Gitnux/Report 2026

Electrical Products Industry Statistics

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Electrical Products Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The electrical products industry at a glance

The global electrical equipment market was valued at $1.66 trillion in 2025 and is forecast to reach $4.15 trillion by 2034, while U.S. industry employment reached 446,300 in September 2026.

$1.66T[90]
Global market size, 2025
10.8%[90]
Forecast CAGR, 2026–2034
446,300[37]
U.S. employment, Sep. 2026
$145.2B[91]
U.S. shipments, Jan–Aug 2026
Market size
The global electrical equipment market was valued at $1.66 trillion in 2025. In the United States, shipments of electrical equipment, appliances, and components totaled $145.2 billion in the first eight months of 2026, up 6.0% from the same period of 2025.[90][91]
Forecast & CAGR
The global market is forecast to grow from $1.82 trillion in 2026 to $4.15 trillion by 2034, representing a projected compound annual growth rate of 10.8%.[90]
Market share & regions
Asia-Pacific was the largest regional market in 2025, while Western Europe was identified as the fastest-growing region in the available 2025–2030 forecast. The source does not provide a comparable percentage share for each region.[92]
Segmentation
U.S. electrical-product shipments are reported across categories including electrical equipment, batteries, household appliances, and electric lighting equipment. During January–August 2026, shipments were $34.7 billion for electrical equipment, $33.4 billion for batteries, $14.9 billion for household appliances, and $11.0 billion for electric lighting equipment.[91]
Pricing
The U.S. producer price index for electrical machinery and equipment increased 13.5% year over year in August 2026, with a 0.5% increase from July. Import prices for electrical equipment, appliance, and component manufacturing rose 0.6% year over year in September 2026.[37]
Trends, drivers & challenges
Growth is being supported by investment in data centers, renewable-energy integration, electric vehicles, batteries, smart grids, and industrial automation. In the United States, electrical-equipment shipments rose 6.0% year to date through August 2026, while employment in the subsector reached 446,300 in September 2026.[90][91][37]
Regulation
The European Union is implementing the Ecodesign for Sustainable Products Regulation, including horizontal measures on repairability and recycled content for electrical and electronic equipment. Regulation (EU) 2025/2052 introduces ecodesign requirements for external power supplies and certain charging equipment placed on the EU market, with requirements applying from 2028.[93][94]
Latest news
In August 2026, Industrial Electric Mfg. announced a $200 million power-equipment factory in San Antonio, focused on distribution systems for data centers, health care, energy, and advanced manufacturing. The project was described as the largest job-producing investment in the San Antonio area in more than two decades.[95]

02 Ranking

Top 10 Companies in the Electrical Products Industry

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

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Amphenol leads Gitnux's 2026 electrical products ranking with an Overall score of 9.4, with revenue growth 52%. Schneider Electric is the highest-ranked electrification and automation provider at 9.2, backed by R&D at 5.6% of revenue.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in electrical connectivity

    Amphenol

    US

    Ranked #1 · 9.4 · Electrical connectivity

    Why we picked it: Its connectors, sensors and antennas segment aligns with interconnect and sensing demand.

    See in ranking ↓Visit amphenol.com ↗

  2. Leader in electrification automation

    Schneider Electric

    FR

    Ranked #2 · 9.2 · Electrification automation

    Why we picked it: Its electrification, automation and energy management portfolio supports smart grids and automation.

    See in ranking ↓Visit se.com ↗

  3. Leader in power management systems

    Eaton

    IE

    Ranked #3 · 9.1 · Power management systems

    Why we picked it: Its power management and electrical systems fit grid modernization and renewable integration demand.

    See in ranking ↓Visit eaton.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 products industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Amphenol

Electrical connectivity · US

9.4
2

Schneider Electric

Electrification automation · FR

9.2
3

Eaton

Power management systems · IE

9.1
4

Legrand

Building electrical infrastructure · FR

9.0
5

Vertiv

Data center infrastructure · US

9.0
6

Prysmian

Power and telecommunications cables · IT

8.9
7

ABB

Electrification, motion and industrial automation · CH

8.7
8

Phoenix Contact

Industrial connectivity and automation components · DE

8.4
9

WEG

Motors, generators, transformers and automation · BR

8.3
10

Mitsubishi Electric

Electrical, industrial and building equipment · JP

8.3

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 11, 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 11). Top 10 companies in the electrical products industry. In Electrical Products Industry Statistics. Gitnux. https://gitnux.org/electrical-products-industry-statistics/#top-companies

report visual · Projection

UK manufacture of electrical equipment production output, total

UK manufacture of electrical equipment production output, total grew from 12,399.2 GBP million in 2020 to 17,847.8 GBP million in 2025.

12.4K GBP million
Start
+7.56%
CAGR · 5y
17.9K GBP million
Projected
20202025
source-verifiedons.gov.uk2025

04 Statistics

Technology & Innovation

AI adoption and automation investment show up across distributors and manufacturing surveys, with 15 percentage points YoY AI usage growth in 2024 and 95% of engineers expecting reshaping in product design.

AI in the electrical products industry

  • 15 percentage points was the year-over-year increase in electrical and fastener distributors using AI in at least one business activity in 2024.[1]
  • 82% of surveyed electronics engineers had deployed or were building AI products, according to Avnet’s survey of 1,200 engineers.[2]
  • 40% of electrical distributors reported AI adoption in 2025, according to industry discussions at the IDEA E-Biz Conference.[3]
  • 50% of Foxconn’s global AI-server market share is the company’s medium-term target, compared with about 40% currently reported in November 2026.[4]
  • 78% of manufacturers said their AI initiatives were part of the company’s overall digital-transformation strategy in 2024.[5]
  • 95% of electronics engineers said AI was somewhat to extremely likely to reshape multiple parts of product design, according to Avnet’s survey.[2]

Automation in the electrical products industry

  • Nearly 100% of surveyed U.S. industrial companies planned new automation investments in the 2025 U.S. Automation Index.[1]
  • 25% was the electrical and electronics industry’s share of global industrial-robot demand in 2024.[6]
  • 25% of industrial robots were sold to the electrical and electronics industry, making it the second-largest customer industry in 2024.[6]

Digital Transformation in the industrial manufacturing sector (sector benchmark)

  • 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.[8]
  • 24% of companies across the European Industrial Ecosystem had a concrete digital-transformation strategy in 2024.[9]
  • 76% of industrial-manufacturing firms across 26 countries reported that their workforce had an appetite to embrace cutting-edge technology in 2024.[7]

Technology Adoption in the industrial manufacturing sector (sector benchmark)

  • 37% of industrial-manufacturing organizations were proactive in advancing AI and automation strategies in 2024.[10]
  • 31% of industrial-manufacturing organizations were proactive in advancing modern-delivery technologies, including low-code and no-code, in 2024.[10]
  • 35% of industrial-manufacturing organizations were proactive in advancing data-and-analytics strategies in 2024.[10]
  • 30% of industrial-manufacturing organizations were proactive in advancing edge-computing strategies in 2024.[10]

Cloud Computing in the industrial manufacturing sector (sector benchmark)

  • 39% of industrial-manufacturing organizations were proactive in advancing XaaS technologies, including public and multicloud, in 2024.[10]
  • 87% of Australian manufacturing enterprises used cloud computing in 2022.[11]
  • 87% of Finnish manufacturing enterprises used cloud computing in 2023.[11]
  • 54% of EU manufacturing enterprises used paid cloud-computing services in 2025, up from approximately 45% in 2023.[12]

Big Data in the industrial manufacturing sector (sector benchmark)

  • 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.[13]
  • 28% of manufacturing survey respondents were implementing big-data processing in 2024.[14]
  • 44% of manufacturing leaders reported that the amount of data their organizations collected had at least doubled over the previous two years in 2024.[15]
  • 16.2% of businesses in the European Industrial Ecosystem used big-data technologies in 2024.[9]
  • 57% of manufacturers used some form of artificial intelligence to analyze collected manufacturing data in 2024.[16]
  • 70% of manufacturers still collected data manually in 2024, according to a Manufacturing Leadership Council survey reported by the National Association of Manufacturers.[17]

IoT in the industrial manufacturing sector (sector benchmark)

  • 11.1% of businesses in the European Industrial Ecosystem used Internet of Things technologies in 2023.[9]
  • 35% of manufacturing companies in a Productivity Institute sample had adopted Internet of Things technology, with geography not specified by the source.[18]
  • 27.6% of businesses in the European Industrial Ecosystem used Internet of Things technologies in 2024.[9]

05 Statistics

Data & Analytics

The section quantifies analytics maturity gaps: 44% of AI projects failed in 2025 due to poor data quality, and 51% of manufacturers reported data siloing across disparate tools.

Business intelligence in the electrical products industry

  • 41.34% of companies in the electronics industrial ecosystem had adopted another surveyed digital technology in 2024, according to the EMI survey chart.[19]
  • 80% of electronics-industry professionals considered data-driven capabilities a top organizational priority in Supplyframe’s 2024 survey.[20]
  • 36% of electronics-industry professionals identified cost, supply, quality, new-product-introduction sourcing and technology as significant challenges.[20]
  • 33% of electronics-ecosystem companies had a concrete digitalisation strategy in the 2024 EMI survey.[19]
  • 60% of electronics-industry survey respondents manually pulled data for a sourcing event lasting at least two weeks.[20]
  • 47.49% of companies in the electronics industrial ecosystem had adopted the surveyed digital strategy or technology in 2024, according to the EMI survey chart.[19]

Data analytics in the electrical products industry

  • 75% of organizations using predictive models had more than 1,000 employees in Lasso’s manufacturing survey.[21]
  • 20% of surveyed small and midsized manufacturers used analytics to identify trends and improve planning, forecasting or process optimization.[21]
  • 8% of surveyed small and midsized manufacturers used predictive modelling analytics.[21]
  • 3.4 out of 5 was the analytics-utilization score for electronic manufacturing in Lasso’s 2026 survey of U.S. small and midsized manufacturers.[21]
  • 26% of surveyed small and midsized manufacturers regularly used analytics to monitor operations and identify issues.[21]
  • 50% of manufacturers in ABI Research’s survey could identify the root cause of operational issues using their analytics capabilities.[13]

Data Quality in the industrial manufacturing sector (sector benchmark)

  • 44% of manufacturers surveyed reported that AI projects had failed because of poor data quality in 2025.[22]
  • 30% of manufacturers identified poor data quality as a technical barrier to improving processes in 2025.[23]
  • 41% of manufacturers surveyed distrusted the data used for supply-chain operations in 2025.[22]
  • 61% of manufacturing leaders agreed that poor data quality limited adoption and optimization of emerging technologies in 2025.[23]
  • 51% of manufacturers surveyed said their data was siloed across disparate tools and systems in 2025.[22]
  • 54% of manufacturers surveyed had duplicate data in several systems in 2025.[22]

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.[16]
  • 22% of manufacturers surveyed included data collection, management or analysis in executive incentives, KPIs or business imperatives in 2024.[16]
  • 58% of manufacturers surveyed assigned primary data-governance responsibility to a C-suite or senior leader in 2024.[16]
  • 61% of manufacturers surveyed had a corporate-wide governance plan, strategy or formal data-management guidelines in 2024.[16]

KPIs in the electrical products industry

  • 71% of manufacturers tracked cost to serve, while 42% exceeded their goals for that metric.[24]
  • 71% of manufacturers tracked customer-service resolution time, while 42% exceeded their goals for that metric.[24]
  • 75% of manufacturers tracked customer satisfaction, while 44% exceeded their goals for that metric.[24]
  • 66% of manufacturers tracked first-contact resolution rates, while 40% exceeded their goals for that metric.[24]
  • 73% of manufacturers tracked warranty-claim rates, while 39% exceeded their goals for that metric.[24]
  • 75% of manufacturers tracked customer-retention rates, while 43% exceeded their goals for that metric.[24]

06 Statistics

Strategy & Growth

This section ties growth actions to concrete moves like R&D shifts and acquisitions. It also gives trade context, including $56.9 billion for Brazil’s electrical and electronics foreign trade in 2025.

Growth in the electrical products industry

  • $26.5 billion was Brazil’s electrical-and-electronic-components foreign-trade total in 2025.[25]
  • Electrical-and-electronic-components trade in Brazil rose from $21.1 billion in 2018 to $26.5 billion in 2025.[25]
  • $7.7 billion was Brazil’s industrial-equipment foreign-trade total in 2025.[25]
  • $56.9 billion was Brazil’s electrical and electronics foreign-trade total in 2025.[25]
  • ABB increased R&D spending by approximately 40% between 2020 and 2024.[26]
  • $4.4 billion was Brazil’s generation, transmission, distribution and storage foreign-trade total in 2025.[25]

Differentiation in the electrical products industry

  • $386 million was ABB’s net cash outflow for Siemens’ Chinese wiring-accessories business in 2025.[26]
  • Approximately two million products were offered by Graybar in 2025, supporting breadth-based differentiation in electrical distribution.[27]
  • 20,000 marketed product lines were available through NHP under Socomec’s Australian and New Zealand distribution partnership.[28]
  • $81 million was ABB’s net cash outflow for Gamesa Electric’s power-electronics business in Spain in 2025.[26]
  • ABB aims to raise R&D spending to 4.5%–5% of revenue to support differentiated electrical and automation products.[26]
  • More than 100,000 products were stocked in Graybar warehouses in 2025 for local availability.[27]

Mergers and acquisitions in the electrical products industry

  • $723 million was spent by ABB on six acquisitions in 2025.[26]
  • $581 million was spent by ABB on seven acquisitions in 2024.[26]
  • Five branches were operated by Warshauer when Rexel acquired the U.S. electrical distributor in 2025.[29]
  • $2.04 billion was Quanta Services’ aggregate consideration for Cupertino Electric in 2024.[27]
  • $868.6 million was EMCOR’s cash consideration for Miller Electric in 2025.[27]
  • €252.3 million was Rexel’s total consideration for acquisitions completed in 2025.[29]

Strategic partnerships in the electrical products industry

  • 49% of Jiangsu Ryan Electrical was acquired by Eaton in 2023 for power-distribution and sub-transmission transformers in China.[30]
  • $148 million was invested by ABB in Sensorfact to expand AI-enabled energy-management solutions in 2025.[26]
  • 20,000 product lines were covered by Socomec’s partnership with NHP in Australia and New Zealand.[28]
  • January 1, 2025 was the effective date of Socomec’s exclusive electrical-products distribution partnership with NHP in Australia and New Zealand.[28]
  • $386 million was invested by ABB in the Siemens wiring-accessories business in China to broaden regional customer offerings in smart buildings.[26]
  • Eaton and Treehouse formed a 2024 collaboration covering home EV charging, energy storage and heat-pump electrification in the United States.[31]

07 Statistics

People & Workforce

Workforce indicators emphasize training time and engagement. It reports ABB average employee training time of 8.4 hours in 2024 and 11.5 hours in 2025.

Hiring in the electrical products industry

  • 9,100 people were hired by Siemens in Asia and Australia in fiscal 2024.[32]
  • 11,500 people were hired by Siemens in the Americas in fiscal 2024.[32]
  • 35,700 people were hired by Siemens globally in fiscal 2024.[32]
  • 15,100 people were hired by Siemens in EMEA in fiscal 2024.[32]
  • 16.9% was Siemens’ hiring rate in the Americas in fiscal 2024.[32]

Employee retention in the electrical products industry

  • 82/100 was ABB’s inclusion score in its 2025 employee engagement survey, a two-point increase from the prior year.[33]
  • Rockwell Automation reported broadly flat attrition in fiscal 2024 compared with fiscal 2023.[34]
  • 14% was ABB’s employee turnover rate in 2024, down from 15% in 2023.[26]
  • 92,000 ABB employees participated in the company’s 2025 employee engagement survey, representing 85% of its workforce.[33]
  • 15,538 ABB employees left the company during 2024.[26]

Remote Work in the industrial manufacturing sector (sector benchmark)

  • 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.[35]
  • Across U.S. manufacturing, 19% of workers worked remotely, including hybrid and fully remote arrangements, during October 2023–September 2024.[36]
  • Across U.S. manufacturing, teleworked hours represented 12.2% of total hours worked in 2025.[37]
  • Across U.S. manufacturing, 36.9% of workers could work at home and 33.3% actually did so during 2024–2025.[37]

Hybrid Work in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing employers, 80% said their organizations were still struggling to balance hybrid working in 2025.[38]
  • Across manufacturing companies, 79% operated a hybrid model for non-production employees in 2025.[39]
  • Across manufacturing companies, the average required office attendance reached 2.82 days per week in the second quarter of 2025.[39]
  • Across manufacturing employers, 67% identified productivity as a key factor driving pressure to return to the office in 2025.[38]
  • Across manufacturing companies, 17% were fully back in the office for non-production employees in 2025.[39]

Upskilling in the electrical products industry

  • 8.4 hours per FTE was ABB’s average employee training time in 2024.[33]
  • 36.6 hours was Siemens employees’ average training time in 2025.[40]
  • 45,000 ABB employees participated in Learn Connect Grow Day events in 2025.[33]
  • 180,398 learning hours were completed by Siemens Mobility UK employees in 2024.[41]
  • 11.5 hours per FTE was ABB’s average employee training time in 2025.[33]

Employee Engagement in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing companies, 41% identified employee recognition as a high priority in 2024.[42]
  • Across manufacturing companies, 70% of respondents said most non-frontline employees were engaged in their jobs in 2023.[8]
  • Across manufacturing companies, 48% of respondents said most frontline workers were engaged in their jobs in 2023.[8]
  • Across manufacturing, distribution and storage organizations, the average employee-engagement score was 72.9% in 2026.[43]
  • Across manufacturing companies, 25% of respondents did not know whether their frontline workforce was engaged in 2023.[8]

DEI in the electrical products industry

  • 32% of Rockwell Automation employees were women at September 30, 2024.[34]

08 Statistics

Customer & Sales

Customer-experience figures highlight demand-side sensitivity: 90% of global electronics consumers were likely to recommend after a 5-star experience in 2023, while 50% were likely to purchase more after a 1- or 2-star experience.

Customer experience in the electrical products industry

  • 90% of global electronics consumers were likely to recommend a company after a 5-star experience in 2023.[44]
  • 30.9% of manufacturers identified improving customer attraction or retention as a leading customer-experience initiative.[45]
  • 42.1% of manufacturers identified increasing sales or revenue as a leading customer-experience initiative.[45]
  • 25.7% of manufacturers identified improving or maintaining competitive advantage as a leading customer-experience initiative.[45]
  • 20.7% of manufacturers identified expanding into new markets, segments or geographies as a leading customer-experience initiative.[45]

Customer retention in the electrical products industry

  • 19.5% of manufacturers cited increasing after-sales product or service profits as a customer-experience priority.[45]
  • 50% of global electronics consumers were likely to purchase more from a company after a 1- or 2-star experience in 2023.[44]
  • 53% of recent electronics buyers identified product quality as their top reason for staying with a brand.[46]
  • 30.9% of manufacturers cited customer attraction or retention as a customer-experience priority.[45]
  • 66% of global electronics consumers were likely to purchase more from a company after a 3-star experience in 2023.[44]

Customer acquisition in the electrical products industry

  • 39% of U.S. solar installers frequently used direct sales and advertising for customer acquisition in 2023.[47]
  • 26% of U.S. solar installers frequently used purchased leads for customer acquisition in 2023.[47]
  • 12% of U.S. solar installers frequently used door-to-door selling for customer acquisition in 2023.[47]
  • 44% of U.S. solar installers frequently used online marketplace platforms for customer acquisition in 2023.[47]
  • 74% of U.S. solar installers frequently used referrals as a customer-acquisition channel in 2023.[47]

Customer loyalty in the electrical products industry

  • 50% of electronics buyers relied on brand recognition when navigating product choice in a 2026 U.S. survey.[46]
  • 22% of electronics buyers cited bad personal experiences as a factor affecting brand choice in 2026.[46]
  • 4.3 times as many electronics promoters as detractors were likely to trust the brand.[44]
  • 3.8 times as many electronics promoters as detractors were likely to forgive a brand after a mistake.[44]
  • 44% of electronics buyers relied on customer reviews when navigating product choice in a 2026 U.S. survey.[46]

Lead generation in the electrical products industry

  • 400% of the lead-generation target was achieved in a Voltimum campaign for arc-fault detection devices.[48]
  • 50 qualified leads was the original target for the Voltimum arc-fault detection device campaign.[48]
  • 633 monthly visits was the typical organic-search traffic level for electrical and power-equipment businesses in the study.[49]
  • 18% of DACH electronics and electrical engineering companies were represented in the benchmark study’s industry sample.[50]
  • 212 keywords was the typical search ranking footprint for electrical and power-equipment businesses in the study.[49]

09 Statistics

Marketing & Brand

Brand and marketing metrics focus on content mix and conversion. The average website-to-lead conversion rate on electronics and electrical engineering product pages in a DACH study was 1.2%.

Marketing in the electrical products industry

  • 39% of building and construction products businesses in the same study were represented in the reported marketing category.[49]
  • 30% of building and construction products businesses in the same study were represented in the second reported marketing category.[49]
  • 31% of electrical and power-equipment businesses in the study fell into the third reported marketing-performance category.[49]
  • 26% of electrical and power-equipment businesses in the study fell into the second reported marketing-performance category.[49]
  • 85% of electrical and power-equipment businesses in the study had the reported marketing capability shown in the source table.[49]

Digital marketing in the electrical products industry

  • 77.8% of Q3 2026 electronics-brand social-media engagements came from video content.[51]
  • 1.2% was the average website-to-lead conversion rate on electronics and electrical engineering product pages in a DACH study.[50]
  • 32.8% of Q3 2026 electronics-brand social-media engagements came from TikTok.[51]
  • 21.1% of Q3 2026 electronics-brand social-media engagements came from Instagram.[51]
  • 35% of electrical and power-equipment businesses in a B2B manufacturing study ran paid media.[49]

Branding in the electrical products industry

  • 95% of U.S. consumers recognized Apple in YouGov’s 2025 consumer-electronics rankings.[52]
  • 46% of U.S. consumers considered Samsung in YouGov’s 2025 consumer-electronics rankings.[52]
  • 94% of U.S. consumers recognized the iPhone in YouGov’s 2025 consumer-electronics rankings.[52]
  • 48% was Samsung’s consideration-to-awareness conversion rate among U.S. consumers in 2025.[52]
  • 96% of U.S. consumers recognized Samsung in YouGov’s 2025 consumer-electronics rankings.[52]

Social media in the electrical products industry

  • 35% of U.S. electrical contractors used LinkedIn for work in 2023.[53]
  • 34% of U.S. electrical contractors used Facebook for work in 2023.[53]
  • 32% of U.S. electrical contractors used social media to network with others in the industry in 2023.[53]
  • 34% of U.S. electrical contractors used social media to get industry news in 2023.[53]
  • 33% of U.S. electrical contractors used social media to keep up with industry trends in 2023.[53]

Influencer Marketing in the industrial manufacturing sector (sector benchmark)

  • Across B2B companies, 55% of marketers used influencers in 2025, providing a benchmark applicable to industrial manufacturing marketers.[54]
  • Across B2B companies, 29% of marketers planned to adopt influencer marketing within the following year in 2025; global survey scope.[54]
  • Across B2B companies, 76% of marketing leaders said creator collaboration helps build brand authenticity in 2025; global survey scope.[54]
  • Across B2B companies, 43% of marketers planned to increase influencer investment in the following year in 2025; global survey scope.[54]
  • Across B2B companies, 28% ranked thought leaders or industry analysts as the most effective influencer type in 2025; global survey scope.[54]

10 Statistics

Operations & Execution

Execution metrics link process change to throughput and cycle-time gains. It cites Teradyne reducing engineering-change-order cycle time from 90 days to 14 days after redesign.

Process optimization in the electrical products industry

  • 70% was Teradyne’s engineering-change-order rejection rate before process optimization, compared with 26% after the redesign.[55]
  • 57% of surveyed manufacturers expected significant manufacturing cost savings from digital transformation, according to a 2024 Siemens electronics and industrial manufacturing survey.[55]
  • 4% was the improvement in project-schedule performance reported for Teradyne after its engineering-change process transformation, from a 7.5% slip rate to a 4% improvement.[55]
  • 24% was the fiscal-2024 increase in Siemens Digital Industries software revenue, supporting the division’s shift toward software-enabled industrial process optimization.[32]
  • 84% was the reduction in engineering-change-order cycle time at Teradyne, from 90 days to 14 days, after an electronics manufacturing process redesign in 2024.[55]

Operational efficiency in the electrical products industry

  • 8.0% was the 2024 output increase in U.S. electrical equipment and appliances manufacturing.[37]
  • 38.8% was the year-over-year increase in electrical-distribution-equipment sales during the six months ended December 31, 2025.[27]
  • 10.5% was the 2024 increase in unit labor costs in U.S. electrical equipment and appliances manufacturing.[37]
  • 99.6% of cost of revenues at the same electrical-distribution-equipment company came from product purchases in fiscal 2024.[27]
  • 99.2% of cost of revenues at an electrical-distribution-equipment company came from product purchases in fiscal 2025.[27]

Quality management in the electrical products industry

  • 30%–50% were reported defect rates in some alternative sourcing hubs for electrical and electronics products in 2025.[56]
  • 26% was Teradyne’s engineering-change-order rejection rate after implementing an integrated electronics product-data process in 2024.[55]
  • 16.8% was the decline since 2019 in China’s share of U.S. audio-visual equipment imports.[56]
  • 15.3% was the decline since 2019 in China’s share of U.S. electrical and electronics product imports, increasing the importance of supplier-quality controls across diversified sourcing networks.[56]
  • 70% was Teradyne’s engineering-change-order rejection rate before its electronics process redesign.[55]

Supply chain in the electrical products industry

  • 5.4% was the increase in electrical-product import weight between 2019 and 2024, covering appliances, HVAC, lighting, tools and audio-visual equipment.[56]
  • 90% or more of U.S. electric utilities purchase distribution transformers directly from manufacturers, excluding many rural cooperatives.[57]
  • 1.5 million distribution transformers were shipped by U.S. manufacturers in 2021, according to the U.S. Department of Energy estimate cited by Congress.[57]
  • 104% was the increase in U.S. space-sector unfilled orders for electrical equipment and components from a 2019 average of $25.2 billion to $51.4 billion in 2024.[8]
  • 1.7% was the increase in electronics-product import weight between 2019 and 2024.[56]

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

  • Across global manufacturing, 56% of executives in 2025 said their organization had invested in nearshoring or a combination of reshoring and nearshoring.[58]
  • Across global manufacturing, executives expected offshore facilities to decline to 28% within three years of 2025, while onshore facilities rise to 48%.[58]
  • Across global manufacturing, 37% of facilities were offshore in 2024, compared with 41% onshore and 22% nearshore.[58]
  • Across global manufacturing, 73% of executives in 2025 believed friendshoring would represent a significant share of future sourcing and production.[58]
  • Across EU enterprises engaged in international sourcing during 2021–2023, 37% operated in manufacturing, the largest sector share among sourcing enterprises.[12]

11 Statistics

Finance & Pricing

Pricing and margin signals remain central. The section reports the U.S. electrical-equipment context for manufacturing pricing, alongside Siemens Digital Industries profit margin of 18.9% for fiscal 2024.

Pricing strategy in the electrical products industry

  • 91% of fiscal-2025 revenue came from custom products and powertrain solutions at a U.S. electrical-distribution-equipment manufacturer, supporting a value-based pricing model.[27]
  • 29% was the forecast compound annual growth rate from 2025 to 2030 for electrical-distribution-equipment sales to data centers at a U.S. electrical-equipment company.[27]
  • 8%–15% was the expected 2024 price-increase range for construction materials and equipment, with electrical gear identified as the most challenging category.[59]
  • 5.0% was the forecast 2023–2028 compound annual growth rate for the U.S. electrical-components market.[60]
  • 40% was the approximate 2020–2024 increase in U.S. distribution-transformer and large-power-transformer producer prices.[57]

Cost reduction in the electrical products industry

  • 99.2% of fiscal-2025 cost of revenues consisted of purchased electrical-distribution products, identifying procurement as the primary cost-reduction lever.[27]
  • 230 basis points was the 2024 increase in ESI Electronics gross margin, reaching 41.8%.[27]
  • 37.2% was the fiscal-2025 increase in third-party electrical-distribution-equipment cost of revenues at the reporting company.[27]
  • 60% was the reduction in electronics engineering-change-order implementation cost achieved by Teradyne after deploying integrated product-lifecycle processes.[55]
  • $2 million was the annual productivity saving reported by Teradyne after streamlining engineering documentation, parts management and change orders.[55]

Profitability in the electrical products industry

  • 18.9% was Siemens Digital Industries’ fiscal-2024 profit margin.[32]
  • 4.6% was GE Vernova’s net-income margin in the fourth quarter of 2024.[27]
  • 18.1% was ABB’s 2024 operational EBITA margin, a record level for the company’s reporting period.[26]
  • 30.2% was Eaton’s 2024 operating margin, up from 26.5% in 2023.[61]
  • 10.2% was GE Vernova’s adjusted EBITDA margin in the fourth quarter of 2024.[27]

Financial planning in the electrical products industry

  • 20% or more is ABB’s annual return-on-capital-employed target under its 2025 financial framework.[33]
  • 1%–2% is ABB’s expected average annual contribution from acquisitions to growth under its financial plan.[33]
  • 95% or more is ABB’s target for annual free-cash-flow conversion to net income.[33]
  • 18%–22% is ABB’s target range for annual operational EBITA margin.[33]
  • 5%–7% is ABB’s target for average comparable revenue growth through the economic cycle, excluding foreign exchange, acquisitions and divestments.[33]

12 Statistics

Product & Service

The section documents service readiness and end-of-life behavior. It reports 95% of appliance repair requests were actually repaired in Europe in 2023.

Product development in the electrical products industry

  • 208 development employees were reported by Japanese consumer-electronics companies, compared with 12 in the UK and 19 in North America.[62]
  • 5.7% of sales was spent on R&D by Japanese consumer-electronics companies, compared with 4.8% in the UK and 5.7% in North America.[62]
  • 162 consumer-electronics development projects were started in Japan during the previous three years, compared with 25 in the UK and 16 in North America.[62]
  • 430 patents per company were registered during the previous three years by Japanese consumer-electronics firms, compared with 0.9 in the UK and 13.9 in North America.[62]
  • 84.7% of Japanese consumer-electronics sales came from products launched within the previous two years, compared with 68.8% in the UK and 44.5% in North America.[62]

Product lifecycle in the electrical products industry

  • 3% per year was the reported increase in average hi-tech-appliance lifespans in Europe over the EEA’s observed period.[63]
  • 74.7 million tonnes of global e-waste are projected for 2030, up from 59.4 million tonnes in 2022 in the cited market estimate.[64]
  • 62 million tonnes of electronic waste were generated globally in 2022.[65]
  • 95% of appliance repair requests were actually repaired in Europe in 2023.[66]
  • 276.5 million repaired appliance units were placed on the European market in 2023.[66]

After-sales in the electrical products industry

  • 54% of global white-goods consumers did not purchase installation services, according to McKinsey’s consumer survey.[67]
  • 87% of last-mile distributors selling productive-use appliances offered warranties in 2023.[68]
  • 65% of global white-goods consumers did not purchase a warranty, according to McKinsey’s consumer survey.[67]
  • 85% of SolarAid repair customers in Zambia said they would consider paying for repair services again.[68]
  • 83% of surveyed last-mile distributors offered warranties in 2023, down from 87% in 2021.[68]

Value proposition in the electrical products industry

  • 82 was the 2024 U.S. household-appliance customer rating for mobile-app quality on ACSI’s 0–100 scale.[69]
  • 27% of U.S. business electricity customers reported proactive outreach from their utility in 2024.[70]
  • 81 was the 2024 U.S. household-appliance customer rating for warranty coverage on ACSI’s 0–100 scale.[69]
  • 49% of U.S. business electricity customers said their utility worked with them to lower rates in 2024.[70]
  • 48% of smart-home consumers preferred a warranty bundled with technical support when choosing between brands.[71]

13 Statistics

Sustainability & Ethics

Sustainability metrics focus on emissions cuts and reporting scope. Siemens achieved a 60% reduction in operational CO2 emissions from fiscal 2019 to fiscal 2024 worldwide.

Sustainability in the electrical products industry

  • 60% reduction in Siemens’ operational CO₂ emissions was achieved from fiscal 2019 to fiscal 2024 worldwide.[72]
  • €253 million, or 95% of R&D expenditure, was invested by Signify in sustainable innovation in 2024.[73]
  • 27 digital-learning hours per employee were recorded by Siemens in fiscal 2024.[72]
  • 32.6% of Siemens’ top-management positions were held by women in fiscal 2024.[72]
  • 90%+ of Siemens’ business was assessed as enabling positive sustainability impact in fiscal 2024.[72]

ESG in the electrical products industry

  • 11% was Siemens’ reduction in total Scope 3 emissions against fiscal 2019 in fiscal 2025.[74]
  • Five ESRS sustainability standards were in scope for Signify’s 2024 reporting: climate, circular economy, workforce, value-chain workers and business conduct.[73]
  • 52.0% was Siemens’ EU Taxonomy revenue-alignment rate in fiscal 2025.[32]
  • 37% of Signify revenue was classified as circular revenue in 2025.[75]
  • 27% of Signify leadership positions were held by women in 2025.[75]

Ethics in the electrical products industry

  • Legrand’s 2024 sustainability governance included a dedicated Carbon Committee overseeing climate-related matters.[76]
  • Legrand’s 2024 universal registration document included a dedicated governance-of-business-ethics section.[76]
  • 100% of Universal Electronics’ major suppliers were screened under due diligence in 2025.[61]
  • 100% of Universal Electronics’ major suppliers completed the company’s Supplier Code of Conduct in 2025.[61]
  • 33 confidential-channel reports were recorded by Universal Electronics in 2024.[77]

CSR in the electrical products industry

  • 91% of Universal Electronics manufacturing employees were covered by ISO 45001-certified facilities in 2025.[61]
  • 34% of Signify leadership positions were targeted for women by 2025 under its Brighter Lives, Better World program.[75]
  • 35% was Signify’s 2025 target for revenue from products and solutions contributing to brighter lives.[75]
  • 17% was Signify’s 2019 baseline for women in leadership positions under its 2025 CSR program.[75]
  • 35% of Signify revenue came from products and solutions contributing to brighter lives in 2025.[75]

Circular economy in the electrical products industry

  • 26% of Philips’ 2024 material inflow consisted of renewable content.[78]
  • 60 kilotonnes of Philips products and parts were placed on the market in 2024.[78]
  • 77% of Philips products and 97% of Philips packaging were theoretically recyclable in 2024.[78]
  • 19% of Philips’ 2024 material inflow consisted of recycled content.[78]
  • 2% of Philips’ 2024 material inflow consisted of reused content excluding recycled content.[78]

Carbon footprint in the electrical products industry

  • 645 tonnes CO₂e were Customs Support’s market-based Scope 2 emissions in 2024.[79]
  • 19 tonnes CO₂e were Customs Support’s Scope 1 emissions in 2024.[79]
  • 20,319 tonnes CO₂e were Universal Electronics’ location-based Scope 2 emissions in 2024.[77]
  • 298 tonnes CO₂e were Universal Electronics’ Scope 1 emissions in 2024.[77]
  • 1,271 tonnes CO₂e were Customs Support’s Scope 3 emissions in 2024.[79]

15 Statistics

Globalization & Expansion

Trade and supplier-network scale dominate the section. China held 38.5% of the global electrical equipment industry market in 2022.

Globalization in the electrical products industry

  • China held 38.5% of the global electrical equipment industry market in 2022.[84]
  • Brazil’s electrical and electronics products foreign trade totaled $56.9 billion in 2025.[25]
  • $680 billion was the global electrical equipment industry value in 2022.[84]
  • China accounted for 27.3% of global electrical equipment exports in 2023.[85]
  • The German electrical industry generated just under 60% of sales abroad in 2024.[86]

Cultural adaptation in the electrical products industry

  • $896.3 million of Johnson Electric’s sales came from mainland China in fiscal 2025.[87]
  • $1.12 billion of Johnson Electric’s sales came from North America in fiscal 2025.[87]
  • $445.4 million of Johnson Electric’s sales came from Asia-Pacific excluding China in fiscal 2025.[87]
  • 100% of the acquired Jiangsu Ryan Electrical stake held by Eaton was 49% in China in 2023, reflecting a localized electrical-products expansion model.[30]
  • $1.12 billion of Johnson Electric’s sales came from Europe, the Middle East and Africa in fiscal 2025.[87]

Supplier management in the electrical products industry

  • One specialized insulation-material supplier was relied upon by an electrical-distribution-equipment manufacturer in fiscal 2025.[27]
  • 35,000 suppliers served Wesco’s electrical, communications, automation and related distribution businesses in 2024.[27]
  • 6,000 manufacturers and suppliers provided Graybar with approximately two million electrical and related products in 2025.[27]
  • Approximately 50% of Amphenol’s 2025 net sales went through qualified supplier-consolidation relationships with distributors.[27]
  • 50% of Graybar’s products sold in 2025 were purchased from its top 25 suppliers.[27]

Stakeholder management in the electrical products industry

  • 12% of Wesco’s 2024 sales came from its ten largest customers.[27]
  • No single customer represented more than 10% of that company’s fiscal-2025 revenue.[27]
  • 81% of Power Integrations’ revenue came from its ten largest customers in 2025.[27]
  • No single Wesco customer accounted for more than 4% of sales in 2024.[27]
  • Over 10,000 customers in more than 100 countries were served by the electrical-products company in fiscal 2025.[27]

Distribution channels in the electrical products industry

  • 355 Graybar locations supported electrical-product distribution across the United States and Canada in 2025.[27]
  • 4.3% of electrical-distributor sales came through distributor websites in 2022.[88]
  • Approximately 75% of electrical products sold in the United States reached end users through distribution channels, according to a cited industry estimate.[89]
  • Two distributors each accounted for more than 10% of Power Integrations’ revenue in 2025.[27]
  • 60% of Graybar’s customer-order dollar volume was filled from warehouse inventory in 2025.[27]

Key questions about the electrical products industry

What is the global electrical equipment market size in 2025 and the forecast for 2034?
The global electrical equipment market was valued at $1.66 trillion in 2025 and is forecast to reach $4.15 trillion by 2034.
What growth rate should we use for the electrical equipment market from 2026 to 2034?
The forecast CAGR for 2026–2034 is 10.8%, with growth from $1.82 trillion in 2026 to $4.15 trillion by 2034.
Which companies lead the electrical products industry?
Amphenol leads Gitnux's 2026 electrical products ranking with an Overall score of 9.4, with revenue growth 52%. Schneider Electric is the highest-ranked electrification and automation provider at 9.2, backed by R&D at 5.6% of revenue.
Where is AI and automation showing measurable adoption within electrical equipment and adjacent electronics workflows?
Electrical and fastener distributors using AI in at least one business activity increased by 15 percentage points year over year in 2024. In addition, 78% of manufacturers said AI initiatives were part of their overall digital-transformation strategy in 2024.
How do shipments and employment look in the United States through 2026?
U.S. shipments of electrical equipment, appliances, and components totaled $145.2B in Jan–Aug 2026, up 6.0% from the same period of 2025. U.S. industry employment reached 446,300 in September 2026.
What pricing signals do we track for U.S. electrical machinery and equipment during 2026?
The U.S. producer price index for electrical machinery and equipment increased 13.5% year over year in August 2026, with a 0.5% increase from July. Import prices for electrical equipment, appliance, and component manufacturing rose 0.6% year over year in September 2026.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 11). Electrical Products Industry Statistics. Gitnux. https://gitnux.org/electrical-products-industry-statistics
MLA
Samuel Norberg. "Electrical Products Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/electrical-products-industry-statistics.
Chicago
Samuel Norberg. 2026. "Electrical Products Industry Statistics." Gitnux. https://gitnux.org/electrical-products-industry-statistics.

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