Wiring Device Manufacturing in the US - Industry Market Research Report

Wiring Device Manufacturing in the US - Industry Market Research Report

  • March 2021 •
  • 53 pages •
  • Report ID: 90349 •
  • Format: PDF
Mixed signals: Growth in building activity and spending on electrical equipment is projected to reverse revenue trends

Abstract

Wiring Device Manufacturing in the US
The Wiring Device Manufacturing industry has exhibited moderately volatile revenue over the five years to 2019; however, revenue has stagnated overall. Industry performance is tied to downstream industrial and construction activity, which has demonstrated large fluctuations. As residential construction activity increased sharply during the first half of the five-year period, industry revenue followed. However, while downstream markets have improved, low commodity prices have pulled down industry prices and impeded industrial demand. Continued growth in building activity and increased spending on efficient, secure and safe electrical equipment are projected to reverse revenue trends over the five years to 2024. As supply tightens and demand grows for commodities such as oil and copper, their prices are expected to increase. This trend is expected to increase selling prices for industry operators. Moreover, an expected increase in industry exports over the five years to 2024 is anticipated to support industry revenue during the outlook period.

Companies in this industry manufacture current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits. These include products such as outlet and switch electrical wiring boxes, electrical insulators, transmission pole and line hardware, electrical metallic tubes, switches, conductor connectors, electric sockets, plugs and electric cords.

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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