- Views: 16
- Report Article
- Articles
- Business & Careers
- Business Services
Companies Investing In Smart Switch To Save Electricity
![Author: Aleemuddin Tbrc](/data/uploads/0000231000/200/abi_0000231273.thumb.100.jpg)
Posted: Dec 22, 2018
The global electrical equipment manufacturing market, one of the segments in the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 4.6% during the historic period. This mainly due to rise in disposable income which in turn increased demand for household appliances.
In the forecast period, the electrical equipment manufacturing market size is expected to be over $1746.4 billion by 2021, growing at a CAGR of nearly 4.9%. The growth rate is higher in the forecast period when compared to the historic period. This is mainly attributed to several factors which include economic growth in emerging economies and government initiatives in the electrical equipment industry.
Find TBRC’s report on the electrical equipment manufacturing market:
https://www.thebusinessresearchcompany.com/report/electrical-equipment-manufacturing-market-global-briefing-2018
Smart switches are being widely used in residential, construction and institutional applications to minimize electricity consumption and automate electrical circuits and appliances. Smart switches can be used to control and monitor electrical appliances using a smartphone from remote locations. They are easy to install and can be connected to the existing Wi-Fi network.
Download a sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=681&type=smp
The electrical equipment manufacturing market comprises establishments manufacturing electric lighting equipment, household appliances, electrical equipment manufacturing batteries, wires, and relay and other electrical equipment, electronic products and components.
The top five companies covered are Panasonic Corporation, Samsung Electronics Co Ltd., ABB Ltd, Sumitomo Electric Industries Ltd. and Toshiba Corporation. Panasonic was the largest company in the electrical equipment manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The electrical equipment manufacturing market 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.
Power Generation, Transmission and Control Manufacturing comprises establishments manufacturing power, distribution, and specialty transformers, motors and generators, switchgear and switchboard apparatus and relay and industrial control equipment.
Household Appliances Manufacturing consists of establishments engaged in manufacturing of appliances used for various purposes at home such as household-type small electric appliances, electric and non-electric cooking appliances, refrigerators and home freezers, laundry equipment and other major household appliances.
Communication And Energy Wire And Cable segment comprises establishments manufacturing current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits.
Batteries Manufacturing segment comprises establishments include companies manufacturing storage and primary batteries.
Electric Lighting Equipment Manufacturing segment comprises establishments manufacturing electric lamp bulbs and lighting fixtures for residential, institutional, commercial, industrial and automotive purposes.
About The Business Research Company.
The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.
The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
About the Author
The Business Research Company excels in company, market and consumer research. Our team consists of 90+ professionals working to create high quality market reports that can either be accessed through our research center.
Rate this Article
Leave a Comment
![Author Thumbnail](/inc/images/no-person-100.gif)