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| Year | Market Size (Million USD) | Growth Rate (%) | Key Trends |
|---|---|---|---|
| 2023 | 1500 | 5.0 | Increased automation in industrial applications |
| 2024 | 1580 | 5.3 | Adoption of smart grids and renewable energy |
| 2025 | 1660 | 5.2 | Emphasis on safety and energy efficiency |
| 2026 | 1745 | 5.1 | Integration of IoT in electrical equipment |
| 2027 | 1830 | 5.0 | Focus on predictive maintenance solutions |
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