Global Electrical & Automation System Market Growth (Status and Outlook) 2023-2029

Global Electrical & Automation System Market Growth (Status and Outlook) 2023-2029

The growing reliance on electrical and automation systems has made these a highly critical factor for vessel safety. To keep your system functioning safely and reliably, Wärtsilä offers a wide range of electrical and automation solutions that improve performance, extend the lifecycle, and minimize risk.

LPI (LP Information)' newest research report, the “Electrical & Automation System Industry Forecast” looks at past sales and reviews total world Electrical & Automation System sales in 2022, providing a comprehensive analysis by region and market sector of projected Electrical & Automation System sales for 2023 through 2029. With Electrical & Automation System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical & Automation System industry.

This Insight Report provides a comprehensive analysis of the global Electrical & Automation System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrical & Automation System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electrical & Automation System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical & Automation System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrical & Automation System.

The global Electrical & Automation System market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Electrical & Automation System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Electrical & Automation System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Electrical & Automation System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Electrical & Automation System players cover GE, Siemens, ABB, Honeywell, Wartsila, Larsen & Toubro, Mitsubishi Electric, Schneider Electric and Dubrule Electrical & Automation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Electrical & Automation System market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hardware
Software
Service

Segmentation by application
Marine
Oil & Gas
Energy
Construction
Automotive
Household Appliances
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE
Siemens
ABB
Honeywell
Wartsila
Larsen & Toubro
Mitsubishi Electric
Schneider Electric
Dubrule Electrical & Automation
C. Jackson Electric & Automation
SMS group
Harms Electric
Festo
ANDRITZ Group
Werner Electric
Emerson

Please note: The report will take approximately 2 business days to prepare and deliver.