Electrical Apparatus Market Size, Share 2024

The United States Electrical Apparatus market size was valued at US$ 52.3 billion in 2024 and is projected to reach US$ 68.7 billion by 2030, at a CAGR of 4.7% during the forecast period 2024-2030.

Electrical Apparatus encompasses a wide range of devices and equipment used to control, distribute, and manage electrical power in various applications, including switchgear, transformers, and control panels.

The US Electrical Apparatus market is growing steadily, driven by grid modernization efforts, increasing electrification across industries, and the integration of smart technologies. In 2023, total market revenue reached $50.1 billion, with industrial applications accounting for 45% of market value. The market saw a 15% increase in demand for smart switchgear in 2023, offering advanced monitoring and control capabilities. Use of solid-state transformers is growing at 22% annually, albeit from a small base. The market is witnessing a trend towards IoT-enabled electrical apparatus, with a 28% year-over-year increase in sales of connected devices for predictive maintenance. Adoption of medium voltage DC systems for data centers and renewable energy integration grew by 35% in 2023. Key manufacturers are focusing on developing eco-friendly electrical apparatus, with a 40% increase in product launches featuring SF6-free switchgear. The industry is also seeing increased investment in cybersecurity for critical electrical infrastructure, with a 50% rise in spending on secure communication protocols and intrusion detection systems for smart grid applications.

This report contains market size and forecasts of Electrical Apparatus in United States, including the following market information:

•    United States Electrical Apparatus Market Revenue, 2019-2024, 2024-2030, ($ millions)

•    United States Electrical Apparatus Market Sales, 2019-2024, 2024-2030,

•    United States Top five Electrical Apparatus companies in 2023 (%)

Report Includes

This report presents an overview of United States market for Electrical Apparatus , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Electrical Apparatus sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Electrical Apparatus market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Generator

•    Transformer

•    Power Line

•    Circuit Breaker

•    Other

Segment by Applications

•    Electronics Industry

•    Construction Industry

•    Automobile Industry

•    Other

Key Companies covered in this report:

•    General Electric

•    Siemens USA

•    Schneider Electric USA

•    ABB Inc.

•    Eaton Corporation

•    Emerson Electric Co.

•    Honeywell International Inc.

•    Rockwell Automation

•    Mitsubishi Electric US, Inc.

•    Johnson Controls

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Electrical Apparatus revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)

•    Key companies Electrical Apparatus revenues share in United Statesn market, 2023 (%)

•    Key companies Electrical Apparatus sales in United Statesn market, 2019-2024 (Estimated),

•    Key companies Electrical Apparatus sales share in United Statesn market, 2023 (%)

Key Indicators Analysed

•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

•    United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

•    Opportunities and Drivers: Identifying the Growing Demands and New Technology

•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:

•    Industry drivers, restraints, and opportunities covered in the study

•    Neutral perspective on the market performance

•    Recent industry trends and developments

•    Competitive landscape & strategies of key players

•    Potential & niche segments and regions exhibiting promising growth covered

•    Historical, current, and projected market size, in terms of value

•    In-depth analysis of the Electrical Apparatus Market

•    Overview of the regional outlook of the Electrical Apparatus Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

•    This enables you to anticipate market changes to remain ahead of your competitors

•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents

•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

•    Provision of market value (USD Billion) data for each segment and sub-segment

•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

•    Provides insight into the market through Value Chain

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    6-month post-sales analyst support

We offer additional regional and global reports that are similar:

•    Global Electrical Apparatus Market 

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•    Japan Electrical Apparatus Market 

•    Germany Electrical Apparatus Market 

•    South Korea Electrical Apparatus Market 

•    Indonesia Electrical Apparatus Market 

•    Brazil Electrical Apparatus Market

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