Anticipated increases in federal investment in transmission infrastructure, acquisition activity and valuation trends and expected upgrades in infrastructure are anticipated to stimulate demand for electrical equipment manufacturing industry products over forecast period in North America.
North America Electrical Equipment Manufacturing Market 2024
The market for electrical equipment manufacturing in North America was USD 0.5 billion in 2016 and on the back of a rising manufacturing industry in the region, the market is expected to register a CAGR of 10.2% over the forecast period and reach a market size of USD 0.72 billion by 2024.
The U.S. Electrical & Power Equipment industry declined by around 21% in 2009 as the economic recession hampered industrial production and construction however; industry revenue is expected to increase by an annual average rate of 4.25% from 2010 through 2016, with restocking of electrical equipment spearheading improved domestic demand as economic conditions moderately improve.
Electrical Equipment Manufacturing Economy in US
External factors such as demand from building, developing and general contracting and trade-weighted index in the Electrical Equipment Manufacturing industry impact industry performance. A gradual but steady rebound manufacturing environment is anticipated to boost demand for energy management products across multitude of industries. Additionally, the build-out of enhanced telecommunication networks will continue to be a driver for power supply products, especially as demand for increased backup power regulation further enhances network upgrades.
"North America Electrical Equipment Manufacturing Market Report 2024” contains detailed overview of the North America electrical equipment manufacturing market in terms of market segmentation by equipment type and end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
North America electrical equipment manufacturing market report also provides competitive outlook for some of the major players which includes profiling of companies such as Samsung Electronics, Generic Electric, Panasonic Corporation, Philips, Siemens, Toshiba, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the North America electrical equipment manufacturing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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