First Research US Industry Profile

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Electrical Products Manufacturing
SIC Codes: 363 , 364
NAICS Codes: 335
Last Quarterly Update: 6/13/2022
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 of these industries account for about 90% or more of industry revenue.
Electrical product imports, primarily comes from China, Mexico, Japan, Canada, and Germany. Imports account for about 5% of the US market. Exports account for less than 5% of US production. Chief US export markets include Mexico, Canada, China, and Japan.
Products, Operations & Technology
Major products include switchgears, commercial and institutional-type electric lighting fixtures, and general-purpose industrial controls, which all account ... plus:
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

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