The World's Largest Electrical Equipment Manufacturers
DOI:
https://doi.org/10.31150/ajshr.v6i6.3714Keywords:
Electrical equipment, microelectronics, import substitution, industrial policy, Russia, digital economy, manufacturing innovation, global manufacturers, market forecast, localization strategy.Abstract
The global electrical equipment and microelectronics industries are evolving rapidly due to the digitalization of economies, increasing energy demands, and strategic industrial modernization across developed and emerging markets. Major international corporations such as ABB, Schneider Electric, Siemens, and Panasonic are driving innovation through high-performance products and smart technologies. Simultaneously, the Russian microelectronics sector is witnessing accelerated development underpinned by localization strategies, import substitution policies, and state support for production expansion. While much is known about the output and innovation of global manufacturers, limited attention has been given to the comparative analysis of Russian microelectronics growth trends against global benchmarks and the strategic transition toward production localization. This article aims to analyze leading global electrical equipment manufacturers and assess the medium-term development forecast of Russia’s microelectronics market through 2030. The research shows that Russia’s microelectronics market is projected to grow 2.7 times, from 289 billion rubles in 2023 to 780 billion rubles by 2030, with the domestic production share rising from 20% to 45%. Growth is driven by increased industrial demand, state investments, and strategic import substitution. The article uniquely synthesizes international manufacturing insights with detailed projections for Russia, offering a dual perspective on global innovation and regional industrial self-reliance. These findings inform policymakers and investors about the strategic opportunities for reinforcing domestic technological capacity, enhancing global competitiveness, and aligning Russia’s industrial policy with international standards.
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