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Wiring Device Manufacturing in the US - Industry Market Research Report

  • ID: 239491
  • Report
  • March 2021
  • Region: United States
  • 53 Pages
  • IBISWorld
Mixed Signals: Growth in Building Activity and Spending on Electrical Equipment is Projected to Reverse Revenue Trends

FEATURED COMPANIES

  • Hubbell Inc.
  • TE Connectivity Ltd.
  • MORE

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Hubbell Inc.
  • TE Connectivity Ltd.
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
  • TE Connectivity Ltd.
  • Hubbell Inc.
Note: Product cover images may vary from those shown

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