EXPERTISE SECTORElectrical Equipment & Components

The landscape for electrical equipment and components is moving towards digital transformation

With the increasing trend of digital transformation, the industry has to prepare for technological advances that will propel it towards the future of digitalization and the internet of things.

Electrical equipment and components are machines and their components that generate, distribute, and use electrical power. This can mean producing electric wires and cables, electrical components, and manufacturers of power-generating equipment and other heavy electrical equipment. The industry has widespread applications, examples include coating, condition monitoring, electricals, energy storage, environment simulation, industrial testing, noise monitoring, photonics, power electronics, RF and Microwave, geospatial, and thin films applications. The operating structure involves high fixed costs and is highly dependent on essential raw materials. Therefore, fluctuation in commodities prices and other raw materials may have impacts on industry performance. 

Semiconductors

The semiconductor industry is the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices. The semiconductor industry is the driving force and the backbone behind the wider electronic industry. As the electronic device market proliferates the semiconductor industry will continue to prosper. There are four categories of semiconductors namely microprocessors, commodity integrated circuits, memory chips, and complex systems. The semiconductor industry plays a key role in the development of new technology and innovation for electronic products. The industry is predominantly manufactured in 6 places: China, Malaysia, South Korea, Singapore, Taiwan, and Japan. Key players in the industries are Intel Corp, Taiwan Semiconductor Manufacturing, Qualcomm, Broadcom, Micron, NVIDIA, and ASE technology.

Motors, Generators, and Transformers

The devices in this sector convert electrical power to another form. The amount of power generated or converted depends on the capacity size of motors, generators, and transformers. Top manufacturers in the sector are Caterpillar Inc, Toshiba, ABB, and Schweitzer Engineering Laboratories, Inc. among many others.

Batteries

Batteries are used as energy storage for many applications. Over the last decade, a surge in demand and production of lithium-ion batteries has provided many new opportunities. The rapid increase in production has brought an 85% decline in battery prices, making applications such as electric vehicles and other energy storage applications viable. The implication of the battery application viability is vital to transitioning away from fossil fuel dependence and is set to play greater importance in the coming decade. Low-cost battery storage is changing the future of the sector and disrupting existing technology.

Key trends in electrical equipments & components industry

5G
Internet of Things (IoT)
Electric Cars
New Products Expectations
Counterfeit Parts
Sophisticated Supply Chain
Trade War

Gain real-time insights

By talking to industry experts you get first-hand intelligence directly from the field. We will get you top league industry expert profiles directly in your mailbox within 1-2 days.

Search experts

How does Expertwired work?

Search

Create a search request and we'll provide you with the best matching, pre-vetted industry experts to get real-time and first-hand market insights.

Select

View expert profiles and their hourly rate and book the best matching industry experts for 1-on-1 calls.

Video call

Get the market insights you need by interviewing the expert. Our compliance framework protects safe knowledge sharing and confidentiality.

Pay per minute

Payments are only due after you completed all the interviews you need, based on the actual duration with a minimum of 1-hour.

Frequently asked questions

About Expertwired

We are disrupting a global market of traditional operating expert networks with our AI-technology driven and transparent marketplace to make sure you get better matching experts for a much lower price.

Get started today

Find experts in our marketplace or get experts sourced on demand.