• Market Insights

Electrical Industry Market Insight

The volume of the global electrical industry grew at a CAGR of 3.28% between 2013 and 2020 and is expected to reach a market volume of EUR 4,603 billion in 2020. The electrical industry is expected to grow by 9% in 2021 and 6% in 2022. COVID effect: Despite the pandemic, the market remained at the level of 2019, mainly due to further growth in Asia as well as increasing digitization as a key growth driver.

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