Switch, Connector & Other Wiring Device Manufacturing
Companies in this industry make current-carrying electrical wiring devices, including bus bars, switches, connectors, and electrical receptacles (outlets) and plugs. Major companies include US-based Honeywell, Hubbell, and Leviton Manufacturing, as well as ABB (Switzerland), Eaton (Ireland), Panasonic subsidiary Anchor Electricals (India), Legrand and Schneider (both based in France), and SMK Corporation (Japan).
The global wiring device manufacturing industry is expected to reach about $90 billion by 2031, according to Persistence Market Research. Wiring devices have gained popularity across various sectors due to the rise of intelligent automation, data visualization, advanced analytics, and enhanced user experience.
The US current-carrying electrical wiring device manufacturing industry includes about 400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $8 billion. The industry does not include the manufacture of electrical wires and cables.
Competitive Landscape
Demand is driven by both residential and nonresidential construction spending. The profitability of individual companies depends on manufacturing efficiency and effective distribution. Large companies have advantages in economies of scale in purchasing, production, and distribution. Small companies can compete by offering niche products. The US industry is highly concentrated: the 50 largest companies account for over 80% of industry revenue.
Imports, primarily from China, Mexico, Japan, and Germany, account for about 80% of the market. Also, about 80% of US production is exported, with the bulk of shipments going to Mexico.
Products, Operations & Technology
Major products include current-carrying wiring devices, which account for about 40% of the industry revenue. Other products include current-carrying switches
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