Gitnux/Report 2026

Electrical Equipment Manufacturing Industry Statistics

The global electrical equipment market was valued at $1.752 trillion in 2025, explore the latest shipment and employment figures plus company focus and technology trends for 2026.
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November 11, 2026Updated
Electrical Equipment Manufacturing Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published ·Updated
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The electrical equipment manufacturing industry at a glance

The global electrical equipment market reached $1.75 trillion in 2025 and is projected to grow at a 6.1% CAGR through 2030, supported by grid expansion, electrification and digital infrastructure demand.

$1.75T[93]
Global market size, 2025
6.1%[93]
Forecast CAGR, 2025–2030
$125.8B[23]
U.S. shipments, Jan–Jul 2026
446,100[22]
U.S. industry jobs, September 2026
Market size
The global electrical equipment market was valued at $1.752 trillion in 2025. In the United States, electrical equipment, appliances and components shipments totaled $125.8 billion in the first seven months of 2026, up 5.8% from the comparable 2025 period.[93][23]
Forecast & CAGR
The global market is forecast to reach $2.340 trillion by 2030, implying a 6.1% compound annual growth rate from 2025 to 2030. Growth is tied to technological innovation, infrastructure modernization and rising demand for electrical systems.[93]
Market share & regions
Asia-Pacific was the largest regional market in 2025, while Western Europe was identified as the fastest-growing region. The regional ranking reflects the concentration of manufacturing capacity and demand for power, industrial and household electrical equipment in Asia-Pacific.[93]
Segmentation
The market is segmented into electric lighting equipment, household appliances, power-generation and transmission equipment, batteries, and wires and cables. It is also divided by sales channel, including OEM and aftermarket, and by end use, including business-to-business and business-to-consumer demand.[93]
Key players & concentration
The industry includes large diversified manufacturers such as ABB, Legrand, Schneider Electric, Siemens, Eaton and nVent alongside specialized cable, battery, appliance and component producers. The available market source lists more than 20 named companies, indicating a fragmented global supplier base rather than a market controlled by a small number of firms.[93]
Pricing
Electrical-equipment pricing remains exposed to supply-chain and component-cost pressure. The International Energy Agency reported that cable costs had nearly doubled since 2019 and power-transformer prices had risen by around 75%, while procurement times for essential grid components had almost doubled since 2021.[94]
Trends, drivers & challenges
Grid investment, electrification, data-center demand and clean-energy deployment are major growth drivers: global grid investment reached a record $390 billion in 2024, and about 530,000 people worked in manufacturing grid components such as transformers, switchgear and smart meters. The main constraints are ageing infrastructure, skilled-labor shortages and long lead times for transformers and cables.[94]
Consumer behavior & competition
Competition spans B2B infrastructure and industrial procurement as well as B2C household-appliance and electrical-product sales. The market is segmented between OEM and aftermarket channels and between business-to-business and business-to-consumer customers, with product differentiation increasingly based on energy efficiency, reliability, connectivity and lifecycle cost.[93]
M&A
M&A activity is being used to expand into power quality, data-center infrastructure and grid equipment. Legrand agreed in November 2025 to acquire Avtron Power Solutions, which employed 600 people, operated five manufacturing sites and was expected to generate nearly $350 million in 2025 revenue; nVent announced a $1.75 billion acquisition of Maverick Power in 2026.[95][96]
Regulation
In the United States, OSHA Subpart S sets requirements for electrical systems, wiring methods, equipment approval and workplace electrical safety. In the European Union, Regulation 2023/826 introduced ecodesign requirements for standby and networked-standby energy consumption in household and office equipment, applying from May 9, 2025.[97][98]
Latest news
Recent industry developments include Siemens' planned $285 million investment in two U.S. electrical-product manufacturing facilities, expected to create more than 900 skilled manufacturing jobs. The investment is intended to supply commercial, industrial and construction customers and support rising demand linked to data centers and electrification.[99]

02 Ranking

Top 10 Companies in the Electrical Equipment Manufacturing Industry

The leading companies in the electrical equipment manufacturing industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

Eaton stands out for power-management equipment because it manufactures power-management equipment for grids, buildings, factories and data centers, while Schneider Electric focuses on energy management and industrial automation since it reported 2025 growth in Energy Management and Industrial Automation.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in power distribution protection

    Eaton

    IE

    Ranked #1 · 9.0 · Power distribution protection

    Why we picked it: It manufactures power-management equipment across grids and data centers, supported by a 10% revenue growth.

    See in ranking ↓Visit eaton.com ↗

  2. Leader in energy management automation

    Schneider Electric

    FR

    Ranked #2 · 9.0 · Energy management automation

    Why we picked it: It reported 2025 Energy Management and Industrial Automation growth, with an 18.7% adjusted EBITA margin and 5.6% R&D.

    See in ranking ↓Visit se.com ↗

  3. Leader in power generation electrification

    GE Vernova

    US

    Ranked #3 · 8.9 · Power generation electrification

    Why we picked it: It manufactures power, grid electrification, storage and wind equipment, with an 8.9% revenue growth and 3.6% operating margin.

    See in ranking ↓Visit gevernova.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the electrical equipment manufacturing industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Eaton

Power distribution protection · IE

9.0
2

Schneider Electric

Energy management automation · FR

9.0
3

GE Vernova

Power generation electrification · US

8.9
4

Siemens

Energy management automation · DE

8.8
5

Nexans

Cables and electrification systems · FR

8.8
6

Vertiv

Data-center power and thermal infrastructure · US

8.6
7

Siemens Energy

Power generation, transmission and grid equipment · DE

8.5
8

Hitachi

Energy systems, power grids and industrial equipment · JP

8.4
9

Rockwell Automation

Industrial control and automation equipment · US

8.2
10

WEG

Motors, generators, transformers and automation · BR

8.0

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the electrical equipment manufacturing industry. In Electrical Equipment Manufacturing Industry Statistics. Gitnux. https://gitnux.org/electrical-equipment-manufacturing-industry-statistics/#top-companies

report visual · Projection

U.S. switchgear and switchboard apparatus manufacturing market size

U.S. switchgear and switchboard apparatus manufacturing market size grew from $25.3B in 2019 to $34.0B in 2023.

$25.3B
Start
+7.74%
CAGR · 4y
$34B
Projected
20192023
source-verifiedmakeitelectric.org2023

04 Statistics

Technology & Innovation

AI and analytics adoption spans from average active AI uses to measured shares using AI for production optimisation and analysis, alongside large-scale industrial robot installation figures like 128,899 in 2024.

AI in the electrical equipment manufacturing industry

  • 6.3 was the average number of active AI uses among Canadian electrical-equipment enterprises in 2022–23.[1]
  • 4.8 was the average number of active AI uses among UK electrical-equipment enterprises in 2022–23.[1]
  • Up to 11% of German electrical-equipment firms used AI in production in 2018.[2]
  • 5.1% of EU electrical-equipment enterprises used AI to optimise production processes in 2024.[1]
  • 29.4% of US electrical-equipment, appliance and component manufacturers used AI during July–September 2026.[3]
  • 6.4 was the average number of active AI uses among Japanese electrical-equipment enterprises in 2022–23.[1]

Automation in the electrical equipment manufacturing industry

  • 128,899 industrial robots were installed by the global electrical and electronics industry in 2024.[4]
  • 11% of US manufacturing businesses used industrial robots in 2023.[5]
  • 50% is the median share of highly automated processes industrial manufacturers expect by 2030.[6]
  • 3,900 industrial robots were installed by the US electrical and electronics industry in 2023.[4]
  • 25% of US manufacturing businesses used industrial automation technology in 2023.[5]
  • 6,036 industrial robots were installed by Europe’s electrical and electronics industry in 2023.[4]

Digital Transformation in the industrial manufacturing sector (sector benchmark)

  • 76% of industrial-manufacturing firms across 26 countries reported that their workforce had an appetite to embrace cutting-edge technology in 2024.[7]
  • 34% of industrial-manufacturing organizations across 26 countries had achieved return on investment from multiple AI use cases in 2024.[7]
  • 32% of U.S. industrial-products respondents said their operations-technology investments had delivered expected results in 2024.[6]
  • 24% of companies across the European Industrial Ecosystem had a concrete digital-transformation strategy in 2024.[8]

Technology Adoption in the industrial manufacturing sector (sector benchmark)

  • 35% of industrial-manufacturing organizations were proactive in advancing data-and-analytics strategies in 2024.[9]
  • 30% of industrial-manufacturing organizations were proactive in advancing edge-computing strategies in 2024.[9]
  • 31% of industrial-manufacturing organizations were proactive in advancing modern-delivery technologies, including low-code and no-code, in 2024.[9]
  • 37% of industrial-manufacturing organizations were proactive in advancing AI and automation strategies in 2024.[9]

Cloud Computing in the industrial manufacturing sector (sector benchmark)

  • 87% of Finnish manufacturing enterprises used cloud computing in 2023.[1]
  • 39% of industrial-manufacturing organizations were proactive in advancing XaaS technologies, including public and multicloud, in 2024.[9]
  • 87% of Australian manufacturing enterprises used cloud computing in 2022.[1]
  • 54% of EU manufacturing enterprises used paid cloud-computing services in 2025, up from approximately 45% in 2023.[10]

Big Data in the industrial manufacturing sector (sector benchmark)

  • 28% of manufacturing survey respondents were implementing big-data processing in 2024, up 7 percentage points from 2023, according to an Auburn University study of 97 participants.[11]
  • 67% of manufacturers surveyed in the United States, Germany and Malaysia could collect and analyze data in near real time in 2024.[12]
  • 57% of manufacturers used some form of artificial intelligence to analyze collected manufacturing data in 2024.[13]
  • 16.2% of businesses in the European Industrial Ecosystem used big-data technologies in 2024.[8]
  • 60% of manufacturers surveyed could collect and normalize data from assets or equipment in 2024, across 461 decision makers in the United States, Germany and Malaysia.[12]
  • 44% of manufacturing leaders reported that the amount of data their organizations collected had at least doubled over the previous two years in 2024.[14]

05 Statistics

Data & Analytics

Data governance and data quality constraints show up repeatedly: 61% of manufacturers said poor data quality limited adoption in 2025, alongside indexes and adoption rates reported for 2024 and 2025.

Business intelligence in the electrical equipment manufacturing industry

  • 33% of North American electrical equipment manufacturers expected better conditions six months ahead in September 2026.[15]
  • 67% of North American electrical equipment manufacturers reported unchanged current conditions in September 2026.[16]
  • 24% of North American electrical equipment manufacturers reported better current conditions in September 2026.[16]
  • 57.1 points was the September 2026 current-conditions index for North American electrical equipment manufacturers.[16]

Data analytics in the electrical equipment manufacturing industry

  • 16.4% of EU electrical-equipment enterprises used at least one artificial-intelligence technology in 2024.[1]
  • 34% of surveyed electric motor-system digitalisation use cases used data analytics on production lines in 2020.[17]
  • 13% of surveyed electric motor-system digitalisation use cases used digital twins in 2020.[17]
  • 22% of surveyed electric motor-system digitalisation use cases used cloud-based services in 2020.[17]
  • 31% of assembly plants used data-analytics software in 2020.[18]
  • 10.4% of EU electrical-equipment enterprises used at least one artificial-intelligence technology in 2021.[1]

Data Quality in the industrial manufacturing sector (sector benchmark)

  • 30% of manufacturers identified poor data quality as a technical barrier to improving processes in 2025.[19]
  • 41% of manufacturers surveyed distrusted the data used for supply-chain operations in 2025.[20]
  • 61% of manufacturing leaders agreed that poor data quality limited adoption and optimization of emerging technologies in 2025.[19]
  • 44% of manufacturers surveyed reported that AI projects had failed because of poor data quality in 2025.[20]
  • 54% of manufacturers surveyed had duplicate data in several systems in 2025.[20]
  • 51% of manufacturers surveyed said their data was siloed across disparate tools and systems in 2025.[20]

Data Governance in the industrial manufacturing sector (sector benchmark)

  • 15% of manufacturers surveyed said their data strategy was entirely aligned with their overall business strategy in 2024.[13]
  • 22% of manufacturers surveyed included data collection, management or analysis in executive incentives, KPIs or business imperatives in 2024.[13]
  • 61% of manufacturers surveyed had a corporate-wide governance plan, strategy or formal data-management guidelines in 2024.[13]
  • 58% of manufacturers surveyed assigned primary data-governance responsibility to a C-suite or senior leader in 2024.[13]

KPIs in the electrical equipment manufacturing industry

  • 37% of surveyed foundries used in-house-developed analytics tools in 2023.[21]
  • 74% of surveyed foundries used data and statistical analytics in 2023.[21]
  • 32% of surveyed foundries used statistical software in 2023.[21]
  • 58% of surveyed foundries used runtime and cycle reports in 2023.[21]
  • 30% of surveyed foundries used data-visualisation software in 2023.[21]

06 Statistics

Strategy & Growth

Output and shipments connect to execution capacity, with U.S. sectoral output of $53.966 billion in 2024 and U.S. shipment growth of 5.8% through July 2026.

Growth in the electrical equipment manufacturing industry

  • $53.966 billion was U.S. electrical equipment manufacturing sectoral output in 2024.[22]
  • $51.271 billion was U.S. electrical equipment manufacturing sectoral output in 2023.[22]
  • 5.8% was year-to-date U.S. shipment growth for electrical equipment, appliances and components through July 2026.[23]
  • 74.4% was the cumulative global output growth of electrical equipment manufacturing from the first quarter of 2015 to the second quarter of 2025.[24]
  • 53,400 people were employed in ABB Electrification at December 31, 2025.[25]
  • $40.335 billion was U.S. electrical equipment manufacturing sectoral output in 2021.[22]

Differentiation in the electrical equipment manufacturing industry

  • £27 million was ABB Electrification’s investment in a new U.K. manufacturing and R&D facility.[26]
  • $230 million was ABB Electrification’s 2025 U.S. investment in manufacturing and R&D.[26]
  • 1%–10% is the range of R&D spending as a percentage of revenue across ABB divisions.[27]
  • CA$130 million was ABB Electrification’s Canadian investment in expanded R&D and production capacity.[26]
  • $5.8 billion was ABB’s cumulative R&D investment since 2021.[27]
  • 12 follow-on investments were made by ABB Technology Ventures in 2025.[27]

Mergers and acquisitions in the electrical equipment manufacturing industry

  • JPY102 billion was the fiscal-2025 revenue of Mitsubishi Electric’s business contributed to the ABB joint venture.[27]
  • $13 billion was Eaton’s value of acquisitions announced in 2025.[28]
  • €16 million was BrightLoop’s 2024 revenue before ABB agreed to acquire the company.[27]
  • 98 electrical-components transactions were recorded in 2025.[29]
  • 76 electrical-components transactions were recorded in 2020.[29]
  • 86 electrical-components transactions were recorded in 2022.[29]

Strategic partnerships in the electrical equipment manufacturing industry

  • 456 supplier partnerships had been announced cumulatively by 2022 in the tracked automotive supplier categories.[30]
  • 50% of ABB Electrification revenue came from distributors in 2025.[25]
  • 20% of ABB Electrification revenue came from direct sales to end users in 2025, with the balance supported by partner channels and other routes.[25]
  • 2% was the positive revenue contribution from ABB’s acquisition-related business transfer with Siemens’ wiring-accessories business in China in 2025.[25]
  • 400 partners attended Eaton’s 2025 Global Supplier Conference.[28]
  • 7% was ABB Electrification order growth in Asia, the Middle East and Africa in 2025.[25]

07 Statistics

People & Workforce

Workforce capacity and hiring contexts are tracked with job counts and training throughput, including 446,100 U.S. industry jobs in September 2026 and Siemens planned employment for its Fort Worth facility.

Hiring in the electrical equipment manufacturing industry

  • 1,700 workers were planned for Siemens’ new electrical-equipment factory in Fort Worth, Texas.[31]
  • 411,100 people were employed in U.S. electrical equipment, appliance and component manufacturing in April 2024.[22]
  • 17,400 sales employees were included in Schneider Electric’s global Skill Up talent-development population in 2024.[32]
  • 4,500 people were employed by Siemens in Texas before its Fort Worth electrical-equipment expansion.[31]
  • 42% of Schneider Electric’s 2024 new hires were women globally.[32]

Employee retention in the electrical equipment manufacturing industry

  • 76% of Schneider Electric employees said they felt fairly treated regardless of individual differences in the 2024 internal engagement survey.[32]
  • 72% of Johnson Electric employees said in the FY2025/26 survey that the company strongly embraces diversity and inclusion.[33]
  • 50% was the reduction in G&D’s employee turnover rate after an in-house training program supported by Ohio MEP.[34]
  • 15.1% was the 2022 turnover rate reported by Minnesota electronic and other electrical manufacturers.[35]
  • 89.20% was Allis Electric’s employee retention rate in 2025, exceeding its 86% target.[36]

Remote Work in the industrial manufacturing sector (sector benchmark)

  • Across U.S. manufacturing, 36.9% of workers could work at home and 33.3% actually did so during 2024–2025.[37]
  • Across U.S. manufacturing, 19% of workers worked remotely, including hybrid and fully remote arrangements, during October 2023–September 2024.[38]
  • Across U.S. manufacturing, teleworked hours represented 12.2% of total hours worked in 2025.[37]
  • Across U.S. manufacturing, 35.2% of surveyed workers reported remote work in the Chicago Fed Survey of Economic Conditions from July 2021 through March 2024.[39]

Hybrid Work in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing companies, 17% were fully back in the office for non-production employees in 2025.[40]
  • Across manufacturing employers, 80% said their organizations were still struggling to balance hybrid working in 2025.[41]
  • Across manufacturing employers, 67% identified productivity as a key factor driving pressure to return to the office in 2025.[41]
  • Across manufacturing companies, the average required office attendance reached 2.82 days per week in the second quarter of 2025.[40]
  • Across manufacturing employees, 80% believed office mandates reflected a lack of trust that employees would be productive at home in 2025.[41]

Upskilling in the electrical equipment manufacturing industry

  • 85.5% of Schneider Electric formal training was delivered by internal trainers in 2024.[32]
  • 361,000 hours of platform learning were recorded by Schneider Electric Skill Up users in 2024.[32]
  • 12,200 courses were completed on Schneider Electric’s Skill Up platform in 2024.[32]
  • 23 hours was Schneider Electric employees’ average learning time in 2024.[32]
  • 85% of Schneider Electric global supply-chain employees in scope had completed a CoMET skills assessment by 2024.[32]

Employee Engagement in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing companies, 70% of respondents said most non-frontline employees were engaged in their jobs in 2023.[6]
  • Across manufacturing, distribution and storage organizations, the average employee-engagement score was 72.9% in 2026.[42]
  • Across manufacturing companies, 25% of respondents did not know whether their frontline workforce was engaged in 2023.[6]
  • Across manufacturing companies, 41% identified employee recognition as a high priority in 2024.[43]
  • Across manufacturing, distribution and storage organizations, 84.2% of employees said they cared about their organization’s future in 2026.[42]

DEI in the electrical equipment manufacturing industry

  • 40% of Schneider Electric’s executive committee were women in 2024.[32]

08 Statistics

Customer & Sales

Customer experience in the electrical equipment manufacturing industry

  • 5 was the average Net Promoter Score for 12 electronics companies rated by 4,100 U.S. customers in 2020.[44]
  • 89% of U.S. electronics-company promoters said they would purchase more from the company in 2020.[44]
  • 33.9% of industrial-control buyers were very satisfied with customer service in a 2007 customer-satisfaction survey.[45]
  • 40.7% of industrial-control buyers were very satisfied with product design in a 2007 customer-satisfaction survey.[45]
  • 71% of U.S. electronics-company promoters said they would forgive the company after a mistake in 2020.[44]

Customer retention in the electrical equipment manufacturing industry

  • 95% was the median annual customer-retention rate among U.S. industrial equipment manufacturers in the surveyed period.[46]
  • 23% of industrial equipment manufacturers reported customer-retention rates of 80% or lower in the surveyed period.[46]

Customer acquisition in the electrical equipment manufacturing industry

  • 41 electrical and power equipment websites were included in a 2026 B2B manufacturing marketing study.[47]
  • 1,475 was the median monthly website-visit volume for electrical and power equipment companies in 2026.[47]
  • 392 was the median number of ranking keywords for electrical and power equipment websites in 2026.[47]
  • 46% of electrical and power equipment companies used paid advertising in 2026.[47]
  • 26% of electrical and power equipment companies appeared in Google paid-search results in 2026.[47]

Customer loyalty in the electrical equipment manufacturing industry

  • 71% of electronics-company promoters said they would forgive a company mistake, compared with 18% of detractors, in the 2020 U.S. study.[44]
  • 3.5 distributors was the average number from which electrical contractors purchased materials in the 2022 U.S. study.[48]
  • 1% of global white-goods purchases were made through manufacturers’ own websites in McKinsey’s latest consumer research.[49]
  • 20% of global white-goods purchases were completed online in McKinsey’s latest consumer research.[49]
  • 89% of electronics-company promoters said they would purchase more from the company, compared with 21% of detractors, in the 2020 U.S. study.[44]

Lead generation in the electrical equipment manufacturing industry

  • 46% of electrical and power equipment companies used at least one form of paid advertising in 2026.[47]
  • 2.9% was the conversion rate for average-performing electronics and electrical engineering companies in the second stage of the DACH industrial benchmark.[50]
  • 31% of electrical and power equipment companies used LinkedIn as a visible marketing channel in 2026.[47]
  • 6.8% was the conversion rate for top-performing electronics and electrical engineering companies in the DACH industrial benchmark.[50]
  • 2.1% was the average conversion rate for electronics and electrical engineering companies in the first stage of a DACH industrial benchmark.[50]

09 Statistics

Marketing & Brand

Marketing spend allocation trends include digital budget guidance and CRM adoption, while brand value metrics track engineering-market visibility such as Siemens engineering brand value at $25.4 billion in 2026.

Marketing in the electrical equipment manufacturing industry

  • 45% of equipment manufacturers planned to keep their overall marketing budget unchanged from 2020, United States, 2021.[51]
  • 40% to 45% of manufacturers’ marketing budgets were recommended for digital marketing, according to the survey research, 2021.[51]
  • 7% of equipment manufacturers rely solely on online sales to drive business, United States, 2021.[51]
  • 25% of equipment manufacturers sell directly through a combination of offline and online channels, United States, 2021.[51]
  • 63% of equipment manufacturers planned to increase their digital marketing budget from 2020, United States, 2021.[51]

Digital marketing in the electrical equipment manufacturing industry

  • Only 3.4% of equipment manufacturers reported using no CRM software, United States, 2021.[51]
  • 68% of equipment manufacturers used search-engine optimization, United States, 2021.[51]
  • 46% of equipment manufacturers used paid search advertising, United States, 2021.[51]
  • 6% of equipment manufacturers used mobile marketing, United States, 2021.[51]
  • 82% of equipment manufacturers used non-paid social media posting, United States, 2021.[51]

Branding in the electrical equipment manufacturing industry

  • $25.4 billion was Siemens Group’s engineering brand value, ranking second globally, 2026.[52]
  • $366.9 billion was the combined brand value of the top 50 global engineering brands, 2025.[52]
  • $25.9 billion was Siemens Group’s engineering brand value after a 6% increase, 2025.[52]
  • $19.8 billion was General Electric’s engineering brand value, ranking third globally, 2025.[52]
  • $4.8 billion was Mitsubishi Heavy’s engineering brand value after a 30% increase, 2025.[52]

Social media in the electrical equipment manufacturing industry

  • 9.93% of Crestron Electronics employees shared company content, electrical and electronic manufacturing sector, 2024.[53]
  • 9.16% of Megger employees shared company content, electrical and electronic manufacturing sector, 2024.[53]
  • 9.41% of Danfoss Drives employees shared company content, electrical and electronic manufacturing sector, 2024.[53]
  • 9.20% of Zumtobel Group employees shared company content, electrical and electronic manufacturing sector, 2024.[53]
  • 13.91% of ChargePoint employees shared company content, the highest rate among tracked electrical and electronic manufacturers, 2024.[53]

Influencer Marketing in the industrial manufacturing sector (sector benchmark)

  • Across B2B companies, 43% of marketers planned to increase influencer investment in the following year in 2025; global survey scope.[54]
  • Across B2B companies, 55% of marketers used influencers in 2025, providing a benchmark applicable to industrial manufacturing marketers.[54]
  • Across B2B companies, 76% of marketing leaders said creator collaboration helps build brand authenticity in 2025; global survey scope.[54]
  • Across B2B companies, 29% of marketers planned to adopt influencer marketing within the following year in 2025; global survey scope.[54]
  • Among manufacturing marketers using paid channels, 19% used influencer marketing in the 12 months covered by the 2025 outlook survey; global manufacturing, survey conducted June–August 2024.[55]

10 Statistics

Operations & Execution

Execution metrics combine smart factory rollout with quality and yield indicators, such as 120 Schneider Electric smart factories and distribution centers implemented advanced technologies through 2024.

Process optimization in the electrical equipment manufacturing industry

  • 120 Schneider Electric smart factories and distribution centers implemented advanced manufacturing technologies over the six years through 2024.[32]
  • More than 10% of Legrand’s capital expenditure went to Industry 4.0 in 2024, supporting digitalization of its electrical-equipment manufacturing facilities.[56]
  • 5 Schneider Electric smart factories were recognized as World Economic Forum Fourth Industrial Revolution Advanced Lighthouses by 2024.[32]
  • 100% of major product production at Lelon Electronics used quality-control circles, Six Sigma or continuous-improvement initiatives in 2025.[36]
  • 2.56 was the average energy-productivity dispersion measure reported for electrical-equipment manufacturing firms in the OECD’s cross-firm analysis.[1]

Operational efficiency in the electrical equipment manufacturing industry

  • 20.20% was Allis Electric’s year-on-year operating-revenue growth in 2025, driven partly by transformer and electrical-equipment activity.[36]
  • U.S. labor productivity for electrical equipment, appliance and component manufacturing was reported as an annual output-per-hour index by the Bureau of Labor Statistics for 2024.[22]
  • 500 million dollars was invested by ABB across U.S. facilities, research and development and personnel from 2022 through 2024.[26]
  • 13% was the maximum revenue share of any single product category for Olympus in fiscal 2025, indicating a diversified electrical-equipment portfolio.[57]
  • 10,089,963 thousand New Taiwan dollars was Allis Electric’s total operating revenue in 2025, up 20.20% from 2024.[36]

Quality management in the electrical equipment manufacturing industry

  • 98.70% was Lelon Electronics’ average product yield at its Huizhou plant in 2025.[36]
  • 485 defects per million parts was Acbel’s average production-line defect rate in 2025, down from 745 in 2024.[36]
  • 97.82% was Lelon Electronics’ average product yield at its Suzhou plant in 2025.[36]
  • 100% was Acbel’s customer-quality top-ranking achievement rate in 2025.[36]
  • 3 manufacturing-process and operational-control quality cases were recorded by Acbel in 2025, down from 12 in 2024.[36]

Supply chain in the electrical equipment manufacturing industry

  • 23% of Panasonic’s manufacturing-related supplier transactions were in raw materials as of March 31, 2026.[58]
  • 35% of Panasonic suppliers providing parts and materials directly used in manufacturing were located in Japan as of March 31, 2026.[58]
  • 29% of Panasonic suppliers providing parts and materials directly used in manufacturing were located in ASEAN and India as of March 31, 2026.[58]
  • 8,406 supplier improvement measures were agreed by Siemens in fiscal 2024, compared with 5,493 in fiscal 2023.[59]
  • 54% of Panasonic’s manufacturing-related supplier transactions were in machined parts as of March 31, 2026.[58]

Outsourcing / Offshoring in the industrial manufacturing sector (sector benchmark)

  • Across global manufacturing, executives expected offshore facilities to decline to 28% within three years of 2025, while onshore facilities rise to 48%.[60]
  • Across global manufacturing, 56% of executives in 2025 said their organization had invested in nearshoring or a combination of reshoring and nearshoring.[60]
  • Across global manufacturing, 37% of facilities were offshore in 2024, compared with 41% onshore and 22% nearshore.[60]
  • Across EU enterprises sourcing abroad during 2021–2023, 39% outsourced business functions to external providers, while 72% used affiliated enterprises abroad for insourcing.[10]
  • Across global manufacturing, 73% of executives in 2025 believed friendshoring would represent a significant share of future sourcing and production.[60]

11 Statistics

Finance & Pricing

Pricing pressure is quantified with transformer, switchgear, and cable price increases, while company-level margins include Schneider Electric adjusted EBITA margin at 18.7% in 2025.

Pricing strategy in the electrical equipment manufacturing industry

  • 43.0% was the four-year increase in Ontario electrical-equipment manufacturing prices from 2020 to 2024.[61]
  • 49% was the increase in U.S. substation-transformer pricing from 2020 to 2024.[62]
  • 50% was the indexed increase in U.S. medium-voltage switchgear prices between January 2021 and March 2025.[63]
  • 47% was the indexed increase in U.S. circuit-breaker prices between January 2021 and March 2025.[63]
  • 75% was the increase in U.S. power-transformer pricing from 2020 to 2024.[62]

Cost reduction in the electrical equipment manufacturing industry

  • 25.4% was the average decrease reported by manufacturing purchasers whose 2025 capital expenditures declined.[64]
  • 39.4% was Canada’s 2023 manufacturing-intensity ratio for electrical-equipment manufacturing, down from 46.3% in 2022.[65]
  • 5.6% was Schneider Electric’s research-and-development spending as a share of sales in 2025.[32]
  • 23.3% was Schneider Electric’s support-function-cost-to-sales ratio in 2025.[32]
  • 715,686 kWh was the electricity reduction reported by Sinbon Electronics from air-conditioning optimization and related initiatives.[36]

Profitability in the electrical equipment manufacturing industry

  • 18.7% was Schneider Electric’s adjusted EBITA margin in 2025.[32]
  • 111% was Schneider Electric’s 2025 cash conversion from net income.[32]
  • 16.6% was ABB’s fourth-quarter 2025 income-from-operations margin.[26]
  • 19% was ABB’s fourth-quarter 2025 operational EBITA growth rate.[26]
  • €7.520 billion was Schneider Electric’s adjusted EBITA in 2025.[32]

Financial planning in the electrical equipment manufacturing industry

  • 24.6% was the average planned decrease among manufacturing respondents expecting lower capital expenditures in 2024.[64]
  • 10% to 15% was Schneider Electric’s target range for adjusted EBITA organic growth in fiscal 2026.[32]
  • 35% of manufacturing respondents expected higher capital expenditures in 2024.[64]
  • 22% of manufacturing respondents expected lower capital expenditures in 2024.[64]
  • 25% of manufacturing purchasers reported reduced capital expenditures in 2025.[64]

12 Statistics

Product & Service

Service and reference-data scale are visible in data availability and service growth, including 120,000 Schneider Electric commercial product references with environmental data available online by end of 2025.

Product development in the electrical equipment manufacturing industry

  • ABB’s R&D ambition is to increase R&D spending to between 4.5% and 5% of revenue globally.[25]
  • 13.9% of ABB’s R&D workforce were women in 2024.[25]
  • Siemens Smart Infrastructure increased its digital-portfolio revenue by more than 20% in fiscal 2024.[66]
  • 30% of U.S. electrical contractors preferred manufacturer investment in online tools for simpler project management in 2021.[67]
  • More than 50% of ABB’s R&D employees were dedicated to digital and software development in 2024.[25]

Product lifecycle in the electrical equipment manufacturing industry

  • 14 years was the reported mean lifespan for machine tools in a 2021 electrical-equipment lifecycle study.[68]
  • 2–5 years was the estimated lifespan range for personal computers and laptops in a 2019 electrical-equipment review.[69]
  • 17.6 years was the reported mean lifespan for engraving machinery in a 2021 electrical-equipment lifecycle study.[68]
  • 120,000 Schneider Electric commercial product references had environmental data available online by the end of 2025.[32]
  • 9.4 years was the reported mean lifespan for electric lighting fixtures and devices in a 2021 lifecycle study.[68]

After-sales in the electrical equipment manufacturing industry

  • 7% was Siemens Smart Infrastructure’s year-over-year service-business revenue growth in fiscal 2024.[59]
  • €4.556 billion was Siemens Smart Infrastructure’s service-business revenue in fiscal 2024.[59]
  • €4.243 billion was Siemens Smart Infrastructure’s service-business revenue in fiscal 2023.[59]
  • 71% of manufacturing organizations tracked first-contact resolution rates in a 2023 survey.[70]
  • $1.183 billion was Eaton’s reported aftermarket revenue in 2023.[28]

Value proposition in the electrical equipment manufacturing industry

  • $9.8647 billion was 2022 U.S. revenue for motors and generator manufacturing in the industry group.[71]
  • $7.3944 billion was 2022 U.S. revenue for refrigerators and home freezers in the industry group.[71]
  • $4.0961 billion was 2022 U.S. revenue for uninterruptible power supplies in the industry group.[71]
  • $5.7324 billion was 2022 U.S. revenue for commercial, industrial, and institutional electric-lighting fixtures in the industry group.[71]
  • €273 billion was the value of EU electrical-equipment manufacturing production in 2024.[10]

13 Statistics

Sustainability & Ethics

Environmental and ethics metrics are tied to measurable outputs, including Eaton’s 97% landfill diversion in 2025 and Siemens training completion at 91% by fiscal 2024.

Sustainability in the electrical equipment manufacturing industry

  • 97% of Eaton’s waste was diverted from landfill in 2025.[28]
  • 694 million metric tons of customer CO2e emissions had been avoided cumulatively through Siemens offerings by 2025.[72]
  • 21.3% of ABB’s senior-management positions were held by women in 2024.[26]
  • 144 million metric tons of greenhouse-gas emissions were expected to be avoided over their lifetimes by Siemens offerings sold in fiscal 2024.[66]
  • 0.15 was ABB’s lost-time injury frequency rate in 2024.[26]

ESG in the electrical equipment manufacturing industry

  • 7,930 kilotons CO2e were Siemens’ supply-chain emissions in fiscal 2024.[59]
  • 59% was Eaton’s reduction in Scope 3 emissions per dollar of gross profit in 2025.[28]
  • 100% was Siemens’ fiscal-2024 target for training employees on its Business Conduct Guidelines every three years, with 91% achieved by fiscal 2024.[59]
  • 40% was Eaton’s reduction in Scope 1 and 2 emissions in 2025.[28]
  • 100% was Eaton’s supplier-code-of-conduct affirmation rate in 2025.[28]

Ethics in the electrical equipment manufacturing industry

  • 6% of Schneider Electric supplier-audit non-conformances in 2024 concerned ethics.[32]
  • 33% of Schneider Electric supplier-audit non-conformances in 2024 concerned health and safety.[32]
  • 3 years was Siemens’ cycle for training people on its Business Conduct Guidelines by fiscal 2024.[59]
  • 91% was Siemens’ completion rate for Business Conduct Guidelines training by fiscal 2024.[59]
  • 6 topics were covered by Siemens’ updated supplier code in fiscal 2024, including human rights, health and safety, environment, anti-corruption, data protection, and trade controls.[59]

CSR in the electrical equipment manufacturing industry

  • 12 million tons of CO2 was Legrand’s customer-avoided-emissions objective for its 2022–2024 CSR roadmap.[56]
  • 66 million tons of emissions were avoided through ABB products sold in 2024 over their life cycles.[26]
  • 15% was Legrand’s target share of recycled material in product plastics under its 2022–2024 CSR roadmap.[56]
  • More than one-third is Legrand’s 2025–2027 target share of sustainable materials in manufactured products.[56]
  • 0.15 was ABB’s lost-time injury frequency rate in 2024, down from 0.24 in 2019.[26]

Circular economy in the electrical equipment manufacturing industry

  • 14.4 million tonnes of electrical and electronic equipment were placed on the EU market in 2023.[10]
  • 5.2 million tonnes of WEEE were collected in the EU in 2023.[10]
  • 37.5% was the EU WEEE collection rate in 2023.[10]
  • 5.2 million tonnes of WEEE were treated in the EU in 2023.[10]
  • 81% of ABB operational waste was recycled in 2025.[27]

Carbon footprint in the electrical equipment manufacturing industry

  • 34.7% was the modeled abatement potential for transmission and substation equipment through lower-carbon materials and compact GIS design.[73]
  • 69% of cradle-to-gate embodied emissions for U.S. electrical equipment, appliances, and components were Scope 3 in 2018.[74]
  • 0.1 million metric tons CO2e were reported by U.S. electrical-equipment manufacturers in 2023.[75]
  • 53% of Legrand’s Scope 1 and 2 emissions were reduced over the three years ending 2024.[56]
  • 6.1 million metric tons CO2e were emitted by the U.S. electronics subsector in 2017, including semiconductor, LED, MEMS, LCD, and photovoltaic facilities.[74]

15 Statistics

Globalization & Expansion

Trade scale and procurement footprints provide context, including $3.47 trillion of electrical and electronic equipment traded worldwide in 2024 and Eaton’s acquisition value of $13 billion in 2025.

Globalization in the electrical equipment manufacturing industry

  • $3.47 trillion of electrical and electronic equipment was traded worldwide in 2024, representing 15% of all goods trade across 226 exporting and importing nations.[86]
  • 57.56% of India’s electrical equipment exports in fiscal 2024 went to the United States, Singapore and the United Kingdom.[87]
  • $238 billion was Mexico’s 2024 international trade exchange in electrical and electronic equipment, including $107 billion of exports and $131 billion of imports.[88]
  • 35 billion euros of goods and services were purchased by Siemens from suppliers in more than 140 countries in fiscal 2024.[59]
  • Electrical equipment exports from the United States, Mexico and Canada made Mexico the leading U.S. electroindustry export partner in 2023.[89]

Cultural adaptation in the electrical equipment manufacturing industry

  • 100% of Schneider Electric country and zone presidents defined three local sustainability commitments for their communities during the company’s 2021–2025 program.[90]
  • 82% was Hitachi’s local materials-procurement ratio in the Americas in fiscal 2023.[91]
  • 37% of Schneider Electric’s 2024 workforce was located in Asia Pacific, compared with 25% in Western Europe, 26% in North America and 12% elsewhere.[32]
  • 81% was Hitachi’s local materials-procurement ratio in Asia excluding China and Japan in fiscal 2023.[91]
  • Approximately 60 Southeast Asian procurement partners attended Hitachi’s regional sustainability procurement seminar in fiscal 2023.[91]

Supplier management in the electrical equipment manufacturing industry

  • 4,348 Schneider Electric suppliers received on-site or remote audits under the company’s 2021–2025 vigilance plan.[32]
  • 72% of ABB’s 2024 materials and services spend was on direct and raw materials, 22% on indirect materials and services, and 6% on transport, trade and logistics.[25]
  • 63% of Schneider Electric’s strategic suppliers provided decent work to their employees in 2024.[32]
  • Approximately 1,400 Schneider Electric suppliers were identified as high risk for the annual on-site audit program.[32]
  • Approximately 67,500 suppliers in more than 140 countries supplied Siemens in fiscal 2024.[59]

Stakeholder management in the electrical equipment manufacturing industry

  • 12 million dollars were Eaton’s charitable contributions in 2024.[28]
  • 74% was Schneider Electric’s 2024 revenue-growth KPI under its Sustainability Impact program.[32]
  • 83% was Schneider Electric employees’ confidence level in reporting unethical conduct in 2024.[32]
  • 84% was Eaton’s employee-engagement rating in 2024.[28]
  • 13 hours was Eaton’s average employee training time in 2024.[28]

Distribution channels in the electrical equipment manufacturing industry

  • One million partners in more than 100 countries were connected to Schneider Electric’s energy-technology distribution and partner ecosystem in 2025.[32]
  • Electrical distribution equipment was purchased directly by end users and through EPCs and service providers in the U.S. market in 2025.[57]
  • More than 240 participants from over 100 companies and 20 countries attended ABB’s electrical-distributor convention in 2023.[26]
  • 36% of Schneider Electric’s 2024 revenue came from North America, 27% from Asia Pacific, 24% from Western Europe and 13% from the rest of the world.[32]
  • 30% of Mersen Electrical segment revenue came through broadline or specialty distributors in 2014.[92]

Key questions about the electrical equipment manufacturing industry

What was the electrical equipment market size in 2025?
The global electrical equipment market reached $1.75 trillion in 2025, and the market size was valued at $1.752 trillion in 2025.
How fast is the market expected to grow through 2030?
The global electrical equipment market is projected to grow at a 6.1% CAGR through 2030, reaching $2.340 trillion by 2030.
Which companies lead the electrical equipment manufacturing industry?
Eaton stands out for power-management equipment because it manufactures power-management equipment for grids, buildings, factories and data centers, while Schneider Electric focuses on energy management and industrial automation since it reported 2025 growth in Energy Management and Industrial Automation.
What AI adoption levels are reported among electrical equipment manufacturers in 2026?
In the United States, 29.4% of electrical-equipment, appliance and component manufacturers used AI during July–September 2026.
Is the supplier base concentrated or fragmented?
The industry is fragmented globally: the available market source lists more than 20 named companies, indicating it is not controlled by a small number of firms.
What pricing and lead-time constraints affect purchasing?
Cable costs had nearly doubled since 2019 and power-transformer prices had risen by around 75%, while procurement times for essential grid components almost doubled since 2021.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Electrical Equipment Manufacturing Industry Statistics. Gitnux. https://gitnux.org/electrical-equipment-manufacturing-industry-statistics
MLA
Samuel Norberg. "Electrical Equipment Manufacturing Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/electrical-equipment-manufacturing-industry-statistics.
Chicago
Samuel Norberg. 2026. "Electrical Equipment Manufacturing Industry Statistics." Gitnux. https://gitnux.org/electrical-equipment-manufacturing-industry-statistics.

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