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

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...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
3,457
Businesses
105
What Our Customers Say

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
  • Industry Report - Industry Investment Chapter

    The Electrical Equipment Manufacturing industry in New York has a low level of capital investment. For every $1.00 spent on wages, industry operators spend an estimated $0.11 on capital investment. This figure is indicative of companies consolidating plants and equipment and offshoring many capital-intensive activities to lower costs and better compete. Moreover, labor costs are high in this industry relative to other manufacturing industries, indicating a reliance on skilled labor that contributes to increasing average wage costs...purchase to read more.

    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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    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
  • Switchgear
  • Motors and generators
  • Transformers
  • 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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

  • 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

  • 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
    Table: Industry Data for the Electrical Equipment Manufacturing in New York Industry
    Includes:
  • 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
    Brownout
  • 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?

    The Electrical Equipment Manufacturing in New York 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:
    • 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 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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