Top 100 companies worldwide: Electrical Equipment

Since its emergence in the 20th century, the electrical equipment industry has allowed for the development of equipment, devices, and components that make technological advancements possible. As modern society’s reliance on technology increases, automation in industrial production, and the IoT are among the key trends in the electrical equipment industry. The manufacture of electrical equipment industry includes the manufacture of products that generate, distribute, and use electrical power. Furthermore, the manufacture of electrical lighting, signaling equipment, and electric household appliances are also included. The number of enterprises in this sector is projected to amount to 218,600 in 2024. The number of large companies in the electrical equipment industry is an indicator of the overall economic performance of that sector. Not only do these companies provide jobs for the local markets, but they are also able to achieve success in global markets, thus generating greater value.