Electrical And Electronics Market Report 2025 (Global Edition)

Global Electrical And Electronics Market Report 2025 Market Size Split by Type Outlook: (Electrical Equipment, Measuring and Control Instruments, Electronic Products), by Application Outlook:, by Sale...

Electrical And Electronics Market Report Description

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Competitive Landscape of the Electrical And Electronics Market

The Electrical and Electronics Market is highly competitive, with numerous global and regional players vying for market share across various segments, including consumer electronics, industrial electronics, and energy solutions. Key players in the market include multinational corporations such as Samsung Electronics, Apple Inc., Sony Corporation, LG Electronics, and Siemens AG, which dominate the consumer electronics and industrial sectors.

In May 2021, LyondellBasell Industries Holdings B.V. initiated the production of virgin polymers utilizing raw materials from plastic waste in line with the circular economy initiative at its site in Germany. This production facility will be producing polymers including polypropylene (PP) and polyethylene (PE) which are further utilized across electrical appliances, detergent bottles, and others. (Source: https://www.lyondellbasell.com/en/news-events/products--technology-news/lyondellbasell-starts-commercial-production-of-polymers-using-raw-material-derived-from-plastic-waste/) In October 2023, RadiciGroup launched a new Polymerion plant in Gujarat, India. Plant manufactures engineering polymers and high-performance polymers for various industries such as electrical and electronics, telecommunications, automotive, consumer, and industrial goods. (Source: https://www.radicigroup.com/en/news-media/news/radicigroup-inaugurates-new-production-plant-in-india-74893)

Top Companies Market Share in Electrical And Electronics Industry: (In no particular order of Rank)

• BASF SE
• Ensinger Inc.
• Covestro AG
• TORAY INDUSTRIES INC.
• Radici Partecipazioni SpA
• RTP Company
• LOTTE Chemical Corporation
• Trinseo S.A.
• SABIC
• Evonik Industries AG
• Mitsubishi Chemical Group Corporation
• Arkema
• LyondellBasell Industries Holdings B.V.
• Celanese Corporation
• Exxon Mobil Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Electrical And Electronics Market

Which Region Dominates the Electrical And Electronics Market in 2024?

According to Cognitive Market Research, North America dominates the Electrical and Electronics market due to its robust technological infrastructure, innovation-driven economy, and substantial investments in research and development. The region is home to leading companies that drive advancements in consumer electronics, industrial equipment, and automation technologies. Additionally, favorable government policies, such as incentives for clean energy adoption and support for tech startups, further fuel market growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the Electrical and Electronics market due to its rapid industrialization, expanding consumer base, and growing adoption of advanced technologies. Countries like China, Japan and India are at the forefront of manufacturing and exporting electrical products, while also witnessing rising demand for consumer electronics, electric vehicles, and smart devices.

The current report Scope analyzes Electrical And Electronics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Electrical And Electronics Market Analysis

According to Cognitive Market Research, the global Electrical And Electronics market size was estimated at USD 3862415.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1544966.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Electrical And Electronics market with a market size of USD 1218978.24million in 2024 and is projected to grow at a CAGR of 6.0%during the forecast period. The U.S. market's strong demand for advanced technologies, innovation, and high consumer purchasing power.
• The Canada Electrical And Electronics market had a market share of USD 185395.93million in 2024 and is projected to grow at a CAGR of 7.0%during the forecast period. Canada’s strong demand for advanced technologies, innovation, and high consumer purchasing power.
• The Mexico Electrical And Electronics market is projected to witness growth at a CAGR of 6.7%during the forecast period, with a market size of USD 140591.91million in 2024.

Europe Electrical And Electronics Market Analysis

According to Cognitive Market Research, the global Electrical And Electronics market size was estimated at USD 3862415.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1158724.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Electrical And Electronics market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.3%during the forecast period. In the UK, Electrical And Electronics sales witness an upswing due to the increasing demand for energy-efficient solutions, automation, and smart technologies.
• The France Electrical And Electronics market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Electrical And Electronics market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.7%during the forecast period. In Germany, Electrical And Electronics surged due to the increasing demand for energy-efficient solutions, automation, and smart technologies.
• The Italy Electrical And Electronics market is projected to witness growth at a CAGR of 5.9%during the forecast period, with a market size of USD 99650.31million in 2024.
• The Russia Electrical And Electronics market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Electrical And Electronics market is projected to witness growth at a CAGR of 5.6%during the forecast period with a market size of USD 95015.41million in 2024
• The Luxembourg Electrical And Electronics market is projected to witness growth at a CAGR of 6.6%during the forecast period, with a market size of USD 35920.46million in 2024.
• The Portugal Electrical And Electronics market is projected to witness growth at a CAGR of 6.3%during the forecast period, with a market size of USD 24333.22million in 2024.
• The Greece Electrical And Electronics market is projected to witness growth at a CAGR of 6.8%during the forecast period, with a market size of USD 13904.69million in 2024.
• The Rest of Europe's Electrical And Electronics market is projected to witness growth at a CAGR of 5.2%during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Electrical And Electronics Market Analysis

According to Cognitive Market Research, the global Electrical And Electronics market size was estimated at USD 3862415.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 888355.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Electrical And Electronics market size was valued at USD 399759.97million in 2024 and is projected to grow at a CAGR of 9.5%during the forecast period. Electrical And Electronics surged in China due to rapid industrialization, technological innovation, and increasing consumer demand for high-tech products.
• The Japan Electrical And Electronics market is projected to witness growth at a CAGR of 8.5%during the forecast period, with a market size of USD 122593.06million in 2024.
• The India Electrical And Electronics market had a market share of USD 106602.66million in 2024 and is projected to grow at a CAGR of 11.8%during the forecast period. India's rapid industrialization, technological innovation, and increasing consumer demand for high-tech products.
• The South Korean Electrical And Electronics market is projected to witness growth at a CAGR of 9.1%during the forecast period, with a market size of USD 88835.55million in 2024.
• The Australian Electrical And Electronics market is projected to witness growth at a CAGR of 9.7%during the forecast period, with a market size of USD 46194.49million in 2024.
• The South East Asia Electrical And Electronics market is projected to witness growth at a CAGR of 10.0%during the forecast period, with a market size of USD 61296.53million in 2024.
• The Rest of Asia Pacific Electrical And Electronics market is projected to witness growth at a CAGR of 9.8%during the forecast period, with a market size of USD 63073.24million in 2024.

South America Electrical And Electronics Market Analysis

According to Cognitive Market Research, the global Electrical And Electronics market size was estimated at USD 3862415.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 193120.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Electrical And Electronics market size was valued at USD 82655.69million in 2024 and is projected to grow at a CAGR of 8.0%during the forecast period. Electrical And Electronics flourished in Brazil due to increasing infrastructure investments, technological adoption, and rising consumer spending.
• Argentina's Electrical And Electronics market had a market share of USD 32444.29million in 2024 and is projected to grow at a CAGR of 8.3%during the forecast period. Argentina's increasing infrastructure investments, technological adoption, and rising consumer spending.
• Colombia Electrical And Electronics market is projected to witness growth at a CAGR of 6.2%during the forecast period, with a market size of USD 17187.75million in 2024.
• Peru Electrical And Electronics market is projected to witness growth at a CAGR of 7.6%during the forecast period, with a market size of USD 15835.90million in 2024.
• Chile Electrical And Electronics market is projected to witness growth at a CAGR of 7.7%during the forecast period, with a market size of USD 13904.69million in 2024.
• The Rest of Latin America's Electrical And Electronics market is projected to witness growth at a CAGR of 6.5%during the forecast period, with a market size of USD 31092.44million in 2024.

Middle East Electrical And Electronics Market Analysis

According to Cognitive Market Research, the global Electrical And Electronics market size was estimated at USD 3862415.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 77248.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries Electrical And Electronics market is projected to witness growth at a CAGR of 8.5%during the forecast period, with a market size of USD 33062.27million in 2024. Electrical And Electronics sales flourish due to the increased demand for consumer electronics, renewable energy solutions, and advancements in automation.
• The Egypt Electrical And Electronics market is projected to witness growth at a CAGR of 8.0%during the forecast period, with a market size of USD 8111.07million in 2024.
• The South Africa Electrical And Electronics market is projected to witness growth at a CAGR of 7.7%during the forecast period, with a market size of USD 12205.23million in 2024. Electrical And Electronics sales flourished in South Africa due to increased demand for consumer electronics, renewable energy solutions, and advancements in automation.
• The Turkey Electrical And Electronics market is projected to witness growth at a CAGR of 6.2%during the forecast period, with a market size of USD 6643.35million in 2024.
• The Nigeria Electrical And Electronics market is projected to witness growth at a CAGR of 6.8%during the forecast period, with a market size of USD 8111.07million in 2024.
• The Rest of the MEA Electrical And Electronics market is projected to witness growth at a CAGR of 6.7%during the forecast period, with a market size of USD 9115.30million in 2024.

Electrical And Electronics Market Analysis

How are Segments Performing in the Global Electrical And Electronics Market?

Electrical And Electronics Market Type Segment Analysis

According to Cognitive Market Research, The electrical equipment segment holds the largest share in the electrical and electronics market due to its broad application in industries such as manufacturing, construction, and power distribution. This segment includes components like transformers, circuit breakers, and switchgear, essential for powering and protecting electrical systems. The increasing demand for infrastructure development, urbanization, and renewable energy projects continues to drive the growth of electrical equipment, making it a dominant force in the market.

The measuring and control instruments segment is the fastest-growing category in the electrical and electronics market. This is attributed to the rapid advancements in automation, IoT integration, and precision control systems across various industries such as healthcare, automotive, and manufacturing. The increasing need for real-time data, accurate measurements, and system optimization fuels the demand for sophisticated instruments like sensors, gauges, and control panels, thus driving this segment’s expansion at a remarkable pace.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electrical And Electronics Industry. Request a Free Sample PDF!

Electrical And Electronics Market Application Segment Analysis

According to Cognitive Market Research, the offline application segment dominates the electrical and electronics market, as it includes traditional systems and devices that do not rely on the internet for operation. This segment is widely used in industrial, commercial, and residential sectors, encompassing appliances, machinery, and other electronic equipment. The consistency of demand across these sectors, combined with the established infrastructure for offline technologies, has maintained its dominance despite the rise of online applications.

The online application segment is the fastest-growing in the electrical and electronics market, fueled by the widespread adoption of the Internet of Things (IoT), smart devices, and cloud computing. With the increasing integration of internet connectivity into consumer electronics, such as smart homes, wearable devices, and e-commerce, this segment is witnessing rapid growth. The demand for real-time data exchange, remote monitoring, and automation is propelling the online application segment to expand rapidly across diverse industries.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electrical And Electronics Sales Channel Outlook: Segment Analysis

Electrical And Electronics Market Sales Channel Segment Analysis

According to Cognitive Market Research, The OEM segment is the dominant sales channel in the electrical and electronics market due to its essential role in the production of integrated systems and components. OEMs supply a vast range of products directly to manufacturers, ensuring the efficient functioning of industries like automotive, telecommunications, and consumer electronics. The reliance on high-quality, reliable components for system integration has kept the OEM segment at the forefront of the market, making it a primary driver of growth in the electrical and electronics sector.

The aftermarket segment is the fastest-growing sales channel in the electrical and electronics market, driven by the increasing demand for replacement parts, upgrades, and maintenance services. As industries focus on extending the lifespan of equipment and improving performance, the aftermarket becomes more critical. The rise in consumer awareness regarding product longevity and the need for continuous service support is fueling this segment’s growth, particularly in areas such as automotive electronics, home appliances, and industrial machinery.

• OEM
• Aftermarket

Electrical And Electronics End-use Outlook: Segment Analysis

Electrical And Electronics Market End-use Segment Analysis

According to Cognitive Market Research, the B2B segment is the dominant end-use category in the electrical and electronics market. This is driven by the high demand for electronic components, systems, and equipment used in industrial, commercial, and governmental applications. Key industries, such as manufacturing, energy, and telecommunications, rely on B2B transactions for large-scale procurement of electrical equipment, machinery, and specialized technology.

The B2C segment is the fastest-growing end-use category in the electrical and electronics market. The surge in consumer electronics, such as smartphones, wearables, and smart home devices, has significantly contributed to this growth. With the increasing preference for connected devices and innovations in personal electronics, consumers are driving demand for more advanced, affordable products.

• B2B
• B2C

Electrical And Electronics Price Range Segment Analysis

• High
• Medium
• Low

Electrical And Electronics End User Segment Analysis

• Residential
• Commercial

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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