Industrial Electrification Market, By Source, By Technology, By End-Use Industry, By Country, and By Region - Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032

Description

Industrial Electrification Market size was valued at US$ 39,925.01 Million in 2024, expanding at a CAGR of 6.60% from 2025 to 2032.

Electrification is one of the six key processes of energy decarbonization that converts waste energy into useful energy sources that can then be used for a variety of applications. The energy transition refers to reducing the use of fossil fuels for energy production and shifting to cleaner energy sources such as renewable energy.

Industrial Electrification Market- Market Dynamics

O Increasing emphasis on energy efficiency and sustainability.

The growing emphasis on energy efficiency and sustainability is a critical driver of industrial electrification adoption around the world. Industries are increasingly looking for ways to reduce energy consumption and greenhouse gas emissions in order to comply with strict environmental regulations and achieve corporate social responsibility goals. Electrification provides a more efficient and flexible alternative to traditional fossil-fuel-based systems by allowing for greater control over energy consumption and seamless integration of renewable energy sources. General Electric and Siemens, for example, have played critical roles in promoting industrial electrification as a means of improving energy efficiency and sustainability. For instance, GE's "Grid Solutions" division focuses on electrification and the integration of renewable energy sources like solar and wind into industrial operations. This helps industries reduce their reliance on fossil fuels and reduce carbon emissions.

Industrial Electrification Market- Key Insights

v As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.60% over the forecast period (2025-2032)

v Based on Technology segmentation, Over the course of the study, the electric resistance heating market is anticipated to expand quickly.

v Based on End-Use Industry segmentation, the manufacturing sector will dominate the worldwide industrial electrification market in 2025.

v On the basis of region, Asia Pacific was the leading revenue generator in 2024

Industrial Electrification Market- Segmentation Analysis:

The Global Industrial Electrification Market is segmented on the basis of Source, Technology, End-Use Industry, and Region.

Six categories are used to categorize the market according to technology: Heat Pumps, Energy Storage, Electric Arc Heating, Electric Boilers, Electric Resistance Heating and Others. The electric resistance heating segment is expected to grow at a rapid pace during the study period. The technological features of precise temperature control and rapid heating enable its use in a variety of industrial processes. Electric resistance heating systems integrate into existing industrial setups with minimal modifications, making them desirable to implement. Electric resistance heating adoption is increasing as industries seek to reduce carbon emissions while utilizing renewable energy sources and improving efficiency. Furthermore, new breakthroughs in electric resistance heating are increasing its industrial importance.

The market is divided into eight categories according to end-use industry: Manufacturing, Pulp and Paper, Mining, Chemicals, Construction, Steel and Cement, Oil and Gas, Others. In 2025, the manufacturing segment will lead the global industrial electrification market, as businesses prioritize sustainable operations and efficient production processes. The increasing use of electric machinery with industrial heat solutions has resulted in a reduction in fossil fuel dependence while also supporting global decarbonization efforts. The adoption of electrified manufacturing technologies skyrocketed as industrial energy transition policies strengthened market leadership. Furthermore, official government documents demonstrated how industrial electrification helped to reduce emissions in specific facilities while maintaining industrial sector control.

Industrial Electrification Market- Geographical Insights

Asia Pacific will dominate the industrial electrification market in 2025 due to rapid industrial development and urbanization. The region grew as a result of government policies that promoted renewable energy integration and the conversion of industrial processes to electrical operation. The need for sustainable practices prompted industrial operators to install electric machinery, which improved energy efficiency and reduced carbon emissions. The World Health Organization confirmed that solar photovoltaic systems combined with battery storage systems evolved into cost-effective, adaptable solutions that sped up the power-up process throughout the region.

North America has a significant presence in the global industrial electrification market, due to governments investing heavily in clean industry sectors and implementing favorable policies. The implementation of greenhouse gas emission reduction goals and energy independence initiatives has accelerated industrial electrification in a variety of business sectors. North America has excellent potential for industrial electrification advancement due to its commitment to sustainable practices and technological advancements. The Inflation Reduction Act of 2022 provided significant financial incentives for businesses to electrify their operations, reinforcing regional strength.

Industrial Electrification Market- Competitive Landscape:

The industrial electrification market is fiercely competitive, with global players like ABB, Continental AG, AISIN CORPORATION, Bonfiglioli Transmissions Private Limited, and BorgWarner Inc. dominating the landscape with comprehensive electrification, automation, and energy management offerings. These companies are working to modernize industrial infrastructure by integrating smart grids, electrifying machinery, installing EV charging stations, and distributing energy more efficiently. The global push toward decarbonization, digital transformation, and demand for resilient energy systems in industries such as manufacturing, mining, and logistics have all contributed to intense competition. Strategic partnerships, acquisitions, and investments in AI-enabled platforms and IoT-based energy monitoring are defining the competitive advantage. While North America and Europe lead in advanced industrial frameworks and regulatory support, Asia-Pacific is emerging as a key growth region as a result of rapid industrialization and clean energy transitions.

Recent Developments:

v In April 2024, Siemens Smart Infrastructure has launched Electrification X, a new suite of applications in their SaaS and IoT portfolio. This offering is intended to assist renewable generators, transmission and distribution system operators (TSOs), industries, and infrastructure customers in improving productivity, reliability, asset utilization, energy efficiency, and sustainable innovation.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL INDUSTRIAL ELECTRIFICATION MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

O ABB
O Continental AG
O AISIN CORPORATION
O Bonfiglioli Transmissions Private Limited
O BorgWarner Inc.
O DENSO CORPORATION
O General Electric
O Johnson Electric Holdings Limited
O Bharat Bijlee Limited
O Kirloskar Electric Company
O Others

GLOBAL INDUSTRIAL ELECTRIFICATION MARKET, BY SOURCE- MARKET ANALYSIS, 2019 - 2032

O Fossil Fuel-based
O Renewable Energy
Solar Energy
Wind Energy
Hydropower
Geothermal
O Nuclear Power
Nuclear Fission
Nuclear Fusion
O Others

GLOBAL INDUSTRIAL ELECTRIFICATION MARKET, BY TECHNOLOGY- MARKET ANALYSIS, 2019 - 2032

O Heat Pumps
O Energy Storage
O Electric Arc Heating
O Electric Boilers
O Electric Resistance Heating
O Others

GLOBAL INDUSTRIAL ELECTRIFICATION MARKET, BY END-USE INDUSTRY- MARKET ANALYSIS, 2019 - 2032

O Manufacturing
O Pulp and Paper
O Mining
O Chemicals
O Construction
O Steel and Cement
O Oil and Gas
O Others

GLOBAL INDUSTRIAL ELECTRIFICATION MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

O North America
U.S.
Canada
O Europe
Germany
UK
France
Italy
Spain
The Netherlands
Sweden
Russia
Poland
Rest of Europe
O Asia Pacific
China
India
Japan
South Korea
Australia
Indonesia
Thailand
Philippines
Rest of APAC
O Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
O The Middle East and Africa
Saudi Arabia
UAE
Israel
Turkey
Algeria
Egypt
Rest of MEA

Product Code: ANV5570

1. Industrial Electrification Market Overview

1.1. Study Scope
1.2. Market Estimation Years

2. Executive Summary

2.1. Market Snippet
- 2.1.1. Industrial Electrification Market Snippet by Source
- 2.1.2. Industrial Electrification Market Snippet by Technology
- 2.1.3. Industrial Electrification Market Snippet by End-Use Industry
- 2.1.4. Industrial Electrification Market Snippet by Country
- 2.1.5. Industrial Electrification Market Snippet by Region
2.2. Competitive Insights

3. Industrial Electrification Key Market Trends

3.1. Industrial Electrification Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
3.2. Industrial Electrification Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
3.3. Industrial Electrification Market Opportunities
3.4. Industrial Electrification Market Future Trends

4. Industrial Electrification Industry Study

4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis

5. Industrial Electrification Market: Impact of Escalating Geopolitical Tensions

5.1. Impact of COVID-19 Pandemic
5.2. Impact of Russia-Ukraine War
5.3. Impact of Middle East Conflicts

6. Industrial Electrification Market Landscape

6.1. Industrial Electrification Market Share Analysis, 2024
6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis

7. Industrial Electrification Market - By Source

7.1. Overview
- 7.1.1. Segment Share Analysis, By Source, 2024 & 2032 (%)
- 7.1.2. Fossil Fuel-based
- 7.1.3. Renewable Energy
  - 7.1.3.1. Solar Energy
  - 7.1.3.2. Wind Energy
  - 7.1.3.3. Hydropower
  - 7.1.3.4. Geothermal
- 7.1.4. Nuclear Power
  - 7.1.4.1. Nuclear Fission
  - 7.1.4.2. Nuclear Fusion
- 7.1.5. Others

8. Industrial Electrification Market - By Technology

8.1. Overview
- 8.1.1. Segment Share Analysis, By Technology, 2024 & 2032 (%)
- 8.1.2. Heat Pumps
- 8.1.3. Energy Storage
- 8.1.4. Electric Arc Heating
- 8.1.5. Electric Boilers
- 8.1.6. Electric Resistance Heating
- 8.1.7. Others

9. Industrial Electrification Market - By End-Use Industry

9.1. Overview
- 9.1.1. Segment Share Analysis, By End-Use Industry, 2024 & 2032 (%)
- 9.1.2. Manufacturing
- 9.1.3. Pulp and Paper
- 9.1.4. Mining
- 9.1.5. Chemicals
- 9.1.6. Construction
- 9.1.7. Steel and Cement
- 9.1.8. Oil and Gas
- 9.1.9. Others

10. Industrial Electrification Market- By Geography

10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
10.2. North America
- 10.2.1. Overview
- 10.2.2. Industrial Electrification Key Manufacturers in North America
- 10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. North America Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
- 10.2.5. North America Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.6. North America Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.2.7. U.S.
  - 10.2.7.1. Overview
  - 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.2.7.3. U.S. Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.2.7.4. U.S. Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.2.7.5. U.S. Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.2.8. Canada
  - 10.2.8.1. Overview
  - 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.2.8.3. Canada Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.2.8.4. Canada Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.2.8.5. Canada Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
10.3. Europe
- 10.3.1. Overview
- 10.3.2. Industrial Electrification Key Manufacturers in Europe
- 10.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.3.4. Europe Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
- 10.3.5. Europe Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.3.6. Europe Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.7. Germany
  - 10.3.7.1. Overview
  - 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.7.3. Germany Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.7.4. Germany Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.7.5. Germany Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.8. UK
  - 10.3.8.1. Overview
  - 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.8.3. UK Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.8.4. UK Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.8.5. UK Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.9. France
  - 10.3.9.1. Overview
  - 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.9.3. France Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.9.4. France Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.9.5. France Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.10. Italy
  - 10.3.10.1. Overview
  - 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.10.3. Italy Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.10.4. Italy Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.10.5. Italy Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.11. Spain
  - 10.3.11.1. Overview
  - 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.11.3. Spain Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.11.4. Spain Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.11.5. Spain Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.12. The Netherlands
  - 10.3.12.1. Overview
  - 10.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.12.3. The Netherlands Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.12.4. The Netherlands Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.12.5. The Netherlands Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.13. Sweden
  - 10.3.13.1. Overview
  - 10.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.13.3. Sweden Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.13.4. Sweden Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.13.5. Sweden Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.14. Russia
  - 10.3.14.1. Overview
  - 10.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.14.3. Russia Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.14.4. Russia Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.14.5. Russia Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.15. Poland
  - 10.3.15.1. Overview
  - 10.3.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.15.3. Poland Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.15.4. Poland Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.15.5. Poland Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.3.16. Rest of Europe
  - 10.3.16.1. Overview
  - 10.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.16.3. Rest of the Europe Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.3.16.4. Rest of the Europe Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.3.16.5. Rest of the Europe Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
10.4. Asia Pacific (APAC)
- 10.4.1. Overview
- 10.4.2. Industrial Electrification Key Manufacturers in Asia Pacific
- 10.4.3. APAC Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.4.4. APAC Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
- 10.4.5. APAC Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.4.6. APAC Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.7. China
  - 10.4.7.1. Overview
  - 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.7.3. China Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.7.4. China Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.7.5. China Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.8. India
  - 10.4.8.1. Overview
  - 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.8.3. India Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.8.4. India Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.8.5. India Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.9. Japan
  - 10.4.9.1. Overview
  - 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.9.3. Japan Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.9.4. Japan Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.9.5. Japan Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.10. South Korea
  - 10.4.10.1. Overview
  - 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.10.3. South Korea Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.10.4. South Korea Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.10.5. South Korea Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.11. Australia
  - 10.4.11.1. Overview
  - 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.11.3. Australia Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.11.4. Australia Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.11.5. Australia Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.12. Indonesia
  - 10.4.12.1. Overview
  - 10.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.12.3. Indonesia Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.12.4. Indonesia Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.12.5. Indonesia Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.13. Thailand
  - 10.4.13.1. Overview
  - 10.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.13.3. Thailand Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.13.4. Thailand Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.13.5. Thailand Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.14. Philippines
  - 10.4.14.1. Overview
  - 10.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.14.3. Philippines Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.14.4. Philippines Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.14.5. Philippines Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.4.15. Rest of APAC
  - 10.4.15.1. Overview
  - 10.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.15.3. Rest of APAC Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.4.15.4. Rest of APAC Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.4.15.5. Rest of APAC Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
10.5. Latin America (LATAM)
- 10.5.1. Overview
- 10.5.2. Industrial Electrification Key Manufacturers in Latin America
- 10.5.3. LATAM Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.5.4. LATAM Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
- 10.5.5. LATAM Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.5.6. LATAM Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.5.7. Brazil
  - 10.5.7.1. Overview
  - 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.7.3. Brazil Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.5.7.4. Brazil Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.5.7.5. Brazil Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.5.8. Mexico
  - 10.5.8.1. Overview
  - 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.8.3. Mexico Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.5.8.4. Mexico Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.5.8.5. Mexico Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.5.9. Argentina
  - 10.5.9.1. Overview
  - 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.9.3. Argentina Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.5.9.4. Argentina Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.5.9.5. Argentina Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.5.10. Colombia
  - 10.5.10.1. Overview
  - 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.10.3. Colombia Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.5.10.4. Colombia Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.5.10.5. Colombia Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.5.11. Rest of LATAM
  - 10.5.11.1. Overview
  - 10.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.11.3. Rest of LATAM Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.5.11.4. Rest of LATAM Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.5.11.5. Rest of LATAM Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
10.6. Middle East and Africa (MEA)
- 10.6.1. Overview
- 10.6.2. Industrial Electrification Key Manufacturers in Middle East and Africa
- 10.6.3. MEA Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.6.4. MEA Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
- 10.6.5. MEA Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.6.6. MEA Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.6.7. Saudi Arabia
  - 10.6.7.1. Overview
  - 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.7.3. Saudi Arabia Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.6.7.4. Saudi Arabia Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.6.7.5. Saudi Arabia Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.6.8. UAE
  - 10.6.8.1. Overview
  - 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.8.3. UAE Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.6.8.4. UAE Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.6.8.5. UAE Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.6.9. Israel
  - 10.6.9.1. Overview
  - 10.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.9.3. Israel Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.6.9.4. Israel Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.6.9.5. Israel Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.6.10. Turkey
  - 10.6.10.1. Overview
  - 10.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.10.3. Turkey Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.6.10.4. Turkey Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.6.10.5. Turkey Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.6.11. Algeria
  - 10.6.11.1. Overview
  - 10.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.11.3. Algeria Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.6.11.4. Algeria Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.6.11.5. Algeria Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.6.12. Egypt
  - 10.6.12.1. Overview
  - 10.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.12.3. Egypt Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.6.12.4. Egypt Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.6.12.5. Egypt Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)
- 10.6.13. Rest of MEA
  - 10.6.13.1. Overview
  - 10.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.13.3. Rest of MEA Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
  - 10.6.13.4. Rest of MEA Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
  - 10.6.13.5. Rest of MEA Market Size and Forecast, By End-Use Industry, 2019 - 2032 (US$ Million)

11. Key Vendor Analysis- Industrial Electrification Industry

11.1. Competitive Benchmarking
- 11.1.1. Competitive Dashboard
- 11.1.2. Competitive Positioning
11.2. Company Profiles
- 11.2.1. ABB
- 11.2.2. Continental AG
- 11.2.3. AISIN CORPORATION
- 11.2.4. Bonfiglioli Transmissions Private Limited
- 11.2.5. BorgWarner Inc.
- 11.2.6. DENSO CORPORATION
- 11.2.7. General Electric
- 11.2.8. Johnson Electric Holdings Limited
- 11.2.9. Bharat Bijlee Limited
- 11.2.10. Kirloskar Electric Company
- 11.2.11. Others

12. 360 Degree AnalystView

13. Appendix

13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us