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
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information.
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Americas: +1 315 623 0293
Email: info@tbrc.info
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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
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
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
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