Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Building Automation (Datacom Accessories, Security & wiring Accessories), By Cables & Wires (Datacom Cables, LV Cables, MV&HV Cables, Special Cables), By Industrial Automation (Automation Controls, Auxiliary Controls, Drives & Motion Controls, Measurement Controls and Relays), By Lighting (Fixtures, Lamps & LEDs), By Power Distribution (Cable Management, Enclosures & Panels, LV Electrical Distribution), By Renewable Energies (HVAC, Renewable energy), By Safety & Tools (Safety Equipment, Working Tools & Accessories) And Competitive Landscape
| Product Code: ETC395405 | Publication Date: Aug 2022 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
According to 6Wresearch internal database and industry insights, the Europe Electrical Components Market was accounted at USD 98.7 billion in 2024 and is projected to reach nearly USD 140.9 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% during the forecast period (2025-2031).
| Report Name | Europe Electrical Components Market |
| Forecast period | 2025-2031 |
| CAGR | 5.3% |
| Market size | USD 140.9 billion by 2031 |
| Growing Sector | Safety Equipment |
Europe Electrical Components Market report thoroughly covers the market by building automation, cables & wires, industrial automation, lighting, power distribution, renewable energies, and safety & tools segments. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Europe Electrical Components Market has registered steady growth owing to increasing investments in infrastructure modernization, renewable energy integration, and smart building technologies. Increasing demand for energy-saving and automated systems in residential, commercial, and industrial areas is set to accelerate the electrical components market growth in Europe. Government incentives for sustainable energy and digital transformation, along with advances in IoT and Industry 4.0 technologies, play a vital role in market development.
Below mentioned some growth drivers and their impact on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Renewable Energy Integration | Renewable Energies, Power Distribution | Drives demand for specialized components and cable systems. |
| Smart Building and Automation | Building Automation, Industrial Automation | Boosts need for IoT and intelligent control systems. |
| Energy Efficiency Regulations | Lighting, Power Distribution | Promotes use of LEDs and efficient distribution equipment. |
| Digital Transformation | Industrial Automation, Building Automation | Fuels adoption of connected and automated solutions. |
| Urbanization & Infrastructure Upgrades | Cables & Wires, Power Distribution | Increases need for LV/MV cables and power equipment. |
Europe Electrical Components Market is expected to gain traction, registering a CAGR of 5.3% during 2025-2031. Investments in renewable energy, smart building automation, and industrial digitalization are fueling the Europe Electrical Components Market Growth. The increasing focus on energy efficiency, sustainability, and regulations propels the adoption of components like LEDs, smart sensors, and efficient power distribution systems. The need for low and medium-voltage cables increases with urbanization and infrastructural enhancements. Additionally, the growing need for connected and automated systems is fueling market expansion across commercial, industrial, and residential sectors.
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| Supply Chain Disruptions | All segments | Causes delays and increases component costs. |
| Regulatory Compliance Costs | All segments | Adds financial burden on manufacturers and users. |
| Skilled Labor Shortage | Industrial Automation, Renewable Energies | Hinders system deployment and maintenance. |
| High Initial Investment | Power Distribution, Renewable Energies | Slows projects due to high upfront costs. |
| Technological Obsolescence | Building Automation, Industrial Automation | Requires frequent upgrades, raising overall costs. |
The Europe Electrical Components Market encounters difficulties from diverse regulations and extensive product customization needs. Merging legacy and modern digital systems in industries demands significant resources and expertise. Meanwhile, a lack of certified workers and global semiconductor shortages limit component supply, in addition hampering growth despite increasing automation, sustainability, and infrastructure modernization.
Major trends that are supporting the growth of Europe Electrical Components Industry include:
Here are some investment opportunities in the Europe Electrical Components Market:
Here are some top companies listed:
| Company Name | Schneider Electric |
|---|---|
| Established Year | 1836 |
| Headquarters | Rueil-Malmaison, France |
| Official Website | Click Here |
Schneider Electric offers a comprehensive European portfolio covering building automation, power distribution, and industrial automation with strong digital integration capabilities to optimize energy management and operational efficiency.
| Company Name | Siemens AG |
|---|---|
| Established Year | 1847 |
| Headquarters | Munich, Germany |
| Official Website | Click Here |
Siemens leads in industrial automation, smart grid technologies, and renewable energy components, with advanced solutions in drives, measurement controls, and power distribution tailored for Europe’s energy transition.
| Company Name | Legrand SA |
|---|---|
| Established Year | 1904 |
| Headquarters | Limoges, France |
| Official Website | Click Here |
Legrand specializes in building automation products, datacom accessories, and safety equipment, focusing on energy-efficient electrical systems for residential and commercial applications across Europe.
| Company Name | ABB Ltd. |
|---|---|
| Established Year | 1988 |
| Headquarters | Zürich, Switzerland |
| Official Website | Click Here |
ABB is prominent in industrial automation, power distribution, and renewable energy sectors, offering robotics, drives, and HVAC components designed for enhanced energy efficiency and digital connectivity.
| Company Name | Prysmian Group |
|---|---|
| Established Year | 1879 |
| Headquarters | Milan, Italy |
| Official Website | Click Here |
Prysmian Group is a global leader in cables & wires, providing LV, MV, HV, and special cables for energy, industrial, and telecommunications sectors across Europe with a focus on innovation and sustainability.
European and national policy vigorously advocate for energy efficiency and the integration of renewable sources. The EU Energy Efficiency Directive and Ecodesign Regulations mandate minimum energy performance standards for electrical devices. The Clean Energy Package promotes intelligent grids and the digitalization of power infrastructure. Initiatives such as Germany's Energiewende and the UK's Smart Metering Implementation Programme facilitate extensive renewable energy deployment and enhancements in smart buildings, hence increasing the demand for compliant electrical components.
The outlook remains positive, driven by sustained investments in renewable energy infrastructure, energy-efficient buildings, and industrial automation. Growing regulatory demands on sustainability and digitization will drive faster adoption of smart electrical components. AI-powered automation and energy storage integration will increase system functionality and resilience. Rental and service offerings for electrical components are forecasted to expand, delivering adaptable solutions for end-users. The Europe Electrical Components Market Share is forecasted to achieve consistent revenue growth through 2031.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Guneet Kaur, Senior Research Analyst, 6Wresearch, the United Kingdom is emerging as the fastest-growing country in the European electrical components market, driven by aggressive renewable energy targets, smart infrastructure development, and increasing industrial automation initiatives across public and private sectors.
The security and wiring accessories segment is witnessing rapid growth due to the rising demand for smart surveillance, connected devices, and intelligent infrastructure in commercial and residential buildings, making it a key enabler of energy efficiency, operational safety, and automated building systems.
Special cables are the fastest-growing category, supported by their increasing deployment in renewable energy projects, industrial automation, and smart grids. These cables offer enhanced resistance, flexibility, and safety, which are crucial for mission-critical environments and high-performance applications across sectors.
Drives and motion controls are gaining momentum as industries across Europe focus on precision, productivity, and energy optimization. Their adoption in robotics, machinery, and automated manufacturing processes is expanding to meet growing demands for scalable and smart industrial operations.
LEDs continue to experience strong growth due to energy efficiency mandates, longer operational life, and low maintenance requirements. They are increasingly replacing conventional lighting in homes, commercial spaces, and public infrastructure, driving sustainable lighting practices across the region.
The enclosures and panels segment is expanding rapidly as industries and utilities invest in safer, modular, and efficient electrical distribution systems. Their importance in housing critical electrical components while ensuring operational safety is making them integral to modern power networks.
The renewable energy segment is growing fast due to Europe’s strong policy push toward carbon neutrality and sustainability. Increased installation of solar and wind systems has fueled demand for supporting electrical components, boosting investment in the segment across both urban and rural installations.
The safety equipment segment is seeing accelerated adoption across construction, manufacturing, and energy sectors. As regulatory compliance and workplace safety standards tighten, enterprises are investing in high-quality safety tools to protect workers and ensure uninterrupted operational efficiency.
The report provides a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Electrical Components Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Electrical Components Market Revenues & Volume, 2021 & 2031F |
| 3.3 Europe Electrical Components Market - Industry Life Cycle |
| 3.4 Europe Electrical Components Market - Porter's Five Forces |
| 3.5 Europe Electrical Components Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Europe Electrical Components Market Revenues & Volume Share, By Building Automation, 2021 & 2031F |
| 3.7 Europe Electrical Components Market Revenues & Volume Share, By Cables & Wires, 2021 & 2031F |
| 3.8 Europe Electrical Components Market Revenues & Volume Share, By Industrial Automation, 2021 & 2031F |
| 3.9 Europe Electrical Components Market Revenues & Volume Share, By Lighting, 2021 & 2031F |
| 3.10 Europe Electrical Components Market Revenues & Volume Share, By Power Distribution, 2021 & 2031F |
| 3.11 Europe Electrical Components Market Revenues & Volume Share, By Renewable Energies, 2021 & 2031F |
| 3.12 Europe Electrical Components Market Revenues & Volume Share, By Safety & Tools, 2021 & 2031F |
| 4 Europe Electrical Components Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Electrical Components Market Trends |
| 6 Europe Electrical Components Market, 2021 - 2031 |
| 6.1 Europe Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 6.2 Europe Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 6.3 Europe Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 6.4 Europe Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 6.5 Europe Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 6.6 Europe Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 6.7 Europe Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 7 Germany Electrical Components Market, 2021 - 2031 |
| 7.1 Germany Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 7.2 Germany Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 7.3 Germany Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 7.4 Germany Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 7.5 Germany Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 7.6 Germany Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 7.7 Germany Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 8 United Kingdom Electrical Components Market, 2021 - 2031 |
| 8.1 United Kingdom Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 8.2 United Kingdom Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 8.3 United Kingdom Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 8.4 United Kingdom Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 8.5 United Kingdom Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 8.6 United Kingdom Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 8.7 United Kingdom Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 9 France Electrical Components Market, 2021 - 2031 |
| 9.1 France Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 9.2 France Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 9.3 France Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 9.4 France Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 9.5 France Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 9.6 France Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 9.7 France Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 10 Italy Electrical Components Market, 2021 - 2031 |
| 10.1 Italy Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 10.2 Italy Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 10.3 Italy Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 10.4 Italy Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 10.5 Italy Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 10.6 Italy Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 10.7 Italy Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 11 Russia Electrical Components Market, 2021 - 2031 |
| 11.1 Russia Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 11.2 Russia Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 11.3 Russia Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 11.4 Russia Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 11.5 Russia Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 11.6 Russia Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 11.7 Russia Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 12 Spain Electrical Components Market, 2021 - 2031 |
| 12.1 Spain Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 12.2 Spain Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 12.3 Spain Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 12.4 Spain Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 12.5 Spain Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 12.6 Spain Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 12.7 Spain Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 13 Rest of Europe Electrical Components Market, 2021 - 2031 |
| 13.1 Rest of Europe Electrical Components Market, Revenues & Volume, By Building Automation, 2021 - 2031 |
| 13.2 Rest of Europe Electrical Components Market, Revenues & Volume, By Cables & Wires, 2021 - 2031 |
| 13.3 Rest of Europe Electrical Components Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
| 13.4 Rest of Europe Electrical Components Market, Revenues & Volume, By Lighting, 2021 - 2031 |
| 13.5 Rest of Europe Electrical Components Market, Revenues & Volume, By Power Distribution, 2021 - 2031 |
| 13.6 Rest of Europe Electrical Components Market, Revenues & Volume, By Renewable Energies, 2021 - 2031 |
| 13.7 Rest of Europe Electrical Components Market, Revenues & Volume, By Safety & Tools, 2021 - 2031 |
| 14 Europe Electrical Components Market Key Performance Indicators |
| 15 Europe Electrical Components Market - Opportunity Assessment |
| 15.1 Europe Electrical Components Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Europe Electrical Components Market Opportunity Assessment, By Building Automation, 2021 & 2031F |
| 15.3 Europe Electrical Components Market Opportunity Assessment, By Cables & Wires, 2021 & 2031F |
| 15.4 Europe Electrical Components Market Opportunity Assessment, By Industrial Automation, 2021 & 2031F |
| 15.5 Europe Electrical Components Market Opportunity Assessment, By Lighting, 2021 & 2031F |
| 15.6 Europe Electrical Components Market Opportunity Assessment, By Power Distribution, 2021 & 2031F |
| 15.7 Europe Electrical Components Market Opportunity Assessment, By Renewable Energies, 2021 & 2031F |
| 15.8 Europe Electrical Components Market Opportunity Assessment, By Safety & Tools, 2021 & 2031F |
| 16 Europe Electrical Components Market - Competitive Landscape |
| 16.1 Europe Electrical Components Market Revenue Share, By Companies, 2024 |
| 16.2 Europe Electrical Components Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |