GITNUXREPORT 2026

Electrical Equipment Industry Statistics

The global electrical equipment industry is growing steadily, driven by demand for renewable energy integration.

Jannik Lindner

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: Feb 13, 2026

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Statistic 1

U.S. electrical equipment manufacturing employed 402,000 workers in 2022, with average hourly earnings of $28.50.

Statistic 2

Global electrical equipment industry workforce exceeded 12 million in 2023, with Asia holding 65%.

Statistic 3

China employed 4.5 million in electrical equipment manufacturing in 2022.

Statistic 4

U.S. NAICS 335 sector saw 15,000 job losses in 2023 due to automation.

Statistic 5

Germany electrical equipment firms employed 850,000 workers in 2022, 28% engineers.

Statistic 6

India had 2.1 million direct jobs in electrical equipment sector in FY2023.

Statistic 7

EU-27 electrical equipment employment totaled 1.8 million in 2022, down 2% YoY.

Statistic 8

Japan employed 700,000 in electrical machinery in FY2022.

Statistic 9

Brazil electrical equipment industry workforce was 450,000 in 2023.

Statistic 10

South Korea had 650,000 jobs in electrical equipment manufacturing in 2023.

Statistic 11

Mexico employed 800,000 in NAICS-equivalent electrical sector in 2022.

Statistic 12

U.S. women comprised 28% of electrical equipment manufacturing workforce in 2023.

Statistic 13

Italy's electrical equipment employment reached 350,000 in 2022.

Statistic 14

Australia had 55,000 workers in electrical equipment manufacturing in 2022.

Statistic 15

Canada's electrical product manufacturing employed 90,000 in 2022.

Statistic 16

Russia employed 400,000 in electrical equipment in 2022.

Statistic 17

Vietnam's sector workforce grew to 1.2 million in 2023.

Statistic 18

UK electrical equipment manufacturing jobs totaled 120,000 in 2023.

Statistic 19

Indonesia employed 750,000 in electrical goods manufacturing in 2022.

Statistic 20

France had 250,000 electrical equipment workers in 2022.

Statistic 21

U.S. average annual wage in electrical equipment mfg. was $65,200 in 2023.

Statistic 22

Global electrical equipment exports totaled $850 billion in 2023, led by China at 30% share.

Statistic 23

U.S. exported $28.5 billion in electrical equipment in 2022.

Statistic 24

Germany exported €120 billion worth of electrical equipment in 2023.

Statistic 25

China imported $150 billion in electrical components in 2022.

Statistic 26

India's electrical equipment exports grew 15% to $12 billion in FY2023.

Statistic 27

Japan electrical machinery exports reached $180 billion in 2023.

Statistic 28

Mexico imported $45 billion in electrical equipment in 2022.

Statistic 29

South Korea exported $95 billion in electrical equipment in 2023.

Statistic 30

EU imported $300 billion in electrical goods from non-EU countries in 2022.

Statistic 31

Brazil exported $8 billion in electrical equipment in 2023.

Statistic 32

U.S. imports of electrical machinery hit $450 billion in 2023.

Statistic 33

Vietnam exported $120 billion in electrical products in 2023.

Statistic 34

Italy exported €25 billion in electrical equipment in 2022.

Statistic 35

Canada imported $35 billion from U.S. electrical equipment in 2022.

Statistic 36

Russia exported $10 billion in electrical equipment pre-2022 sanctions.

Statistic 37

Australia imported $20 billion in electrical machinery in 2023.

Statistic 38

Turkey exported $7.5 billion in electrical equipment in 2023.

Statistic 39

Indonesia imported $25 billion in electrical components in 2022.

Statistic 40

France exported €18 billion in electrical equipment in 2023.

Statistic 41

Global top 10 exporters held 70% of $850 billion electrical equipment trade in 2023.

Statistic 42

U.S.-China electrical equipment trade deficit was $400 billion in 2022.

Statistic 43

Netherlands re-exported $50 billion in electrical goods in 2023.

Statistic 44

Thailand exported $40 billion in electrical machinery in 2023.

Statistic 45

In 2022, the global electrical equipment market size was valued at USD 1,057.6 billion and is expected to expand at a CAGR of 4.1% from 2023 to 2030, driven by rising demand for renewable energy integration.

Statistic 46

U.S. electrical equipment manufacturing industry revenue reached $138.5 billion in 2023, up 3.2% from 2022.

Statistic 47

The low-voltage electrical equipment segment accounted for 42% of the global market share in 2022, valued at approximately USD 444 billion.

Statistic 48

Asia-Pacific region dominated the electrical equipment market with 38.5% share in 2023, generating USD 450 billion in revenue.

Statistic 49

In 2023, the industrial electrical equipment subsector in Europe generated €250 billion in sales, representing 35% growth since 2018.

Statistic 50

Global transformer market, a key electrical equipment segment, was worth $55.2 billion in 2022 with projected CAGR of 7.1% to 2030.

Statistic 51

U.S. switchgear market revenue hit $12.4 billion in 2023, fueled by grid modernization investments.

Statistic 52

China's electrical equipment industry output value reached 8.5 trillion yuan in 2022, up 6.8% YoY.

Statistic 53

The residential electrical equipment market in North America grew to $45 billion in 2023 at 4.5% CAGR over five years.

Statistic 54

Global circuit breaker market size stood at $20.6 billion in 2023, expected to reach $32.1 billion by 2030.

Statistic 55

Indian electrical equipment industry turnover was INR 5.5 lakh crore in FY2023, with exports at INR 1.2 lakh crore.

Statistic 56

Electrical motors market globally valued $152.2 billion in 2022, projected to $238.9 billion by 2032 at 4.7% CAGR.

Statistic 57

EU electrical equipment sector revenue totaled €450 billion in 2022, with Germany contributing 28%.

Statistic 58

Middle East electrical equipment market reached $35 billion in 2023, driven by infrastructure projects.

Statistic 59

U.S. wiring device manufacturing revenue was $8.7 billion in 2022 per Census Bureau data.

Statistic 60

Global power cables market size estimated at $212.3 billion in 2023, growing at 5.2% CAGR to 2030.

Statistic 61

Japan's electrical equipment industry sales hit ¥15 trillion in FY2022, down 1.2% due to supply chain issues.

Statistic 62

Latin America electrical equipment market valued at $48 billion in 2022, with Brazil leading at 40% share.

Statistic 63

Commercial electrical equipment segment in U.S. generated $22 billion in 2023 revenue.

Statistic 64

Global relays market size was $11.2 billion in 2022, forecasted to $16.8 billion by 2030.

Statistic 65

South Korea's electrical equipment exports revenue reached $120 billion in 2023.

Statistic 66

U.S. lighting equipment manufacturing revenue totaled $14.5 billion in 2022.

Statistic 67

Africa electrical equipment market grew to $25 billion in 2023 at 6% CAGR.

Statistic 68

Global generators market valued $24.3 billion in 2023, with diesel segment at 55% share.

Statistic 69

Australia's electrical equipment industry revenue was AUD 18 billion in 2022.

Statistic 70

Southeast Asia electrical equipment market size hit $65 billion in 2023.

Statistic 71

Canadian electrical equipment manufacturing sales reached CAD 12 billion in 2022.

Statistic 72

Russia electrical equipment market valued at RUB 1.2 trillion in 2022.

Statistic 73

Global UPS systems market size was $10.5 billion in 2023, projected 6.8% CAGR.

Statistic 74

Turkey's electrical equipment industry revenue grew to $15 billion in 2023.

Statistic 75

In 2022, U.S. electrical equipment manufacturers produced 1.2 million electric motors, valued at $15.6 billion.

Statistic 76

Global production of power transformers exceeded 500,000 units in 2023, with China accounting for 45%.

Statistic 77

U.S. small electric appliance production reached 85 million units in 2022.

Statistic 78

Europe produced 2.5 million circuit breakers in 2023, up 8% from prior year.

Statistic 79

India's electrical equipment production volume hit 1.8 billion components in FY2023.

Statistic 80

Global output of low-voltage switchgear was 15 million units in 2022.

Statistic 81

China manufactured 750,000 distribution transformers in 2023.

Statistic 82

U.S. wiring devices production totaled 1.1 billion units valued at $7.2 billion in 2022.

Statistic 83

Japan produced 120 million electric lamps in FY2022.

Statistic 84

Brazil's electrical equipment production volume increased to 450 million units in 2023.

Statistic 85

Global generator sets production reached 1.5 million units in 2023.

Statistic 86

Germany output 300,000 industrial control panels in 2022.

Statistic 87

South Korea produced 2.2 billion semiconductors for electrical equipment in 2023.

Statistic 88

U.S. battery manufacturing for equipment hit 500 million units in 2022.

Statistic 89

Europe relay production was 800 million units in 2023.

Statistic 90

Mexico electrical equipment output reached 900 million components in 2022.

Statistic 91

Global power cable production volume was 250 million km in 2023.

Statistic 92

Australia's major appliance production totaled 4.5 million units in 2022.

Statistic 93

Indonesia produced 150 million electrical switches in 2023.

Statistic 94

Canada output 1.2 million electric motors in 2022.

Statistic 95

Russia manufactured 200,000 transformers in 2022.

Statistic 96

Vietnam electrical equipment production hit 600 million units in 2023.

Statistic 97

Thailand produced 300 million wiring harnesses in 2022.

Statistic 98

U.S. household appliance production reached 70 million units in 2023.

Statistic 99

Global UPS production volume was 12 million units in 2023.

Statistic 100

Poland output 250,000 switchgears in 2022.

Statistic 101

Global R&D spending in electrical equipment industry reached $45 billion in 2023.

Statistic 102

Siemens invested €5.2 billion in electrical equipment R&D in 2022.

Statistic 103

ABB Group allocated 8.5% of revenue, or $1.8 billion, to R&D for smart grid tech in 2023.

Statistic 104

U.S. electrical equipment firms filed 12,500 patents in 2022.

Statistic 105

China granted 45,000 electrical equipment-related patents in 2023.

Statistic 106

Schneider Electric spent €1.6 billion on IoT-enabled equipment R&D in 2022.

Statistic 107

Global investment in EV charging equipment R&D hit $10 billion in 2023.

Statistic 108

GE Vernova R&D budget for grid equipment was $1.2 billion in 2023.

Statistic 109

Europe funded €2.5 billion in electrical equipment innovation via Horizon 2020.

Statistic 110

Eaton invested $800 million in digital power management R&D in 2022.

Statistic 111

Japan filed 18,000 patents for power electronics in 2023.

Statistic 112

U.S. DOE granted $500 million for advanced manufacturing in electrical equipment in 2023.

Statistic 113

Honeywell spent $650 million on building automation electrical R&D in 2022.

Statistic 114

Global patents for renewable integration equipment rose 25% to 30,000 in 2023.

Statistic 115

Rockwell Automation R&D investment was $550 million for industrial controls in 2023.

Statistic 116

India invested INR 50,000 crore in smart meter R&D by 2023.

Statistic 117

Emerson Electric allocated 6% of sales, $1.1 billion, to automation R&D in 2022.

Statistic 118

EU patented 15,000 AI-driven electrical systems in 2023.

Statistic 119

TE Connectivity spent $700 million on connector tech R&D in 2023.

Statistic 120

South Korea R&D spend in electrical equipment was KRW 20 trillion in 2022.

1/120

Sources

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From powering homes with a simple flick of a switch to fueling a global shift toward renewable energy, the electrical equipment industry—valued at a staggering $1.1 trillion—is the silent yet dynamic backbone of our modern world, driving innovation and growth across every corner of the globe.

Key Takeaways

In 2022, the global electrical equipment market size was valued at USD 1,057.6 billion and is expected to expand at a CAGR of 4.1% from 2023 to 2030, driven by rising demand for renewable energy integration.
U.S. electrical equipment manufacturing industry revenue reached $138.5 billion in 2023, up 3.2% from 2022.
The low-voltage electrical equipment segment accounted for 42% of the global market share in 2022, valued at approximately USD 444 billion.
In 2022, U.S. electrical equipment manufacturers produced 1.2 million electric motors, valued at $15.6 billion.
Global production of power transformers exceeded 500,000 units in 2023, with China accounting for 45%.
U.S. small electric appliance production reached 85 million units in 2022.
U.S. electrical equipment manufacturing employed 402,000 workers in 2022, with average hourly earnings of $28.50.
Global electrical equipment industry workforce exceeded 12 million in 2023, with Asia holding 65%.
China employed 4.5 million in electrical equipment manufacturing in 2022.
Global electrical equipment exports totaled $850 billion in 2023, led by China at 30% share.
U.S. exported $28.5 billion in electrical equipment in 2022.
Germany exported €120 billion worth of electrical equipment in 2023.
Global R&D spending in electrical equipment industry reached $45 billion in 2023.
Siemens invested €5.2 billion in electrical equipment R&D in 2022.
ABB Group allocated 8.5% of revenue, or $1.8 billion, to R&D for smart grid tech in 2023.

The global electrical equipment industry is growing steadily, driven by demand for renewable energy integration.

Employment and Labor

U.S. electrical equipment manufacturing employed 402,000 workers in 2022, with average hourly earnings of $28.50.
Global electrical equipment industry workforce exceeded 12 million in 2023, with Asia holding 65%.
China employed 4.5 million in electrical equipment manufacturing in 2022.
U.S. NAICS 335 sector saw 15,000 job losses in 2023 due to automation.
Germany electrical equipment firms employed 850,000 workers in 2022, 28% engineers.
India had 2.1 million direct jobs in electrical equipment sector in FY2023.
EU-27 electrical equipment employment totaled 1.8 million in 2022, down 2% YoY.
Japan employed 700,000 in electrical machinery in FY2022.
Brazil electrical equipment industry workforce was 450,000 in 2023.
South Korea had 650,000 jobs in electrical equipment manufacturing in 2023.
Mexico employed 800,000 in NAICS-equivalent electrical sector in 2022.
U.S. women comprised 28% of electrical equipment manufacturing workforce in 2023.
Italy's electrical equipment employment reached 350,000 in 2022.
Australia had 55,000 workers in electrical equipment manufacturing in 2022.
Canada's electrical product manufacturing employed 90,000 in 2022.
Russia employed 400,000 in electrical equipment in 2022.
Vietnam's sector workforce grew to 1.2 million in 2023.
UK electrical equipment manufacturing jobs totaled 120,000 in 2023.
Indonesia employed 750,000 in electrical goods manufacturing in 2022.
France had 250,000 electrical equipment workers in 2022.
U.S. average annual wage in electrical equipment mfg. was $65,200 in 2023.

Employment and Labor Interpretation

While the U.S. is diligently wiring its workforce with higher wages and automation, the global circuit board of electrical equipment manufacturing has been decisively soldered together in Asia, where sheer scale currently conducts the current of this industry.

Exports and Imports

Global electrical equipment exports totaled $850 billion in 2023, led by China at 30% share.
U.S. exported $28.5 billion in electrical equipment in 2022.
Germany exported €120 billion worth of electrical equipment in 2023.
China imported $150 billion in electrical components in 2022.
India's electrical equipment exports grew 15% to $12 billion in FY2023.
Japan electrical machinery exports reached $180 billion in 2023.
Mexico imported $45 billion in electrical equipment in 2022.
South Korea exported $95 billion in electrical equipment in 2023.
EU imported $300 billion in electrical goods from non-EU countries in 2022.
Brazil exported $8 billion in electrical equipment in 2023.
U.S. imports of electrical machinery hit $450 billion in 2023.
Vietnam exported $120 billion in electrical products in 2023.
Italy exported €25 billion in electrical equipment in 2022.
Canada imported $35 billion from U.S. electrical equipment in 2022.
Russia exported $10 billion in electrical equipment pre-2022 sanctions.
Australia imported $20 billion in electrical machinery in 2023.
Turkey exported $7.5 billion in electrical equipment in 2023.
Indonesia imported $25 billion in electrical components in 2022.
France exported €18 billion in electrical equipment in 2023.
Global top 10 exporters held 70% of $850 billion electrical equipment trade in 2023.
U.S.-China electrical equipment trade deficit was $400 billion in 2022.
Netherlands re-exported $50 billion in electrical goods in 2023.
Thailand exported $40 billion in electrical machinery in 2023.

Exports and Imports Interpretation

China appears to be the world's factory floor, but a closer look at the electrical equipment trade reveals a complex, interdependent global circuit where even top exporters like the U.S. and EU are voracious importers, proving that no nation is truly an electrical island.

Market Size and Revenue

In 2022, the global electrical equipment market size was valued at USD 1,057.6 billion and is expected to expand at a CAGR of 4.1% from 2023 to 2030, driven by rising demand for renewable energy integration.
U.S. electrical equipment manufacturing industry revenue reached $138.5 billion in 2023, up 3.2% from 2022.
The low-voltage electrical equipment segment accounted for 42% of the global market share in 2022, valued at approximately USD 444 billion.
Asia-Pacific region dominated the electrical equipment market with 38.5% share in 2023, generating USD 450 billion in revenue.
In 2023, the industrial electrical equipment subsector in Europe generated €250 billion in sales, representing 35% growth since 2018.
Global transformer market, a key electrical equipment segment, was worth $55.2 billion in 2022 with projected CAGR of 7.1% to 2030.
U.S. switchgear market revenue hit $12.4 billion in 2023, fueled by grid modernization investments.
China's electrical equipment industry output value reached 8.5 trillion yuan in 2022, up 6.8% YoY.
The residential electrical equipment market in North America grew to $45 billion in 2023 at 4.5% CAGR over five years.
Global circuit breaker market size stood at $20.6 billion in 2023, expected to reach $32.1 billion by 2030.
Indian electrical equipment industry turnover was INR 5.5 lakh crore in FY2023, with exports at INR 1.2 lakh crore.
Electrical motors market globally valued $152.2 billion in 2022, projected to $238.9 billion by 2032 at 4.7% CAGR.
EU electrical equipment sector revenue totaled €450 billion in 2022, with Germany contributing 28%.
Middle East electrical equipment market reached $35 billion in 2023, driven by infrastructure projects.
U.S. wiring device manufacturing revenue was $8.7 billion in 2022 per Census Bureau data.
Global power cables market size estimated at $212.3 billion in 2023, growing at 5.2% CAGR to 2030.
Japan's electrical equipment industry sales hit ¥15 trillion in FY2022, down 1.2% due to supply chain issues.
Latin America electrical equipment market valued at $48 billion in 2022, with Brazil leading at 40% share.
Commercial electrical equipment segment in U.S. generated $22 billion in 2023 revenue.
Global relays market size was $11.2 billion in 2022, forecasted to $16.8 billion by 2030.
South Korea's electrical equipment exports revenue reached $120 billion in 2023.
U.S. lighting equipment manufacturing revenue totaled $14.5 billion in 2022.
Africa electrical equipment market grew to $25 billion in 2023 at 6% CAGR.
Global generators market valued $24.3 billion in 2023, with diesel segment at 55% share.
Australia's electrical equipment industry revenue was AUD 18 billion in 2022.
Southeast Asia electrical equipment market size hit $65 billion in 2023.
Canadian electrical equipment manufacturing sales reached CAD 12 billion in 2022.
Russia electrical equipment market valued at RUB 1.2 trillion in 2022.
Global UPS systems market size was $10.5 billion in 2023, projected 6.8% CAGR.
Turkey's electrical equipment industry revenue grew to $15 billion in 2023.

Market Size and Revenue Interpretation

While one could be tempted to view the electrical equipment industry as a reliably humming background grid, these figures reveal it's actually a roaring, trillion-dollar engine of global modernization, now supercharged by a green energy revolution that is rapidly rewiring every continent from the inside out.

Production Volumes

In 2022, U.S. electrical equipment manufacturers produced 1.2 million electric motors, valued at $15.6 billion.
Global production of power transformers exceeded 500,000 units in 2023, with China accounting for 45%.
U.S. small electric appliance production reached 85 million units in 2022.
Europe produced 2.5 million circuit breakers in 2023, up 8% from prior year.
India's electrical equipment production volume hit 1.8 billion components in FY2023.
Global output of low-voltage switchgear was 15 million units in 2022.
China manufactured 750,000 distribution transformers in 2023.
U.S. wiring devices production totaled 1.1 billion units valued at $7.2 billion in 2022.
Japan produced 120 million electric lamps in FY2022.
Brazil's electrical equipment production volume increased to 450 million units in 2023.
Global generator sets production reached 1.5 million units in 2023.
Germany output 300,000 industrial control panels in 2022.
South Korea produced 2.2 billion semiconductors for electrical equipment in 2023.
U.S. battery manufacturing for equipment hit 500 million units in 2022.
Europe relay production was 800 million units in 2023.
Mexico electrical equipment output reached 900 million components in 2022.
Global power cable production volume was 250 million km in 2023.
Australia's major appliance production totaled 4.5 million units in 2022.
Indonesia produced 150 million electrical switches in 2023.
Canada output 1.2 million electric motors in 2022.
Russia manufactured 200,000 transformers in 2022.
Vietnam electrical equipment production hit 600 million units in 2023.
Thailand produced 300 million wiring harnesses in 2022.
U.S. household appliance production reached 70 million units in 2023.
Global UPS production volume was 12 million units in 2023.
Poland output 250,000 switchgears in 2022.

Production Volumes Interpretation

Behind the comforting hum of modern life lies a truly staggering industrial symphony, where billions of components, from microscopic semiconductors to continent-spanning power cables, are orchestrated into existence to keep our world not just running, but brightly lit, precisely powered, and perpetually plugged in.

R&D and Innovation

Global R&D spending in electrical equipment industry reached $45 billion in 2023.
Siemens invested €5.2 billion in electrical equipment R&D in 2022.
ABB Group allocated 8.5% of revenue, or $1.8 billion, to R&D for smart grid tech in 2023.
U.S. electrical equipment firms filed 12,500 patents in 2022.
China granted 45,000 electrical equipment-related patents in 2023.
Schneider Electric spent €1.6 billion on IoT-enabled equipment R&D in 2022.
Global investment in EV charging equipment R&D hit $10 billion in 2023.
GE Vernova R&D budget for grid equipment was $1.2 billion in 2023.
Europe funded €2.5 billion in electrical equipment innovation via Horizon 2020.
Eaton invested $800 million in digital power management R&D in 2022.
Japan filed 18,000 patents for power electronics in 2023.
U.S. DOE granted $500 million for advanced manufacturing in electrical equipment in 2023.
Honeywell spent $650 million on building automation electrical R&D in 2022.
Global patents for renewable integration equipment rose 25% to 30,000 in 2023.
Rockwell Automation R&D investment was $550 million for industrial controls in 2023.
India invested INR 50,000 crore in smart meter R&D by 2023.
Emerson Electric allocated 6% of sales, $1.1 billion, to automation R&D in 2022.
EU patented 15,000 AI-driven electrical systems in 2023.
TE Connectivity spent $700 million on connector tech R&D in 2023.
South Korea R&D spend in electrical equipment was KRW 20 trillion in 2022.

R&D and Innovation Interpretation

The global electrical equipment industry is in a high-stakes innovation arms race, where billions are spent on R&D and patents fly like sparks, all to build the smarter, greener, and desperately needed power infrastructure of tomorrow.