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Electrical Component Manufacturing in the US Industry Data and Analysis
Power conversion equipment manufacturers are benefiting from strengthening downstream demand. Rising industrial activity and higher electric power consumption are increasing demand for rectifiers, inverters, power supplies, transformers and UPS systems used to maintain power quality and uptime in commercial facilities and production environments. Trade dynamics are also having a large influence on competition and pricing. Imports are expanding faster than revenue and continue to satisfy almost three-quarters of domestic demand, giving buyers leverage to pressure prices and limiting domestic producers’ ability to fully pass through cost changes. At the same time, exports are growing and becoming a larger contributor to industry performance, increasing exposure to exchange-rate shifts and project cycles in key foreign markets. The trade-weighted index rises through most of the period, strengthening the US dollar and weighing on export competitiveness for domestic manufacturers. However, the index is expected to ease in 2026, modestly improving export conditions and reducing import-related pricing pressure.
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What's included in this industry analysis
IBISWorld's research coverage on the Electrical Component Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released March 2026.
About this industry
What's this industry report about?
The Electrical Component Manufacturing industry in the United States operates under the NAICS industry code 33599. Power conversion equipment manufacturers are companies that manufacture devices or systems that help transform electrical power from one form to another. Products offered include carbon and graphite products, laser systems, rectifiers, uninterruptible power supplies, extension and electrical equipment cords and capacitors. Customers served include manufacturers, businesses and households. Related terms covered in the Electrical Component Manufacturing industry in the United States include uninterruptible power supply (ups), alternator, graphite electrode, surge protector, rectifier, linear accelerator, research and development (r&d) and offshore.
What's included in this industry?
Products and services covered in Electrical Component Manufacturing industry in the United States include Miscellaneous electronic systems and equipment, Carbon and graphite products and Laser systems, equipment and supplies.
What companies are included in this industry?
Companies covered in the Electrical Component Manufacturing industry in the United States include Schneider Electric Se, Eaton Corporation Plc and Emerson Electric Co.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Electrical Component Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Electrical Component Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Electrical Component Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Electrical Component Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Electrical Component Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Electrical Component Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Electrical Component Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Electrical Component Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Electrical Component Manufacturing industry in the United States in 2026?
The market size of the Electrical Component Manufacturing industry in the United States is $27.4bn in 2026.
How many businesses are there in the Electrical Component Manufacturing industry in the United States in 2026?
There are 948 businesses in the Electrical Component Manufacturing industry in the United States, which has grown at a CAGR of 1.5 % between 2021 and 2026.
How may import tariffs affect the Electrical Component Manufacturing industry in the United States?
The Electrical Component Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Electrical Component Manufacturing industry in the United States?
The Electrical Component Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Electrical Component Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Electrical Component Manufacturing industry in the United States has been growing at a CAGR of 4.4 % between 2021 and 2026.
What is the forecast growth of the Electrical Component Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Electrical Component Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Electrical Component Manufacturing industry in the United States?
The biggest companies operating in the Electrical Component Manufacturing industry in the United States are Schneider Electric Se, Eaton Corporation Plc and Emerson Electric Co.
What does the Electrical Component Manufacturing industry in the United States include?
Manufacturing electronic systems and equipment and Manufacturing carbon electrodes and contacts are part of the Electrical Component Manufacturing industry in the United States.
Which companies have the highest market share in the Electrical Component Manufacturing industry in the United States?
The company holding the most market share in the Electrical Component Manufacturing industry in the United States is Schneider Electric Se.
How competitive is the Electrical Component Manufacturing industry in the United States?
The level of competition is moderate and steady in the Electrical Component Manufacturing industry in the United States.
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