Electrical Engineering Market Insights, Growth Forecast to 2025

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Electrical Engineering Market Insights, Growth
Forecast to 2025
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• Electrical engineering is one such branch of this
  magical world that is gaining immense popularity
  nowadays. According to the data presented by the
  Bureau of Labour Statistics, by the year 2029,
  there is a projected increase of 3 in employment
  opportunities in the arena of electrical
  engineering. This data reflects the growing
  contribution of electrical engineering in the
  engineering world.

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• Electrical engineering is the branch of
  engineering associated with activities related to
  three broad categories electronics, electricity,
  and electromagnetism. The following points will
  give the electrical engineering market insights -

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Increasing demand for sustainable resources

• In an era where demand for sustainable resources
  will be increasing over time, electrical
  engineers play even a greater role. Electrical
  engineers will fulfill the goal of sustainability
  in the near future by modifying the existing or
  creating new renewable sources of energy or
  sources of electricity.

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Increasing urbanization

• By 2025, urbanization levels of the country are
  likely to increase. With an increase in the
  country's urban population, the requirements for
  electricity and related consumer products are
  likely to increase. This calls for an optimized
  plan which could be implemented only by
  electrical engineers. Thus, in the near future,
  the scope of jobs in electrical engineering is
  likely to increase.

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Internet of Things

• The advancement of technology has led to the
  adoption of very advanced technology like the
  Internet of things (IoT). In the future, this
  practice is likely to gain momentum. It is like a
  revolution in the field of electrical engineering
  and has impacted all kinds of technological
  devices. It refers to a network of physical
  objects which are connected through sensors,
  software to connect and exchange data with
  devices and systems over the internet. Adopting
  this practice is likely to supplement the
  Electrical service market as electronic
  components hold major importance in this aspect.

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Automation in industries

• Hi-tech industries are actively seeking
  automation in every activity they perform. Over
  the advent of time, advancements in industries
  would be a need of the hour. So, automated
  functions in an industry would be carried out by
  the machines that need electricity, which is an
  area of electrical engineers' expertise. So, it
  is very likely that electrical engineers' demands
  are likely to increase in the future.

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• Increase in automotive consumption
• Automotive industries are already a big consumer
  of electrical and related products, as many
  electrical components are essential in the car.
  In the future, due to declining petroleum
  reserves, the automotive industry might see a
  huge revolution. Petrol or diesel cars may be
  transited to electric cars. Thus, electrical
  engineers will be of immense importance in this
  field.

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Advancement in health technology

• Initiatives are regularly made to advance the
  health care system of the country. With technical
  and medical innovations, the medical field is
  undergoing a huge change and will be undergoing a
  lot of transformation in the near future. All the
  advanced components of this healthcare contain
  several electrical components as they are usually
  electricity-based and thus increasing the demand
  for electrical engineers.

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• Considering the growth insights, electrical
  engineering can be deemed to be a very promising
  career with the advent of time. But a promising
  career could only be made by an exceptional
  institution. A good institution holds power to
  shape the future of a child. Leading the lists of
  elite institutions, MIT AOE is the finest school
  of design. Known for its practical exposure and
  opportunities, MIT AOE is the prime choice for
  students who are looking for an institution that
  can mentor them to achieve great heights of
  success in their life.

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Conclusion

• Maharashtra Institute of Technology (MIT) is the
  first private Engineering Institute to be
  established in the city of Pune, Maharashtra. It
  is one of the premier institutes for Indian and
  international students offering Undergraduate and
  Postgraduate courses in Engineering, Management,
  Medicine, Pharmacy, Design, and so on.
• MIT Academy of Engineering (MITAOE), Alandi,
  Pune, was established in 1999 under MAEER by the
  honorable Prof. Dr. Vishwanath D. Karad, Founder
  and Executive President of MIT Group..

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• THANK YOU