Global Electrical Materials Market Growth (Status and Outlook) 2025-2031

The global Electrical Materials market size is predicted to grow from US$ 587440 million in 2025 to US$ 764180 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

Electrical materials are the different parts that help to make an electrical project successful. There can be hundreds of different types of electrical materials that can be used. Starting from a switch to a high-end motor, all these are electrical materials that are used in providing electricity or used in machines that require electricity.

United States market for Electrical Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Electrical Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Electrical Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Electrical Materials players cover ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Electrical Materials Industry Forecast” looks at past sales and reviews total world Electrical Materials sales in 2024, providing a comprehensive analysis by region and market sector of projected Electrical Materials sales for 2025 through 2031. With Electrical Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical Materials industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical Materials 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 Materials.

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

Segmentation by Type:
Switch
Fuse
Plug
Circuit Breaker
Enclosures
Electrical Connectors
Electrical Wires and Conductors
Others

Segmentation by Application:
Industrials
Residential
Transport
Others

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.
ABB
Schneider Electric
Eaton
Mitsubishi Electric
Siemens
Legrand
Fuji Electric
CHINT Electrics
Alstom
Rockwell Automation
Bull
SIMON
Littelfuse
Mersen
Schurter
Prysmian
Nexans
Changshu Switchgear
Liangxin
Toshiba
Shanghai Renmin
Suntree
Yueqing Feeo Electric
KEI Industries,
Sumitomo Electric
Furukawa Electric
NKT
ZTT Group
Orient Cables
Qingdao Hanhe Cable

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