Electrical Products Manufacturing Industry Profile

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Excerpt from Electrical Products Manufacturing Industry Profile

ompanies in this industry manufacture electrical equipment, appliances, and electrical components. Major companies include Energizer Holdings, GE, Hubbell, Rockwell Automation, and Whirlpool (all based in US), as well as Legrand (France), LG Electronics (South Korea), Mitsubishi Electric (Japan), Signify (the Netherlands), Prysmian (Italy), and Siemens (Germany).

Top countries for electrical products manufacture include China, Hong Kong, the US, South Korea, Germany, and Taiwan. Electrical product production and demand have traditionally come from established markets in North America, Europe, and Asia-Pacific, but industrialization and urbanization in emerging markets are creating new electrical product market opportunities, as well as competitive pressures.

The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion.

Key components of the electrical products manufacturing industry are also addressed in the following industry profiles: Battery Manufacturing; Household Appliance Manufacturing; Industrial Control Products Manufacturing; Lighting Equipment Manufacturing; Motor & Generator Manufacturing; and Switch, Connector & Other Wiring Device Manufacturing.

COMPETITIVE LANDSCAPE

Due to product diversity, demand is driven by a number of factors, including consumer income, construction spending, and industrial production. The profitability of individual companies depends on efficient operations, technological expertise, and effective marketing. Large companies have economies of scale in purchasing, production, marketing, and distribution. Small companies can compete by offering niche or specialty products, and through superior customer service. Overall, the industry is concentrated: ...

 
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