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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024 North America Electrical Equipment Manufacturing Market The electrical equipment manufacturing sector comprises of companies manufacturing products and equipment that aid in the generation and distribution of electricity, and equipment that use electricity. The electrical equipment manufacturing market in North America has shown moderate growth in recent years, owing to slow revival of economic activity. The West Coast dockworker slowdown in the US continues to have lingering impact on the manufacturing industry in the country. Huge inventory buildups and declining shipment rates in the country further contributed to the slow growth rate of the manufacturing sector. As per the US Bureau of Economic Analysis, the manufacturing sector contributes 12% to the GDP of the country, and computer and electronic products accounted for 12.4% of the manufacturing sector’s GDP, making it the second largest segment of manufacturing by size. Electrical equipments, appliances and components reported USD 55.5 billion value added in 2016. Computer and Electronic manufacturing revenues in Canada increased 3.1% from USD 2.4 Billion 2013 to USD 2.7 Billion in 2014, while value added increased 6.5% at the same time, as per Canadian Government data. Since both U.S and Canada are developed countries, they drive greater shares of their GDP from services rather than manufacturing. Offshore outsourcing to Asian countries has also been a trend since a considerable amount of time. The past couple of decades witnessed a massive reduction of manufacturing jobs in the US, and also a fall in wages. Technological development and innovation continues to take place in North America, while mass production has shifted to regions with rising industrialization and cheap labor. A rising trend is the use of LED lights in various electrical equipment due to their low power consumption and cost effectiveness.
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024 Market Segmentation
By Type of Equipment
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• Household Appliances • Lighting Equipment • Wiring and Cables • Batteries • Power Generation Equipment • Transmission and Control Equipment By End User • Commercial Users • Residential/ Domestic Users
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024 Market Size and Forecast (2016-2024) The market for electrical equipment manufacturing industry in North America was valued at USD 0.5 billion in 2016. On the back of a rising manufacturing industry in the region, the market is expected to register a CAGR of 10.2% during the forecast period and reach a market size of USD 0.72 billion by 2024. Manufacturing of power generation, transmission and control equipment occupies the largest market share in terms of revenue, followed by household appliances. This can be attributed to the large scale application and usage of the generation and transmission devices. The United States occupies a larger market share than Canada in terms of revenue. This can be attributed to its robust manufacturing sector, which has the highest multiplier effect among all industries in the country.
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024 Sample Request
Market Segmentation North America Electrical Equipment Manufacturing Industry is segmented as follows: •
By Type of Equipment (Market Size, Demand Analysis and Growth Analysis)
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By End-User (Market Size, Demand Analysis and Growth Analysis)
By Country • • • • • •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis} Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis} Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis} Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis} Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis} Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024 Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Request for TOC @ https://www.goldsteinresearch.com/toc-request/north-america-electrical-equipment-manufacturing-m arket-analysis Published By: Goldstein Research
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting firm and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024
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North America Electrical Equipment Manufacturing Market , Trends, Share, Growth Drivers, Industry Analysis & Forecast 2016-2024
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