Gitnux/Report 2026

Electromechanical Industry Statistics

The global interconnect, passive and electromechanical components market reached $237.4 billion in 2025, explore the electromechanical growth figures, company financials and trends for 2026.
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November 11, 2026Updated
Electromechanical Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published ·Updated
How this report is researched
01Editorial Scope

An editor sets the topic, the inclusion criteria, and the evaluation framework before research starts.

02Source Research

AI search agents locate sources and extract each figure together with the document it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The electromechanical industry at a glance

The global interconnect, passive and electromechanical components market was valued at $237.4 billion in 2025, with growth supported by electrification, automation, data centers and grid investment.

$237.4B[77]
Global market size, 2025
5.5%[77]
Forecast CAGR, 2026–2033
530,000[64]
Global grid-component jobs, 2024
43.8%[77]
Asia-Pacific market share, 2025
Market size
The global interconnect, passive and electromechanical component market was valued at $237.4 billion in 2025. The broader global electrical market was estimated at €5.597 trillion for 2025 by ZVEI, covering sectors such as automation, power engineering, electrical components and communication technology.[77][73]
Forecast & CAGR
Grand View Research forecasts the IP&E components market to reach $361.6 billion by 2033, implying a 5.5% CAGR from 2026 to 2033. ZVEI forecasts the global electrical market to grow by 2% in 2025 and 4% in 2026 at constant exchange rates.[77][73]
Market share & regions
Asia-Pacific held 43.8% of global IP&E component revenue in 2025, making it the leading regional market. ZVEI estimated Asia’s share of the global electrical market at 74%, or €4.133 trillion, in 2025.[77][73]
Segmentation
Interconnect components represented the largest IP&E product segment, with a 42.1% revenue share in 2025, while on-board mounting accounted for 68.5%. Consumer electronics was the largest end-use segment at 24.6%, and distribution sales accounted for 61.3% of revenue.[77]
Pricing
Supply constraints have materially increased pricing for grid-related electromechanical equipment: the IEA reports that cable prices nearly doubled between 2019 and 2024, while power-transformer prices rose by around 75%. Procurement lead times reached two to three years for cables and up to four years for large power transformers.[64]
Trends, drivers & challenges
Demand is being driven by data-center expansion, industrial automation, electric vehicles, renewable generation and grid modernization. The IEA says global grid investment reached about $390 billion in 2024, while more than 2,500 GW of renewable, large-load and storage projects were in grid queues worldwide, highlighting capacity, permitting and supply-chain constraints.[64]
Consumer behavior & competition
Demand is concentrated in business-to-business applications rather than household purchases: consumer electronics accounted for 24.6% of IP&E component revenue in 2025, while automotive, telecommunications, industrial automation, aerospace and defense, healthcare and data centers were also identified as major end markets. Distribution sales led the channel mix at 61.3%, indicating the importance of broad availability and supply-chain responsiveness in competition.[77]
M&A
M&A remained active in 2025, including TE Connectivity’s $2.3 billion acquisition of Richards Manufacturing and nVent’s $975 million acquisition of Avail Infrastructure Solutions’ Electrical Products Group. Woodward also completed its acquisition of Safran’s North American electromechanical actuation business in July 2025.[78]
Regulation
In the European Union, Regulation 2019/1781 requires covered electric motors and variable-speed drives to meet specified efficiency levels, including IE3 for many three-phase motors and IE4 for certain motors from July 2023. The European Commission began reviewing the rules in 2025, with possible updates addressing material efficiency and circularity and a target for new rules in 2029.[79][80]
Latest news
The European Commission launched a 2025 call for evidence to review ecodesign requirements for electric motors and variable-speed drives. In the wider grid-equipment market, the IEA’s 2026 analysis says annual grid investment must rise by approximately 50% by 2030 from about $400 billion today to meet electricity demand.[80][64]

02 Ranking

Top 10 Companies in the Electromechanical Industry

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

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

Verdict

Schneider Electric stands out for electrification and automation in industry, buildings and infrastructure because it records an 18.7% operating margin and R&D at 5.6% of revenue, while Siemens focuses on industrial automation and electrification since it supplies these technologies globally with R&D at 8.3% of revenue.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in electrification and automation

    Schneider Electric

    FR

    Ranked #1 · 9.3 · Electrification and automation

    Why we picked it: Its energy management and electrification and automation focus pairs an 18.7% operating margin with 5.6% R&D intensity.

    See in ranking ↓Visit se.com ↗

  2. Leader in power generation and grid equipment

    GE Vernova

    US

    Ranked #3 · 9.2 · Power generation and grid equipment

    Why we picked it: Its power generation and grid equipment focus is paired with 8.9% revenue growth and a 3.6% operating margin.

    See in ranking ↓Visit gevernova.com ↗

  3. Leader in power management and controls

    Eaton

    IE

    Ranked #4 · 9.2 · Power management and controls

    Why we picked it: Its power management and electrical equipment and controls segment aligns with 10% revenue growth.

    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 electromechanical industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Schneider Electric

Electrification and automation · FR

9.3
2

Siemens

Electrification and automation · DE

9.3
3

GE Vernova

Power generation and grid equipment · US

9.2
4

Eaton

Power management and controls · IE

9.2
5

ABB

Electrification and automation · CH

9.0
6

WEG

Motors, drives, generators, transformers and automation · BR

8.3
7

Honeywell

Industrial automation, sensing, controls and equipment · US

8.2
8

OMRON

Industrial automation, sensing and control equipment · JP

7.9
9

Danfoss

Drives, power electronics, hydraulics and climate equipment · DK

7.8
10

NIDEC

Precision, industrial, appliance and automotive motors · JP

7.7

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 electromechanical industry. In Electromechanical Industry Statistics. Gitnux. https://gitnux.org/electromechanical-industry-statistics/#top-companies

report visual · Comparison

Revenue of the largest electromechanical companies

Siemens leads with $85.2B in annual revenue (group level, converted to USD).

Siemens$85.2B
Schneider Electric$43.2B
GE Vernova$38.1B
Honeywell$37.4B
ABB$33.2B
Eaton$27.4B
source-verifiedpress.siemens.com · se.com · gevernova.com · investor.honeywell.com · abb.com · eaton.com2025

04 Statistics

Technology & Innovation

We see rising AI adoption across EU manufacturing: 11% of enterprises used AI in 2024, up from 7% in 2021. Robot installations also shifted, with 23% of global industrial-robot installations going to electrical/electronics production in 2023.

AI in the electromechanical industry

  • 11% of EU manufacturing enterprises with at least 10 employees used AI in 2024, up from 7% in 2021.[1]
  • 6.0% of EU electronics enterprises used AI for production-process optimisation in 2024.[1]
  • 10.6% of EU manufacturing enterprises used AI in 2024.[1]
  • 19% of German electrical-industry companies planned to use AI in production for the first time in 2025.[2]
  • 5% of Manufacturers Alliance survey respondents came from electrical-equipment, appliance and component manufacturing.[3]
  • 5.1% of EU electrical-equipment enterprises used AI for production-process optimisation in 2024.[1]

Automation in the electromechanical industry

  • 23% of global industrial-robot installations went to electrical/electronics production in 2023.[4]
  • 2.5% more industrial robots were installed in the global electronics industry in 2024 than in 2023.[4]
  • 449 industrial robots per 10,000 manufacturing employees was Germany’s robot density in 2024.[4]
  • 128,899 industrial robots were installed in the global electrical/electronics industry in 2024.[4]
  • 20% fewer industrial robots were installed in the global electrical/electronics industry in 2023 than in 2022.[4]
  • 2,900 industrial robots were sold to the U.S. electrical and electronics industry in 2024, representing 9% of installations.[4]

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.[5]
  • 24% of companies across the European Industrial Ecosystem had a concrete digital-transformation strategy in 2024.[6]
  • 76% of industrial-manufacturing firms across 26 countries reported that their workforce had an appetite to embrace cutting-edge technology in 2024.[5]
  • 32% of U.S. industrial-products respondents said their operations-technology investments had delivered expected results in 2024.[7]

Technology Adoption in the industrial manufacturing sector (sector benchmark)

  • 31% of industrial-manufacturing organizations were proactive in advancing modern-delivery technologies, including low-code and no-code, in 2024.[8]
  • 30% of industrial-manufacturing organizations were proactive in advancing edge-computing strategies in 2024.[8]
  • 37% of industrial-manufacturing organizations were proactive in advancing AI and automation strategies in 2024.[8]
  • 35% of industrial-manufacturing organizations were proactive in advancing data-and-analytics strategies in 2024.[8]

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.[8]
  • 87% of Finnish manufacturing enterprises used cloud computing in 2023.[1]
  • 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.[9]

Big Data in the industrial manufacturing sector (sector benchmark)

  • 44% of manufacturing leaders reported that the amount of data their organizations collected had at least doubled over the previous two years in 2024.[10]
  • 16.2% of businesses in the European Industrial Ecosystem used big-data technologies in 2024.[6]
  • 33% of manufacturers surveyed were performing prescriptive analytics in 2024, according to ABI Research’s survey of 461 manufacturing decision makers.[11]
  • 28% of manufacturing survey respondents were implementing big-data processing in 2024.[12]
  • 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.[12]
  • 70% of manufacturers still collected data manually in 2024, according to a Manufacturing Leadership Council survey reported by the National Association of Manufacturers.[13]

05 Statistics

Data & Analytics

Data quality blocks execution: 54% of manufacturers had duplicate data in several systems in 2025, and 44% said AI projects failed due to poor data quality in 2025. Data governance coverage reached 61% of manufacturers in 2024.

Business intelligence in the electromechanical industry

  • 19% of manufacturing companies reported employing a chief data officer, United States.[14]
  • 63% of manufacturing companies reported employing data or business-intelligence analyst roles in the latest survey, United States.[14]
  • 44% of manufacturing companies reported having data-architect roles, United States.[14]
  • 24% of manufacturing companies reported having a data-product-owner role, United States.[14]
  • 34% of Canadian manufacturers were using business-intelligence software in 2023, while 10% planned to adopt it within 12 months, Canada.[15]
  • 28% of manufacturing companies reported having a data-governance leader, United States.[14]

Data analytics in the electromechanical industry

  • 29% of electric-motor-driven-systems companies used data analytics for specific motor systems in 2021, international survey.[16]
  • 26% of small and midsized manufacturers regularly used analytics for operational monitoring in 2026, United States.[17]
  • 40% of electric-motor-driven-systems companies used internet-of-things or machine-to-machine communication in 2021, international survey.[16]
  • 46% of electric-motor-driven-systems companies used data analytics on production lines or at company level in 2021, international survey.[16]
  • 68% of manufacturing companies used spreadsheets to analyze at least some collected data in 2024, international survey.[14]
  • 57% of manufacturing companies used an artificial-intelligence system or partner to analyze collected data in 2024, international survey.[14]

Data Quality in the industrial manufacturing sector (sector benchmark)

  • 54% of manufacturers surveyed had duplicate data in several systems in 2025.[18]
  • 41% of manufacturers surveyed distrusted the data used for supply-chain operations in 2025.[18]
  • 61% of manufacturing leaders agreed that poor data quality limited adoption and optimization of emerging technologies in 2025.[19]
  • 30% of manufacturers identified poor data quality as a technical barrier to improving processes in 2025.[19]
  • 51% of manufacturers surveyed said their data was siloed across disparate tools and systems in 2025.[18]
  • 44% of manufacturers surveyed reported that AI projects had failed because of poor data quality in 2025.[18]

Data Governance in the industrial manufacturing sector (sector benchmark)

  • 61% of manufacturers surveyed had a corporate-wide governance plan, strategy or formal data-management guidelines in 2024.[14]
  • 15% of manufacturers surveyed said their data strategy was entirely aligned with their overall business strategy in 2024.[14]
  • 58% of manufacturers surveyed assigned primary data-governance responsibility to a C-suite or senior leader in 2024.[14]
  • 22% of manufacturers surveyed included data collection, management or analysis in executive incentives, KPIs or business imperatives in 2024.[14]

KPIs in the electromechanical industry

  • 27% of Canadian manufacturers were using warehouse-management systems in 2023, Canada.[15]
  • 27% of Canadian manufacturers were using supply-chain-management software in 2023, Canada.[15]
  • 24% of Canadian manufacturers were using overall-equipment-effectiveness software in 2023, while 16% planned adoption within 12 months, Canada.[15]
  • 70% of manufacturers still collected data manually in the Manufacturing Leadership Council survey, United States.[13]
  • 35% of Canadian manufacturers were using manufacturing-execution-system software in 2023, Canada.[15]
  • 32% of Canadian manufacturers were using quality-management-system software in 2023, Canada.[15]

06 Statistics

Strategy & Growth

Company investment signals target growth areas: Schneider Electric reported Energy Management organic growth of 11.5% in 2024 on €31 billion of revenue. ABB also reported 6% Electrification revenue growth in 2024 to $15.448 billion.

Growth in the electromechanical industry

  • 6–9% is Siemens Smart Infrastructure’s comparable revenue-growth target over its three- to five-year planning cycle.[20]
  • 6% was ABB Electrification revenue growth in 2024, reaching $15.448 billion globally.[21]
  • 11.5% was Schneider Electric Energy Management’s organic growth in 2024, on €31 billion of revenue.[22]
  • 8.4% was Schneider Electric’s organic revenue growth in 2024, with consolidated revenue of €38.153 billion.[22]
  • €1.7 billion was Siemens Smart Infrastructure digital-business revenue in fiscal 2024, more than double its 2021 level.[20]
  • 12% was ABB India revenue growth in calendar 2024, reaching INR 121.88 billion.[23]

Differentiation in the electromechanical industry

  • 12% was Schneider Electric’s 2024 research-and-development spending growth, reaching €1.308 billion.[22]
  • 25 GWh of annual electricity savings is expected from ABB’s replacement of 460 inefficient motors with IE4 and IE5 motors at a Bulgarian copper plant.[23]
  • 24% of ABB’s 2024 business-area revenue came from Motion, which generated $7.787 billion.[21]
  • 18% of Schneider Electric’s 2024 revenue came from Industrial Automation, which generated €7.022 billion.[22]
  • 20% of ABB’s 2024 business-area revenue came from Process Automation, which generated $6.756 billion.[21]
  • 47% of ABB’s 2024 business-area revenue came from Electrification, which generated $15.448 billion.[21]

Mergers and acquisitions in the electromechanical industry

  • €140 million was Prysmian’s expected annual pretax run-rate synergy from the Encore Wire acquisition within four years.[24]
  • $265 was Emerson’s cash offer per AspenTech share in the 2025 acquisition.[25]
  • $290 was Prysmian’s cash offer per Encore Wire share in its 2024 acquisition agreement.[24]
  • $825 million was Hubbell’s announced cash purchase price for DMC Power in 2025.[26]
  • 20% was the premium to Encore Wire’s 30-day volume-weighted average share price in Prysmian’s 2024 offer.[24]
  • 72% of AspenTech shares not already owned by Emerson were validly tendered in the 2025 transaction.[25]

Strategic partnerships in the electromechanical industry

  • $1 million is Rockwell Automation’s renewed five-year commitment to the University of Wisconsin-Milwaukee Connected Systems Institute.[27]
  • 10–15% is the potential whole-facility energy saving cited for SKF’s magnetic-bearing motor partnership with Sieb & Meyer.[28]
  • $5 million is Rockwell Automation’s cumulative investment in the Connected Systems Institute since 2017.[27]
  • 3.5 years is the expected payback period for ABB’s high-efficiency motor and drive upgrade at Aurubis’s Bulgarian plant.[23]
  • 460 older motors are being replaced in ABB’s Aurubis partnership project at a Bulgarian copper plant.[23]
  • 23 kilometers is the length of the Siemens-Tata Pune Metro Line 3 partnership project using electrification and automated signaling.[20]

07 Statistics

People & Workforce

Workforce turnover and hybrid operations remain measurable constraints. Schneider Electric’s voluntary turnover was 9.5% in 2021 and its total employee turnover was 12.8% in 2024, while 79% of manufacturing organizations used hybrid for non-production employees in 2025.

Hiring in the electromechanical industry

  • 5,250 electrical engineers worked in U.S. electrical equipment manufacturing in May 2024.[29]
  • 86% of the 50 largest U.S. electrical contractors added employees in 2024.[30]
  • 31,240 electrical, electronic and electromechanical assemblers worked in U.S. electrical equipment manufacturing in May 2024.[29]
  • 27,250 employees were hired by Schneider Electric worldwide in 2024.[22]
  • 2,680 electrical, electronic and electromechanical assemblers worked in U.S. household-appliance manufacturing in May 2024.[29]

Employee retention in the electromechanical industry

  • 28% was Schneider Electric’s Gen Z employee turnover rate worldwide in 2024.[22]
  • 9.5% was Schneider Electric’s voluntary turnover rate worldwide in 2021.[22]
  • 16.6% was Schneider Electric’s total employee turnover rate worldwide in 2022.[22]
  • 12.8% was Schneider Electric’s total employee turnover rate worldwide in 2024.[22]
  • 14.6% was Schneider Electric’s total employee turnover rate worldwide in 2023.[22]

Remote Work in the industrial manufacturing sector (sector benchmark)

  • Across U.S. manufacturing, teleworked hours represented 12.2% of total hours worked in 2025.[29]
  • 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.[31]
  • Across U.S. manufacturing, 36.9% of workers could work at home and 33.3% actually did so during 2024–2025.[29]
  • Across U.S. manufacturing, 19% of workers worked remotely, including hybrid and fully remote arrangements, during October 2023–September 2024.[32]

Hybrid Work in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing companies, the average required office attendance reached 2.82 days per week in the second quarter of 2025.[3]
  • Across manufacturing companies, 79% operated a hybrid model for non-production employees in 2025.[3]
  • Across manufacturing employers, 80% said their organizations were still struggling to balance hybrid working in 2025.[33]
  • Across manufacturing companies, 17% were fully back in the office for non-production employees in 2025.[3]
  • Across manufacturing employees, 80% believed office mandates reflected a lack of trust that employees would be productive at home in 2025.[33]

Upskilling in the electromechanical industry

  • 48 months was the base training length for Irish electricians in the IEA’s 2023 comparison.[34]
  • 60 months was the base training length for U.S. electricians in the IEA’s 2023 comparison.[34]
  • 36 months was the base training length for U.K. electricians in the IEA’s 2023 comparison.[34]
  • 63 months was the combined base and conversion training length for U.S. electricians in the IEA’s 2023 comparison.[34]
  • 42 months was the base training length for German electricians in the IEA’s 2023 comparison.[34]

Employee Engagement in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing, distribution and storage organizations, the average employee-engagement score was 72.9% in 2026.[35]
  • Across manufacturing companies, 70% of respondents said most non-frontline employees were engaged in their jobs in 2023.[7]
  • Across manufacturing, distribution and storage organizations, 84.2% of employees said they cared about their organization’s future in 2026.[35]
  • Across manufacturing companies, 41% identified employee recognition as a high priority in 2024.[36]
  • Across manufacturing companies, 25% of respondents did not know whether their frontline workforce was engaged in 2023.[7]

DEI in the electromechanical industry

  • 32.6% of Siemens top-management positions were held by women in fiscal 2024.[20]

08 Statistics

Customer & Sales

Customer-facing metrics emphasize uptime and retention tracking. In 2024, 70% of manufacturers tracked product uptime and 75% tracked customer satisfaction metrics, each with reported goal-exceeding shares.

Customer experience in the electromechanical industry

  • 73% of manufacturers tracked warranty-claim rates and 39% said they exceeded their goals for that metric in 2024.[37]
  • 98% of surveyed manufacturers had started digital transformation by 2023, partly to improve customer experience, across global industrial manufacturing and construction.[38]
  • 70% of manufacturers tracked product uptime and 39% said they exceeded their goals for it in 2024.[37]
  • 75% of manufacturers tracked customer satisfaction metrics and 44% said they exceeded their goals for those metrics in 2024.[37]
  • 7,200-plus customer responses from 16 large B2B advanced-manufacturing companies formed the 2024 customer-experience benchmark across North America, EMEA, Latin America and Asia-Pacific.[39]

Customer retention in the electromechanical industry

  • 23% of industrial-equipment manufacturers reported customer-retention rates of 80% or lower in the study period.[40]
  • 133% higher retention was reported by U.S. electric-utility customers who described their experience as great rather than poor in 2020.[41]
  • 75% of manufacturers tracked customer-retention rates and 43% said they exceeded their goals for retention in 2024.[37]
  • 95% was the median annual customer-retention rate among industrial-equipment manufacturers in the United States in the study period.[40]

Customer acquisition in the electromechanical industry

  • 2.9% was the average lead-to-customer conversion rate reported for electronics and electrical engineering in the 2026 DACH industrial-sector benchmark.[42]
  • 18% of 50 U.S. electrical-and-electronic-manufacturing quotes became purchase orders during the 12 months ending October 2026.[43]
  • 21% of 82 U.S. mechanical-and-industrial-engineering quotes became purchase orders during the 12 months ending October 2026.[43]
  • 21% of 1,271 U.S. manufacturing quotes became purchase orders during the 12 months ending October 2026.[43]

Customer loyalty in the electromechanical industry

  • 40% of manufacturers cited improved brand reputation and customer advocacy as a driver of service and aftermarket changes in 2024.[37]
  • 50% of manufacturers cited improved customer loyalty and satisfaction as a driver of service and aftermarket changes in 2024.[37]
  • 46% of manufacturers cited competitive differentiation as a driver of service and aftermarket changes in 2024.[37]
  • 45% of manufacturers cited improved customer lifetime value as a driver of service and aftermarket changes in 2024.[37]
  • 97% of manufacturers were pursuing strategic changes to service and aftermarket operations in 2024.[37]

Lead generation in the electromechanical industry

  • 439,358 prospecting calls to U.S. manufacturers produced 33,856 live conversations during the 12 months ending October 2026.[43]
  • 20% of industrial distributors ranked manufacturer or supply-partner leads as their most important new-customer acquisition channel in 2022.[44]
  • 71% of industrial distributors ranked traditional sales teams as their most important new-customer acquisition channel in 2022.[44]
  • 34% of industrial distributors were satisfied or very satisfied with their lead-generating efforts in 2022.[44]
  • 82% of 1,271 U.S. manufacturing quotes came from email sequences during the 12 months ending October 2026.[43]

09 Statistics

Marketing & Brand

Brand switching follows training and distributor information. In 2024, 25% of U.S. electrical and HVAC professionals said they switched their primary brand after training, while 92% rely on distributors for new product information.

Marketing in the electromechanical industry

  • 73% of U.S. electrical and HVAC professionals report always looking for new brands, according to a 2024 survey.[45]
  • 401 U.S. electrical, HVAC and mechanical professionals participated in Mower’s 2024 marketing survey.[45]
  • 55% of U.S. electrical and HVAC professionals say quality products make a brand trustworthy, according to a 2024 survey.[45]
  • 25% of U.S. electrical and HVAC professionals say they switched their primary brand after training, according to a 2024 survey.[45]
  • 92% of U.S. electrical and HVAC professionals rely on distributors for new product information, according to a 2024 survey.[45]

Digital marketing in the electromechanical industry

  • 68% of manufacturing marketers said search-engine or pay-per-click marketing produced the best paid-channel results, according to a 2024 survey.[46]
  • 50% of manufacturing marketers surveyed worked for companies with at least 1,000 employees, according to research conducted in 2024.[46]
  • 33% of manufacturing marketers expected to increase investment in artificial intelligence for content creation in 2025, according to a 2024 survey.[46]
  • 35% of manufacturing marketers expected to increase investment in artificial intelligence for content optimization in 2025, according to a 2024 survey.[46]
  • 31% of manufacturing marketers expected to increase webinar investment in 2025, according to a 2024 survey.[46]

Branding in the electromechanical industry

  • 89% of electrical-contractor respondents recalled an Arlington Industries advertisement in one Baxter Research Center measurement.[47]
  • 21% of U.S. electrical and HVAC professionals say brands fall short because of ongoing quality or durability issues, according to a 2024 survey.[45]
  • 25% of U.S. electrical and HVAC professionals switched their primary brand after training, according to a 2024 survey.[45]
  • 76% of electrical-contractor respondents liked one Arlington Industries advertisement in Baxter’s measurement.[47]
  • 68% of U.S. electrical and HVAC professionals remain with brands they were trained on, according to a 2024 survey.[45]

Social media in the electromechanical industry

  • 85% of manufacturing marketers said LinkedIn delivered the best value for their organization, according to a 2024 survey.[46]
  • 9.93% of Crestron Electronics employees shared company content in DSMN8’s May 2024 electrical and electronic manufacturing leaderboard.[48]
  • 9.41% of Danfoss Drives employees shared company content in DSMN8’s May 2024 electrical and electronic manufacturing leaderboard.[48]
  • 9.16% of Megger employees shared company content in DSMN8’s May 2024 electrical and electronic manufacturing leaderboard.[48]
  • 40% of manufacturing marketers said YouTube delivered the best value for their organization, according to a 2024 survey.[46]

Influencer Marketing in the industrial manufacturing sector (sector benchmark)

  • Across B2B companies, 76% of marketing leaders said creator collaboration helps build brand authenticity in 2025; global survey scope.[49]
  • Across B2B companies, 28% ranked thought leaders or industry analysts as the most effective influencer type in 2025; global survey scope.[49]
  • Across B2B companies, 43% of marketers planned to increase influencer investment in the following year in 2025; global survey scope.[49]
  • Across B2B companies, 29% of marketers planned to adopt influencer marketing within the following year in 2025; global survey scope.[49]
  • Across B2B companies, 55% of marketers used influencers in 2025, providing a benchmark applicable to industrial manufacturing marketers.[49]

10 Statistics

Operations & Execution

Automation priorities center on maintenance and work-order automation, with 37% of discrete manufacturers rating predictive-maintenance and work-order automation as important for 2025. Schneider Electric reported 74% of its redundant-manufacturing-network resilience plan fully operational at end of 2024.

Process optimization in the electromechanical industry

  • 21% of discrete manufacturers rated robotic warehouse automation as an important 2025 technology investment.[50]
  • 37% of discrete manufacturers rated predictive-maintenance and work-order automation as an important 2025 technology investment.[50]
  • 33% of discrete manufacturers rated process-control automation as an important 2025 technology investment.[50]
  • 20% of changeover time was eliminated in a Taiwanese precision-metal factory after applying value-stream mapping and Industry 4.0 methods.[51]
  • 35% of discrete manufacturers rated process optimization, including shop-floor control and scheduling optimization, as an important 2025 technology investment.[50]

Operational efficiency in the electromechanical industry

  • 1.6% was the 2024 labor-productivity increase for U.S. semiconductor and electronic-component manufacturing.[29]
  • 5.9% was the 2024 labor-productivity increase for U.S. electric-lighting-equipment manufacturing.[29]
  • 2.2% was the 2024 labor-productivity increase for U.S. computer and electronic products manufacturing.[29]
  • 4,663,773 industrial robots were operating worldwide at the end of 2024, up 8.9% year over year.[4]
  • 4.4% was the 2024 decline in hours worked in U.S. computer and electronic products manufacturing.[29]

Quality management in the electromechanical industry

  • 7% of MEMA OE suppliers’ cost-management priority responses placed total quality management at the highest priority level in 2025.[52]
  • 29% of MEMA OE suppliers’ cost-management priority responses placed total quality management at the second-highest priority level in 2025.[52]
  • 99.92% was ChipMOS’s 2024 average monthly assembly yield for memory and logic or mixed-signal packages.[53]
  • 41% of MEMA OE suppliers’ cost-management priority responses placed total quality management at the middle priority level in 2025.[52]
  • 99% was Sinexcel’s 2024 incoming-material quality pass rate.[54]

Supply chain in the electromechanical industry

  • 74% of Schneider Electric’s redundant-manufacturing-network resilience plan was fully operational at the end of 2024.[22]
  • 24% of North American-produced products were made in Mexico according to the 2026 MEMA OE Supplier Barometer.[52]
  • 91% of Schneider Electric’s critical raw materials had an effective risk-mitigation plan at the end of 2024.[22]
  • 71% of Schneider Electric’s electromechanical-range supply-chain risks were mitigated by the fourth quarter of 2024 through safety stocks and multisourcing.[22]
  • 95% of Schneider Electric’s electronic-range supply-chain risks were mitigated by the fourth quarter of 2024 through safety stocks and multisourcing.[22]

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

  • Across EU enterprises engaged in international sourcing during 2021–2023, 37% operated in manufacturing, the largest sector share among sourcing enterprises.[9]
  • Across global manufacturing, executives expected offshore facilities to decline to 28% within three years of 2025, while onshore facilities rise to 48%.[55]
  • Across EU enterprises sourcing abroad during 2021–2023, 39% outsourced business functions to external providers, while 72% used affiliated enterprises abroad for insourcing.[9]
  • Across global manufacturing, 56% of executives in 2025 said their organization had invested in nearshoring or a combination of reshoring and nearshoring.[55]
  • Across global manufacturing, 37% of facilities were offshore in 2024, compared with 41% onshore and 22% nearshore.[55]

11 Statistics

Finance & Pricing

Pricing pressure remains evident in U.S. manufacturing expectations. Electrical equipment, appliances and components was among the industries expecting price increases above the 2025 average forecast of 3%, while 56% reported higher prices in 2024 averaging 7.5%.

Pricing strategy in the electromechanical industry

  • Electrical equipment, appliances and components was among the U.S. manufacturing industries expecting price increases above the 2025 average forecast of 3%.[56]
  • 56% of U.S. manufacturing respondents reported higher prices in 2024, with those increases averaging 7.5%.[56]
  • 37% of industrial companies planned lower price increases in 2025 than in 2024.[57]
  • 37% of industrial companies planned higher price increases in 2025 than in 2024.[57]
  • 21% of industrial companies targeted price increases above 6% for 2025.[57]

Cost reduction in the electromechanical industry

  • $29 million of Eaton’s 2024 restructuring charges were assigned to corporate activities.[58]
  • $375 million is Eaton’s expected mature-year benefit when its restructuring program is fully implemented.[58]
  • 18% was the increase in Electronics gross profit at Electro Scientific Industries in 2024 on a constant-currency basis.[59]
  • $202 million in restructuring charges were recorded by Eaton in 2024.[58]
  • $40 million of Eaton’s 2024 restructuring charges were assigned to its Vehicle segment.[58]

Profitability in the electromechanical industry

  • 23.7% was TE Connectivity’s LTM EBITDA margin in the power-products sector in Q4 2024.[60]
  • 37.3% was ABB’s LTM gross-profit margin in the power-products sector in Q4 2024.[60]
  • 39.3% was Siemens’ LTM gross-profit margin in the power-products sector in Q4 2024.[60]
  • 41.1% was nVent’s LTM gross-profit margin in the power-products sector in Q4 2024.[60]
  • 37.8% was Eaton’s LTM gross-profit margin in the power-products sector in Q4 2024.[60]

Financial planning in the electromechanical industry

  • 49% of ABB Motion’s 2024 capital expenditure was allocated to Europe.[21]
  • $757 million was Eaton’s capital expenditure on property, plant and equipment in 2023.[58]
  • 13% of ABB Motion’s 2024 capital expenditure was allocated to Asia, the Middle East and Africa.[21]
  • $191 million was ABB Motion’s capital expenditure on property, plant and equipment in 2024.[21]
  • $80.957 million was 2024 capital expenditure in the mechanical segment of the reported company.[59]

12 Statistics

Product & Service

Aftermarket service monetization remains uneven in surveys: 10% of surveyed industrial companies were unsure what share of revenue came from after-market services. The global electric-motor market reached $145 billion in 2024.

Product development in the electromechanical industry

  • ABB invested $1.469 billion in research and development activities in 2024.[21]
  • ABB’s R&D spending increased 12% year over year in 2024.[21]
  • 7,800 ABB employees worked in research and development centers across approximately 30 countries in 2024.[21]
  • 13.9% of ABB’s R&D workforce were women at December 31, 2024.[21]
  • ABB increased R&D spending by approximately 40% between 2020 and 2024.[21]

Product lifecycle in the electromechanical industry

  • 19.70 years was Schneider Electric’s average product durability for molded-case circuit breakers, earth-leakage products and switchgear in 2024.[22]
  • 15 years was the reference lifespan used for busbars in Mersen’s 2025 product life-cycle assessments.[61]
  • 20 years was the reference lifespan used for electrical appliances in Mersen’s 2025 product life-cycle assessments.[61]
  • 20 years was Schneider Electric’s average product durability for contactors in 2024.[22]
  • 20 years was Schneider Electric’s average product durability for low-voltage equipment under IEC and NEMA categories in 2024.[22]

After-sales in the electromechanical industry

  • 4% of companies in BCG’s 2025 industrial analysis had succeeded in generating recurring revenue from digital services linked to equipment.[62]
  • Leading industrial companies exceeded industry averages by 11 percentage points in securing long-term service agreements in BCG’s 2025 analysis.[62]
  • 10% of surveyed industrial companies were unsure what share of revenue came from after-market services.[3]
  • 19% of surveyed industrial companies generated 10%–30% of revenue from after-market services.[3]
  • 78% of small and midsize industrial-machinery companies said customer expectations for after-sales service were rising in UPS research.[63]

Value proposition in the electromechanical industry

  • More than 17 million electric cars were sold globally in 2024, supporting demand for motors, power electronics and related electromechanical systems.[64]
  • Investment in clean and energy-efficiency manufacturing capacity increased its share by 67% between 2022 and 2023.[64]
  • The global electric-motor market reached $145 billion in 2024, highlighting the scale of the electromechanical efficiency value proposition.[64]
  • China held more than 50% of the global clean and energy-efficiency technology market in 2024, valued at approximately $400 billion.[64]
  • China sold more than 11 million electric cars in 2024, representing nearly half of all car sales in the country.[64]

13 Statistics

Sustainability & Ethics

Sustainability reporting includes emissions avoidance totals. Siemens customer solutions avoided 144 million tonnes of CO2e in fiscal 2024, and cumulative avoided emissions reached 694 million tonnes through products sold over lifetimes by 2025.

Sustainability in the electromechanical industry

  • 144 million tonnes of CO2e were avoided through Siemens customer solutions in fiscal 2024.[65]
  • 21.3% of ABB’s senior-management positions were held by women in 2024.[23]
  • 694 million tonnes of CO2e had been avoided cumulatively by Siemens customers through products sold over their lifetimes by 2025.[66]
  • 90% of Siemens’ business generated a positive sustainability impact in fiscal 2024.[65]
  • 78% of Schneider Electric’s packaging was sustainable in 2024.[22]

ESG in the electromechanical industry

  • 8% was ABB’s reduction in Scope 3 greenhouse-gas emissions from its 2022 baseline by 2024.[23]
  • 0.15 was ABB’s lost-time injury frequency rate in 2024.[23]
  • 25,000-plus Siemens products had received EcoTech sustainability recognition by fiscal 2024.[65]
  • 85% of Rockwell Automation’s employees completed its employee survey in 2025.[27]
  • 78% was ABB’s reduction in Scope 1 and 2 greenhouse-gas emissions from its 2019 baseline by 2024.[23]

Ethics in the electromechanical industry

  • 100% is Schneider Electric’s target for responsible-material criteria coverage of selected materials by 2030.[22]
  • 100% is Schneider Electric’s stated coverage requirement for its ethics-and-compliance risk-mapping process across relevant operations.[22]
  • 19% of Schneider Electric’s materials met its responsible-material criteria in 2025.[22]
  • 85% of Rockwell Automation’s employees participated in its 2025 survey, which included ethics feedback.[27]
  • 100% is Siemens’ 2025 target for suppliers to commit to its Supplier Code of Conduct.[67]

CSR in the electromechanical industry

  • 10,000-plus vehicles are included in ABB’s commitment to electrify its fleet by 2030.[23]
  • 100-plus megatonnes is ABB’s 2030 annual customer-CO2-reduction commitment.[23]
  • 100% renewable electricity is ABB’s 2030 target under its RE100 commitment.[23]
  • 25% is the maximum electricity-consumption reduction ABB says its variable-speed drives can deliver for electric motors.[23]
  • 30 million combustion cars is the annual-emissions equivalent ABB uses for its 100-plus-megatonne 2030 customer-reduction goal.[23]

Circular economy in the electromechanical industry

  • 18 kilograms of electrical and electronic equipment per person were placed on the market in Denmark in 2024, according to Eurostat’s rounded table values.[9]
  • 18 kilograms of electrical and electronic waste per person were collected in France in 2024, according to Eurostat’s rounded table values.[9]
  • 11 kilograms of electrical and electronic waste per person were collected in Germany in 2024, according to Eurostat’s rounded table values.[9]
  • 17 kilograms of electrical and electronic waste per person were collected in Poland in 2024, according to Eurostat’s rounded table values.[9]
  • 9 kilograms of electrical and electronic waste per person were collected in Italy in 2024, according to Eurostat’s rounded table values.[9]

Carbon footprint in the electromechanical industry

  • 700,742 metric tonnes of Scope 2 greenhouse-gas emissions were reported by Eaton in 2018.[58]
  • 57% was Schneider Electric’s absolute reduction in market-based Scope 1 and 2 emissions from 2021 by 2025.[22]
  • 60,581,278 tonnes of CO2e represented Schneider Electric’s Scope 3 emissions in 2025.[22]
  • 183,752 metric tonnes of Scope 1 greenhouse-gas emissions were reported by Eaton in 2024.[58]
  • 5% was Schneider Electric’s reduction in upstream Scope 3 emissions from 2024 to 2025.[22]

15 Statistics

Globalization & Expansion

Supply exposure links to China demand and components. Asia-Pacific held 43.8% of global IP&E component revenue in 2025, and ZVEI estimated Asia’s share of the global electrical market at 74% or €4.133 trillion in 2025.

Globalization in the electromechanical industry

  • 73.0% of U.S. electroindustry exports came from the top 10 export markets in 2023.[72]
  • 26.7% of U.S. electroindustry exports went to Mexico in 2023.[72]
  • $245 billion of electrical goods were imported into the United States in 2023.[72]
  • €246.4 billion of German electro and digital industry exports were recorded in 2024.[73]
  • €253.8 billion of German electrical-industry exports were recorded in 2023.[73]

Supplier management in the electromechanical industry

  • 80% of electric trucks sold in China in 2025 used batteries supplied by CATL.[64]
  • 12% of Germany’s motor-vehicle-equipment workforce depended directly on exports to China in 2024.[73]
  • 9% of Germany’s consumer-electronics workforce depended directly on exports to China in 2024.[73]
  • 70% of electric trucks sold in the European Union in 2025 used battery cells made by companies headquartered in China, Japan or Korea.[64]
  • 4% of Germany’s power-engineering workforce depended directly on exports to China in 2024.[73]

Distribution channels in the electromechanical industry

  • 0.75% of electric-motor shipments used the manufacturer-to-distributor-or-retailer-to-contractor-to-end-user channel.[74]
  • 24% of electric-motor shipments used the manufacturer-to-retailer-to-end-user channel.[74]
  • 36% was the authorized-distribution share of the U.S. electromechanical-components market in 2025.[75]
  • 40% of European Union electromechanical-component sales went through distributors in the cited industry survey.[76]
  • 25% of electric-motor shipments used the manufacturer-to-OEM-to-equipment-distributor-to-end-user channel.[74]

Key questions about the electromechanical industry

What is the global interconnect, passive and electromechanical components market size in 2025?
The global interconnect, passive and electromechanical components market was valued at $237.4 billion in 2025.
How fast is the market expected to grow in the 2026–2033 period?
The forecast CAGR for 2026–2033 is 5.5%. Grand View Research also forecasts the market to reach $361.6 billion by 2033.
Which companies lead the electromechanical industry?
Schneider Electric stands out for electrification and automation in industry, buildings and infrastructure because it records an 18.7% operating margin and R&D at 5.6% of revenue, while Siemens focuses on industrial automation and electrification since it supplies these technologies globally with R&D at 8.3% of revenue.
What technology shifts are showing up in industrial production in the latest data?
In 2024, 11% of EU manufacturing enterprises with at least 10 employees used AI, up from 7% in 2021. 57% of manufacturing companies used an artificial-intelligence system or partner to analyze collected data in 2024.
How does distribution shape market structure for electromechanical components?
Distribution sales accounted for 61.3% of revenue in 2025, based on the market segmentation data.
Why are buyers seeing longer lead times and higher prices for grid electromechanical equipment?
Procurement lead times reached two to three years for cables and up to four years for large power transformers, and cable prices nearly doubled between 2019 and 2024.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Electromechanical Industry Statistics. Gitnux. https://gitnux.org/electromechanical-industry-statistics
MLA
Samuel Norberg. "Electromechanical Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/electromechanical-industry-statistics.
Chicago
Samuel Norberg. 2026. "Electromechanical Industry Statistics." Gitnux. https://gitnux.org/electromechanical-industry-statistics.

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