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Electrical Equipment Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Electrical Equipment Manufacturing Market Research Report | NAICS 33531 | Feb 2017

Flickering light: Infrastructure upgrades will spur demand, though imports will dim growth

IBISWorld’s Electrical Equipment Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$39bn
Annual Growth 12-17
-1.5%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
112,905
Businesses
2,129
Industry Threats & Opportunities
  • Many domestic companies have offshored production operations to lower-wage countries
  • Surging import penetration is partially due to offshoring of production
  • Anticipated increases in federal investment in transmission infrastructure will boost industry demand
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the five years to 2016, the Electrical Equipment Manufacturing industry was forced to contend with increased international competition and the lingering effects of the sluggish economic recovery. Some of the largest consumers of this industry's products, including industries involved in nonresidential construction and manufacturing, saw mixed performance over the five-year period. Expected upgrades in infrastructure are anticipated to stimulate demand for industry products over the five years to 2021. Additionally, new construction activity and growth in the manufacturing sector will further increase demand for industry products. However, over the next five years, exports are expected to increase at a dismal rate... ... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Electrical Equipment Manufacturing industry is in the decline stage of its life cycle. This is characterized by the industry's shrinking share of the domestic market, decline in the number of operators and establishments and stable and clearly segmented product lines. Over the 10 years to 2022, industry value added, which measures an industry's contribution to GDP, is expected to decrease at an annualized rate of 0.5%. In comparison, GDP is expected to grow at an average annual rate of 2.0% over the same period. IVA growth lower than GDP growth typically indicates a declining industry.

The industry is contracting in large part due to imports satisfying a rising share of domestic demand. Imp.. ... purchase to read more

Additional Insights for the Electrical Equipment Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electrical Equipment Manufacturing 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 Trade-weighted index in the Electrical Equipment Manufacturing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Electrical Equipment Manufacturing 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
    Relays and industrial controlsSwitchesMotors and generatorsTransformers
     
    Industry Activities
    Manufacturing switchgearManufacturing switchboard apparatusManufacturing motors and generatorsManufacturing relaysManufacturing industrial controlsManufacturing 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
  • Trade-weighted index
  • Demand from building, developing and general contracting
  • Electric power consumption
  • Current Performance
  • Profit pressures and consolidation
  • International expansion
  • Investment trends
  • Chart: Revenue Growth
  • Industry Outlook
  • Federal investment
  • Downstream demand
  • International trade
  • Table: Electrical Equipment Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electrical Equipment Manufacturing 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
  • Switches
  • Motors and generators
  • Transformers
  • Relays and industrial controls
  • Chart: Electrical Equipment Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Wholesalers
  • Exports
  • Retailers
  • Utilities
  • Downstream manufacturers
  • Chart: Major Market Segmentation for the Electrical Equipment Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Electrical Equipment Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electrical Equipment Manufacturing Industry
  • Industry Globalization
    Major Companies
    Eaton Corporation plc
    General Electric Company
    Schneider Electric SA
  • Table: Eaton Corporation plc - financial performance
  • Table: General Electric Company - financial performance
  • Table: Schneider Electric SA - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electrical Equipment Manufacturing 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 Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-weighted index (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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