The global industrial electrification market size is calculated at USD 47.55 billion in 2025 and is forecasted to reach around USD 95.79 billion by 2034, accelerating at a CAGR of 8.10% from 2025 to 2034. The Asia pacific market size surpassed USD 16.14 billion in 2024 and is expanding at a CAGR of 8.70% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Industrial Electrification Industry Impact
5.2. COVID-19 Impact Assessment for the Industry
5.3. COVID-19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Industrial Electrification Market, by Source
8.1.1 Renewable Energy
8.1.1.1. Market Revenue and Forecast
8.1.2. Nuclear Power
8.1.2.1. Market Revenue and Forecast
8.1.3. Fossil Fuel-based
8.1.3.1. Market Revenue and Forecast
8.1.4. Others
8.1.4.1. Market Revenue and Forecast
9.1. Industrial Electrification Market, by Technology
9.1.1. Heat Pumps
9.1.1.1. Market Revenue and Forecast
9.1.2. Electric Resistance Heating
9.1.2.1. Market Revenue and Forecast
9.1.3. Electric Arc Heating
9.1.3.1. Market Revenue and Forecast
9.1.4. Electric Boilers
9.1.4.1. Market Revenue and Forecast
9.1.5. Energy Storage
9.1.5.1. Market Revenue and Forecast
9.1.6. Others
9.1.6.1. Market Revenue and Forecast
10.1. Industrial Electrification Market, by End-Use Industry
10.1.1. Manufacturing
10.1.1.1. Market Revenue and Forecast
10.1.2. Steel and Cement
10.1.2.1. Market Revenue and Forecast
10.1.3. Mining
10.1.3.1. Market Revenue and Forecast
10.1.4. Chemicals
10.1.4.1. Market Revenue and Forecast
10.1.5. Construction
10.1.5.1. Market Revenue and Forecast
10.1.6. Oil and Gas
10.1.6.1. Market Revenue and Forecast
10.1.7. Pulp and Paper
10.1.7.1. Market Revenue and Forecast
10.1.8. Others
10.1.8.1. Market Revenue and Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Source
11.1.2. Market Revenue and Forecast, by Technology
11.1.3. Market Revenue and Forecast, by End-Use Industry
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Source
11.1.4.2. Market Revenue and Forecast, by Technology
11.1.4.3. Market Revenue and Forecast, by End-Use Industry
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Source
11.1.5.2. Market Revenue and Forecast, by Technology
11.1.5.3. Market Revenue and Forecast, by End-Use Industry
11.2. Europe
11.2.1. Market Revenue and Forecast, by Source
11.2.2. Market Revenue and Forecast, by Technology
11.2.3. Market Revenue and Forecast, by End-Use Industry
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Source
11.2.4.2. Market Revenue and Forecast, by Technology
11.2.4.3. Market Revenue and Forecast, by End-Use Industry
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Source
11.2.5.2. Market Revenue and Forecast, by Technology
11.2.5.3. Market Revenue and Forecast, by End-Use Industry
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Source
11.2.6.2. Market Revenue and Forecast, by Technology
11.2.6.3. Market Revenue and Forecast, by End-Use Industry
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Source
11.2.7.2. Market Revenue and Forecast, by Technology
11.2.7.3. Market Revenue and Forecast, by End-Use Industry
11.3. APAC
11.3.1. Market Revenue and Forecast, by Source
11.3.2. Market Revenue and Forecast, by Technology
11.3.3. Market Revenue and Forecast, by End-Use Industry
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Source
11.3.4.2. Market Revenue and Forecast, by Technology
11.3.4.3. Market Revenue and Forecast, by End-Use Industry
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Source
11.3.5.2. Market Revenue and Forecast, by Technology
11.3.5.3. Market Revenue and Forecast, by End-Use Industry
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Source
11.3.6.2. Market Revenue and Forecast, by Technology
11.3.6.3. Market Revenue and Forecast, by End-Use Industry
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Source
11.3.7.2. Market Revenue and Forecast, by Technology
11.3.7.3. Market Revenue and Forecast, by End-Use Industry
11.4. MEA
11.4.1. Market Revenue and Forecast, by Source
11.4.2. Market Revenue and Forecast, by Technology
11.4.3. Market Revenue and Forecast, by End-Use Industry
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Source
11.4.4.2. Market Revenue and Forecast, by Technology
11.4.4.3. Market Revenue and Forecast, by End-Use Industry
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Source
11.4.5.2. Market Revenue and Forecast, by Technology
11.4.5.3. Market Revenue and Forecast, by End-Use Industry
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Source
11.4.6.2. Market Revenue and Forecast, by Technology
11.4.6.3. Market Revenue and Forecast, by End-Use Industry
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Source
11.4.7.2. Market Revenue and Forecast, by Technology
11.4.7.3. Market Revenue and Forecast, by End-Use Industry
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Source
11.5.2. Market Revenue and Forecast, by Technology
11.5.3. Market Revenue and Forecast, by End-Use Industry
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Source
11.5.4.2. Market Revenue and Forecast, by Technology
11.5.4.3. Market Revenue and Forecast, by End-Use Industry
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Source
11.5.5.2. Market Revenue and Forecast, by Technology
11.5.5.3. Market Revenue and Forecast, by End-Use Industry
12.1. ABB
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. AISIN CORPORATION
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Bharat Bijlee Limited
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Bonfiglioli Transmissions Private Limited
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BorgWarner Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Continental AG
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. DENSO CORPORATION
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. General Electric
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Johnson Electric Holdings Limited
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Kirloskar Electric Company
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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