Electrical Products Manufacturing Industry Profile

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Excerpt from Electrical Products Manufacturing Industry Profile

Companies 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, and the US, according to Investopedia.

The US electrical products manufacturing industry includes about 5,500 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: the top 50 companies account for about 50% of industry revenue. Some specific industries in the electrical products sector -- including batteries, appliances, and motors and generators -- are highly concentrated. The top 50 companies in each ...

 
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