Electric slide: Low government expenditure and housing starts will limit growth

The Electrical Equipment Manufacturing industry in Minnesota primarily produces motors and generators for electrical applications. Operators may also manufacture power, distribution and specialty transformers and other products used in electricity generation and transmission. Over the five years to 2018, industry revenue has fallen at an annualized rate of 2.3% to total $2.2 billion, although revenue is expected to increase 1.0% increase in 2018. Manufacturing gross domestic product (GDP) growth in Minnesota has historically been strong; however, growth has been more subdued in recent years, negatively affecting the industry.

Electrical equipment is a primary input in many residential and nonresidential buildings and structures.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-2.3%
Forecast Growth 18-23
Profit
Employment
4,893
Businesses
64

Industry Threats & Opportunities

  • Much of the industry’s performance is contingent upon demand from downstream manufacturing, utilities and construction

  • info_outlineinquire now

    Additional Insights for the Electrical Equipment Manufacturing in Minnesota Industry

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

  • Business expertise of operators
  • Adoption of latest available and most efficient technology and techniques
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Local and state government expenditure in Minnesota and Consumer Price Index in Minnesota in the Electrical Equipment Manufacturing in Minnesota industry impact industry performance..

    info_outlineinquire now

    What's in this report

    What is the Electrical Equipment Manufacturing in Minnesota Industry?

    This industry manufactures power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; relays; and industrial controls. Electrical equipment manufacturers sell their products to other manufacturing industries, wholesalers and the construction sector.

    Industry Products
  • Power, distribution, and specialty transformer manufacturing
  • Motor and generator manufacturing
  • Switchgear and switchboard apparatus manufacturing
  • Relay and industrial control manufacturing
  • Industry Activities
  • Manufacturing switchgear
  • Manufacturing switchboard apparatus
  • Manufacturing motors and generators
  • Manufacturing relays
  • Manufacturing industrial controls
  • Manufacturing power, distribution and specialty transformers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Local and state government expenditure in Minnesota
  • Consumer Price Index in Minnesota
  • Manufacturing GDP for Minnesota
  • Value of nonresidential construction in Minnesota

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

  • Supply Chains
    Key Buying Industries
  • Heavy Engineering Construction
  • Construction Machinery Manufacturing
  • Semiconductor Machinery Manufacturing
  • Printing, Paper, Food, Textile & Other Machinery Manufacturing
  • Engine & Turbine Manufacturing
  • Wind Turbine Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Electronic Part & Equipment Wholesaling

  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Metal Wholesaling
  • Metalworking Machinery Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Wire & Spring Manufacturing

  • Products & Services
  • Motor and generator manufacturing
  • Relay and industrial control manufacturing
  • Switchgear and switchboard apparatus manufacturing
  • Power, distribution, and specialty transformer manufacturing
  • Chart: Electrical Equipment Manufacturing in Minnesota Industry Products and Services Segmentation

  • Major Markets
  • Other
  • Construction
  • Manufacturers
  • Utilities
  • Businesses
  • Chart: Major Market Segmentation for the Electrical Equipment Manufacturing in Minnesota 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 Manufacturing in Minnesota

  • Basis of Competition
    Barriers to Entry
    American Midwest Power, Control Assemblies, Design Ready Controls, Kato Engineering,
  • Table: American Midwest Power - financial performance
  • Table: Control Assemblies - financial performance
  • Table: Design Ready Controls - financial performance
  • Table: Kato Engineering - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electrical Equipment Manufacturing in Minnesota 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 Manufacturing in Minnesota Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Electric power consumption (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brownout
  • An intentional drop in voltage to prevent a blackout.
  • Generator
  • An engine that converts mechanical energy into electrical energy by electromagnetic induction.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Relay
  • An electrical device in which current flowing through one circuit can switch a current in a second circuit on and off.
  • Switchgear
  • An electrical apparatus used to open and close circuits; may also include devices that provide protection for apparatus connected to an electrical supply.
  • Transformer
  • An electrical device by which alternating current of one voltage is changed to another voltage.
  • Uninterruptible Power Supply (Ups)
  • An electrical apparatus that provides emergency power to a load when the input power source, typically the utility mains, fails.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Electrical Equipment Manufacturing in Minnesota can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electrical Equipment Manufacturing in Minnesota:
    • 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 Manufacturing in Minnesota 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 Manufacturing in Minnesota, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear