Flickering light: Rising competition will drive operators to consolidate and cut costs

IBISWorld’s Electrical Equipment Manufacturing in New York Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.


Industry Threats & Opportunities

  • Gains in industrial production and overall business activity have spurred demand for electrical equipment
  • Increases in US dollar value relative to the currencies of US trading partners has weakened demand from foreign markets
  • Demand for electrical equipment is forecast to continue to strengthen over the next five years

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    Industry Analysis & Industry Trends

    Over the five years to 2017, industry revenue has grown slowly. This growth is primarily the result of rising industrial production and overall business activity as gains in industrial production and overall business activity have spurred stronger demand for electrical equipment, which has positively influenced revenue growth. This trend is forecast to continue over the five years to 2022. However, despite revenue growth moving forward, the industry's highly competitive nature has spurred significant consolidation and cost-cutting measures...

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    Industry Report - Industry Products Chapter

    Relays and industrial controls

    Relays and industrial controls represent the largest product segment for electrical equipment manufacturers in New York, accounting for an estimated 54.0% of industry revenue in 2017. Relays are switches used to open or close a circuit, with industrial controls being larger and more complex pieces of equipment that incorporate switches. Common applications for relays and industrial controls include automating temperature in heating, ventilation and air conditioning (HVAC) systems, as well as automating doors. Over the past five years, this product segment's share of industry revenue has increased due to moderate growth in industrial production activity.


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    Additional Insights for the Electrical Equipment Manufacturing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electrical Equipment Manufacturing in New York 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 Industrial production index and Number of Businesses in New York in the Electrical Equipment Manufacturing in New York industry impact industry performance..

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    Industry Products

    What is the Electrical Equipment Manufacturing in New York 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
    Motors and generators
    Relays and industrial controls
    Industry Activities
    Manufacturing switchgear
    Manufacturing switchboard apparatus
    Manufacturing electric motors and generators
    Manufacturing relays
    Manufacturing industrial controls
    Manufacturing power, distribution and specialty transformers

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Number of Businesses in New York
  • Trade-weighted index
  • Electric power consumption

  • Current Performance
  • Rising demand
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased demand and industrial activity
  • Dollar value changes spur growth
  • Cost cutting and consolidation
  • Table: Electrical Equipment Manufacturing in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electrical Equipment Manufacturing in New York Industry Lifecycle vs The Economy

  • Products & Markets
    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
  • Relays and industrial controls
  • Motors and generators
  • Switchgear
  • Transformers
  • Chart: Electrical Equipment Manufacturing in New York Industry Products and Services Segmentation

  • Major Markets
  • Wholesalers and retailers
  • Exports
  • Industrial operators
  • Chart: Major Market Segmentation for the Electrical Equipment Manufacturing in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Electrical Equipment Manufacturing in New York

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electrical Equipment Manufacturing in New York Industry

  • Major Companies
    Endicott Coil Company Inc.JAGG Electrical & ControlNiagara Transformer Corp.Twinco Manufacturing Company Inc.
  • Table: Endicott Coil Company Inc. - financial performance
  • Table: JAGG Electrical & Control - financial performance
  • Table: Niagara Transformer Corp. - financial performance
  • Table: Twinco Manufacturing Company Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electrical Equipment Manufacturing in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Electrical Equipment Manufacturing in New York Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Industrial Production Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • An intentional drop in voltage to prevent a blackout.
  • Generator
  • An engine that converts mechanical energy into electrical energy by electromagnetic induction.
  • 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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Electrical Equipment Manufacturing in New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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