New Manufacturing research report from IBISWorld is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 10/10/2012 -- Sparking interest: Increasing exports and recent legislation will benefit manufacturers
Electrical Equipment Manufacturing in the US
Since 2007, IBISWorld estimates that domestic sales have declined due to a fall in domestic demand for industry products and a loss of domestic market share to imports. Import penetration has risen in part due to the transfer of some production capacity from the United States to low-cost jurisdictions. Looking ahead, energy-related issues like the consumption of fossil fuels and the world's changing climate will drive demand for solutions that provide secure and energy-efficient electrical equipment along with the growing demand for electricity, higher electricity prices and aging electrical infrastructure.
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Firms in this industry primarily manufacture: power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; relays; and industrial controls. Electrical equipment manufacturers distribute their products to other manufacturing industries as well as to wholesalers and the construction industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Companies Mentioned in this Report: ABB Ltd., Eaton Corporation, General Electric Company
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