Charging upward: Growth in construction and manufacturing are increasing industry demand in Michigan

The Electrical Equipment Wholesaling industry supplies electrical equipment products, such as switches, relays, controls, wiring, lighting and other products, to companies in the construction; industrial and utility; and commercial, institutional and government markets. Demand in these downstream markets is driven by private investment in computers and software systems and private investment in manufacturing structures, both of which require electrical equipment to construct and operate. Compared to the industry at the national level, the industry in Michigan is more fragmented due to the presence of highly-localized operators who manage contracts with local suppliers and buyers. Over the five years to 2018, industry revenue is expected to grow at an annualized rate of 2.7% to $5.3.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
5,876
Businesses
362

Industry Threats & Opportunities

  • Greater levels of utilities construction will lead to greater demand for electrical equipment in the construction process

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    Industry Report - Industry Key Buyers Chapter

    The industry is highly fragmented in terms of market share. The four largest operators in Michigan generate 6.3% of industry revenue. At the national level, these same companies generate 15.5% of industry revenue.

    The comparatively sparse market share concentration at the state level can be attributed to the presence of highly-localized operators that conduct wholesaling activities through small contracts. At the national level, however, the brand recognition, economies of scale and breadth of products for large, national wholesalers enable them to accumulate greater market share concentration.

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    Additional Insights for the Electrical Equipment Wholesaling in Michigan Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electrical Equipment Wholesaling in Michigan Industry are

  • Ability to quickly adopt new technology
  • Having links with suppliers
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Michigan and Private investment in computers and software in the Electrical Equipment Wholesaling in Michigan industry impact industry performance..

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    What's in this report

    What is the Electrical Equipment Wholesaling in Michigan Industry?

    This industry includes operators primarily engaged in the wholesale distribution of electrical construction materials, wiring supplies, electric light fixtures, light bulbs, security systems and electrical power equipment for the generation, transmission, distribution or control of electric energy (e.g. switchboards, circuit breakers, switches and fuses). This industry does not wholesale electronic components.

    Industry Products
  • Wiring
  • Lighting
  • Relays and controls
  • Switches
  • Motors and generators
  • Power, distribution and specialty transformers
  • Industry Activities
  • Light fixture and light bulb wholesaling
  • Motor and generator (except motor vehicle) wholesaling
  • Relay and industrial control wholesaling
  • Cable or wire wholesaling
  • Security system wholesaling
  • Switchgear and switchboard wholesaling
  • Transformer (except electronic) wholesaling
  • Electrical transmission equipment wholesaling
  • Other electrical equipment wholesaling
  • Similar Industries
  • Computer & Packaged Software Wholesaling
  • TV & Appliance Wholesaling
  • Electronic Part & Equipment Wholesaling
  • Heating & Air Conditioning Wholesaling
  • Electrical Equipment Wholesaling in California
  • Electronic Part & Equipment Wholesaling in California
  • Electrical Equipment Wholesaling in New York
  • Electronic Part & Equipment Wholesaling in New York
  • Electrical Equipment Wholesaling in Illinois
  • Electronic Part & Equipment Wholesaling in Illinois
  • Electronic Part & Equipment Wholesaling in Texas
  • Electrical Equipment Wholesaling in Texas
  • Electrical Equipment Wholesaling in Florida
  • Electronic Part & Equipment Wholesaling in Florida
  • Electrical Equipment Wholesaling in Massachusetts
  • Electronic Part & Equipment Wholesaling in Massachusetts
  • Electronic Part & Equipment Wholesaling in Ohio
  • Electrical Equipment Wholesaling in Ohio
  • Electrical Equipment Wholesaling in Pennsylvania
  • Electronic Part & Equipment Wholesaling in Pennsylvania
  • Electrical Equipment Wholesaling in New Jersey
  • Electronic Part & Equipment Wholesaling in New Jersey
  • Electrical Equipment Wholesaling in Georgia
  • Electronic Part & Equipment Wholesaling in Georgia
  • Electronic Part & Equipment Wholesaling in Michigan
  • Electrical Equipment Wholesaling in Wisconsin
  • Electrical Equipment Wholesaling in Washington
  • Electrical Equipment Wholesaling in Virginia
  • Electrical Equipment Wholesaling in Tennessee
  • Electrical Equipment Wholesaling in Missouri
  • Electrical Equipment Wholesaling in North Carolina
  • Electrical Equipment Wholesaling in Minnesota
  • Electrical Equipment Wholesaling in Maryland
  • Electrical Equipment Wholesaling in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Michigan
  • Private investment in computers and software
  • Electric power consumption
  • Private investment in manufacturing structures

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electrical Equipment Wholesaling in Michigan Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electric Power Transmission
  • Electricians
  • Major Household Appliance Manufacturing
  • Automobile Electronics Manufacturing
  • Lumber & Building Material Stores

  • Key Selling Industries
  • Battery Manufacturing
  • Electrical Equipment Manufacturing
  • Lighting & Bulb Manufacturing
  • Power Conversion Equipment Manufacturing
  • Wire & Cable Manufacturing
  • Wiring Device Manufacturing

  • Products & Services
  • Switches
  • Other
  • Relays and controls
  • Wiring
  • Lighting
  • Power, distribution and specialty transformers
  • Motors and generators
  • Chart: Electrical Equipment Wholesaling in Michigan Industry Products and Services Segmentation

  • Major Markets
  • Construction
  • Industrial & utility
  • Commercial
  • Chart: Major Market Segmentation for the Electrical Equipment Wholesaling in Michigan Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Electrical Equipment Wholesaling in Michigan

  • Basis of Competition
    Barriers to Entry
    Anixter Inc., Consolidated Electrical Distributors Inc., Sonepar SA, Wesco International Inc.,
  • Table: Anixter Inc. - financial performance
  • Table: Consolidated Electrical Distributors Inc. - financial performance
  • Table: Sonepar SA - financial performance
  • Table: Wesco International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electrical Equipment Wholesaling in Michigan Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electrical Equipment Wholesaling in Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • US Electricity Consumption - Retail Sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    E-Commerce
  • The buying and selling of products or services over the internet. Businesses engaged in e-commerce are often called e-tailers.
  • Industrial Control
  • Systems that control industrial production and distribution.
  • Relay
  • An electromechanical or solid-state device operated by variations in the input which, in turn, operate or control other devices connected to the output.
  • Switchboard
  • A panel containing buttons for connecting and disconnecting telephone or electrical circuits.
  • Switchgear
  • The aggregate of switching devices for a power or transforming station, or for an electric motor.
  • Transformer
  • An electrical device by which alternating current of one voltage is changed to another voltage.
  • What Our Customers Say

    Why buy this report?

    The Electrical Equipment Wholesaling in Michigan Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
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    • Identify threats and opportunities
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    This report on Electrical Equipment Wholesaling in Michigan:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electrical Equipment Wholesaling in Michigan market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electrical Equipment Wholesaling in Michigan, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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