transmission and Control Equipment
  • 8.2.5. Batteries
  • 8.2.6. Wires and Cables
• 8.3. By Application (USD)
  • 8.3.1. Residential
  • 8.3.2. Non-Residential
• 8.4. By Country (USD)
  • 8.4.1. China
  • 8.4.2. India
  • 8.4.3. Japan
  • 8.4.4. South Korea
  • 8.4.5. Thailand
  • 8.4.6. Australia
  • 8.4.7. Rest of Asia Pacific

9. Middle East & Africa Electrical Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034

• 9.1. Key Findings
• 9.2. By Type (USD)
  • 9.2.1. Electrical Lighting Equipment
  • 9.2.2. Household Appliances
  • 9.2.3. Power Generation
  • 9.2.4. Transmission and Control Equipment
  • 9.2.5. Batteries
  • 9.2.6. Wires and Cables
• 9.3. By Application (USD)
  • 9.3.1. Residential
  • 9.3.2. Non-Residential
• 9.4. By Country (USD)
  • 9.4.1. Turkey
  • 9.4.2. GCC
  • 9.4.3. South Africa
  • 9.4.4. Rest of MEA

10. Latin America Electrical Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034

• 10.1. Key Findings
• 10.2. By Type (USD)
  • 10.2.1. Electrical Lighting Equipment
  • 10.2.2. Household Appliances
  • 10.2.3. Power Generation
  • 10.2.4. Transmission and Control Equipment
  • 10.2.5. Batteries
  • 10.2.6. Wires and Cables
• 10.3. By Application (USD)
  • 10.3.1. Residential
  • 10.3.2. Non-Residential
• 10.4. By Country (USD)
  • 10.4.1. Brazil
  • 10.4.2. Mexico
  • 10.4.3. Argentina
  • 10.4.4. Rest of Latin America

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. ABB
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Legrand
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Schneider Electric
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. General Electric Company
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Hitachi Group
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Samsung Corporation
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Siemens AG
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Panasonic Holdings Corporation
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Robert Bosch GmBH
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Havells India Limited
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not Type/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments

12. Key Takeaways