Power Conversion Equipment Manufacturing in the US - Industry Market Research Report

Power Conversion Equipment Manufacturing in the US - Industry Market Research Report

  • October 2020 •
  • 53 pages •
  • Report ID: 862747 •
  • Format: PDF
Power up: Growing downstream demand from construction will likely support industry revenue growth

Abstract

Power Conversion Equipment Manufacturing in the US
The Power Conversion Equipment Manufacturing industry has experienced volatility over the five years to 2019 due to high fluctuation rates among downstream markets. The industry has also experienced extreme competition from imports during the five-year period, specifically from countries where low labor costs make industry products more affordable, such as China and Mexico. Strong demand from residential construction and rising sales of consumer electronics have translated to rising demand for a range of industry products. As the economy has grown, renewed activity in downstream industries has resulted in greater demand for power conversion equipment and electrical systems. Over the five years to 2024, IBISWorld expects industry revenue to increase. Growing downstream demand from construction and healthy export markets will support solid industry performance during the five-year period.

The Power Conversion Equipment Manufacturing industry comprises operators that manufacture carbon and graphite products, laser systems and electrical power conversion equipment. Products excluded from this industry include electric lighting equipment, household-type appliances, transformers, motors, generators, switchgear, relays, industrial controls, batteries and communication, energy and cable-wiring devices.

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.
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