Wiring Device Manufacturing in the US - Industry Market Research Report
- May 2017 •
- 40 pages •
- Report ID: 90349
Wiring Device Manufacturing in the US
The Wiring Device Manufacturing industry is expected to exhibit strong growth during the current period, recovering from lingering recessionary effects. When construction activity increased sharply in 2012, industry revenue mirrored this shift. This construction rebound resulted from accelerated growth in employment and consumer spending, stimulating demand throughout the economy. During the current period, industry players increased sales of more efficient and advanced products. This change limits downward product price trends stemming from falling material prices. Operators are trending towards consolidation and efficiency.
Continued growth in building activity and increased spending on efficient, secure and safe electrical equipment are projected to maintain domestic demand growth for wiring devices over the five years to 2022. However, an expected decline in exports, combined with an increase in imports will temper wiring device revenue during the period. As foreign producers take advantage of cost structure efficiencies, US operators become less competitive abroad and a larger portion of domestic demand is met by imports.
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.