Blog - Electrical Equipment

Despite global logistical tensions amid the sharp container shortage, the U.S. continues to boosts microwave oven imports. Last year, American purchases spiked by +16.3% to $1.6B, reaching the highest level ever. In the first seven months of 2021, American imports reached 12.9M units, exceeding last year’s 12.1M units over the same period. China dominates American imports, supplying 95% of the total volume. In 2020, Chinese shipments to the U.S. jumped by +29% y-o-y to 22M units, while Malaysia saw a 19%-decline in supplies. Chinese microwave ovens thus drive out Malaysian products from the American market. 

For the second year in a row, production and exports of household dishwashing machines in the EU are rising. In 2020, household dishwashing machine production reached $1.1B in 2020, while exports in the EU grew to $2.8B. Poland remains the largest household dishwashing machine producing country in the EU, with an 87%-share of European domestic production volume. Poland also leads in exports, following Germany. Among the key European exporters, Spain featured the highest spike in export value in 2020. Last year, the average export price for household dishwashing machines in the EU grew by +4.6% y-o-y to $265 per unit.

The battery market in the EU is expanding on the heels of growth in the electric vehicle and renewable energy industries. In July 2021, the EU instituted new regulations that force battery producers to diminish greenhouse gas emissions throughout all stages of the product lifecycle. Increases in mandatory levels of recovered batteries and the share of recycled materials used in new ones will lead to a critical need for additional recycling capabilities and could drive an investment boom in the market.

The global solar panel market accelerates along with the unabated shift towards renewable energy. China, the leader in solar panel exports, will enjoy robust foreign demand while the domestic purchases may slow due to tariff subsidies cut. The U.S. experiences a surge in solar power generation, thanks to the increasing affordability of solar cells and robust suburban construction. The EU, Asia-Pacific, Mexico and Australia are also emerging as the most promising markets due to the swift adoption of solar generation capacities.

As countries implement 5G networks, the increased demand is predicted to significantly drive the market for optical fiber to reach 1.5M tonnes by 2030. This new generation of mobile broadband will require building dense networks of base stations connected by optical fiber cables.  In the near future, the U.S., China, Japan and the EU should become the most lucrative markets for sales and distribution of fiber optics.

Electric wires and cables may hit a record demand amid the infrastructure development for electric vehicles in the U.S., for which the Biden administration's infrastructure bill will allocate $174B. The active deployment of 5G networks and the expansion in the construction sector due to the rush demand for dwellings will also continue driving the market in the medium term.

The second half of 2020 saw an unprecedented increase in demand for household appliances, as during the lockdown people started to use domestic equipment more intensively. While enjoying buoyant growth, the market is to adjust to higher standards in terms of energy efficiency and reducing waste. 

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