TheBusinessResearchCompany’s Electrical And Electronics Manufacturing Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The electrical and electronics manufacturing market consists of sales of products that generate, distribute and use electrical power products by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power, or electronic products such as audio, video and semi-conductors. This market does not include computers, computer peripherals and telecommunications equipment.
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The electrical and electronics manufacturing market expected to reach a value of nearly $3818.02 billion by 2022, significantly growing at a CAGR of 6.5% during the forecast period. The growth in the electrical and electronics manufacturing market is due high sales volume and value of switchgears, transformers and other electrical equipment and economic growth.
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The electrical and electronics manufacturing market is segmented into electrical equipment manufacturing, electronic products manufacturing and navigational, measuring, electromedical, and control instruments manufacturing among these segments, electrical equipment manufacturing market accounts for the largest share in the global electrical and electronics manufacturing market.
Some of the major players involved in the Electrical And Electronics Manufacturing Market are Samsung Electronics, Panasonic Corporation and Intel.
The electronics manufacturing industry is responsible for the creation of new technology that all consumers use or will be using in the future. The supply chain of the electronics sector starts from a semiconductor company designing chips or integrated circuits. Other types of electronics companies design passive components such as resistors and capacitors or manufacture silicon itself. Consumer electronics companies then take the chips and other components and use them to design products such as smartphones and tablets, washing machines and microwaves, etc . The Business Research Company expects the electrical and electronics manufacturing market to grow to $3.8 trillion by 2022.
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This post was originally published on The Market Plan