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Global Electrical and Electronics Manufacturing Market Report 2019
August 12, 2019 | Business WireEstimated reading time: 1 minute
Global electrical and electronics manufacturing market report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global electrical and electronics manufacturing market.
Where is the largest and fastest growing market for electrical and electronics manufacturing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Electrical And Electronics Manufacturing market global report answers all these questions and many more.
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.
Asia Pacific was the largest region in the global electrical and electronics manufacturing market, accounting for 41% of the market in 2018. North America was the second largest region accounting for 24% of the global electrical and electronics manufacturing market. Africa was the smallest region accounting for 2% of the market.
Use of robotics and automation was considered to be one of the latest trends in the electrical and electronics manufacturing market. Many electronic equipment companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns.
For instance, according to a report by Boston Consulting Group (BCG) in 2016, 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs.
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