Electrical Machinery & Apparatus: Global Industry Forecasts

Discover the latest insights into the global electrical engineering & apparatus outlook with our new chartbook. Updated each quarter, this chartbook offers comprehensive information about segments like batteries and electricity-generating equipment, across a number of key markets. A few of the key trends the chartbook delves into are below.

What you will learn:

• Our outlook for electrical machinery & apparatus value-added production is muted in 2024, but stronger growth is forecast in 2025. The start of the rate-cutting cycle in many countries will ease the pressure on producers of electrical machinery & apparatus, but we expect the transmission mechanisms in play to impact electrical machinery & apparatus with a lag.
• The importance of electrical machinery & apparatus output to climate change mitigation has led to a structural increase in demand. Production of goods including batteries, electric motors, electricity distribution infrastructure, and solar panels will grow quickly throughout the medium to long term.
• Policymakers around the world are providing support to the sector, as economies look to benefit from the transition and view reliable access to output as a matter of security. In two of the sector’s largest producers, the US and China, stimulus packages continue to support strong investment.