MarketLine Blog

Posts tagged to East Asia

South and East Asia – driving growth in the Electrical Equipment Market

The global electrical equipment market was adversely impacted by the economic downturn, experiencing decline of almost 9% in 2009. It recovered strongly in 2010 and has since grown to exceed pre-recession levels. Industry Figures The global electrical equipment market grew by 4.4% in 2011 to reach a value of $202.0 billion, representing a compound annual growth rate of 1.1% for the period spanning 2007-2011. Growth in this market is being driven primarily by increased demand in the growth markets of South and East Asia. The region is home to more… Read more