2024 Switchgear & Switchboard Apparatus Manufacturing Industry Research Report

Switchgear & Switchboard Apparatus Manufacturing - Market Size and Industry Forecast

The 2024 Switchgear and Switchboard Apparatus Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the switchgear & switchboard apparatus manufacturing industry.

HistoricalForecasted
20192020202120222023202420252026202720282029
Market Size (Total Revenue)

Lock

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Switchgear & Switchboard Apparatus Manufacturing - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Switchgear & Switchboard Apparatus Manufacturing companies in the United States.

Switchgear & Switchboard Apparatus Manufacturing Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesSwitchgear & Switchboard Apparatus Manufacturing
Small Business (< 5 Employees)

Lock

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Switchgear & Switchboard Apparatus Manufacturing - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Lock

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Switchgear & Switchboard Apparatus Manufacturing - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Lock

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Switchgear & Switchboard Apparatus Manufacturing - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)

Switchgear and switchboard apparatus mfg.

Lock

Power circuit breakers, all voltages

Low volt. panelboards/distribution boards, 1000 volts/less

Fuses/fuse equip. 2300 volts/less (exc. power distrib. cut-outs)

Molded case circuit breakers, 1000 volts or less

Duct, including plug-in units and accessories, 1000 volts/less

Switchgear, except ducts and relays

Switchgear & switchboard apparatus manufacturing, nsk, total

Switchgear & switchboard apparatus, nsk, nonadmin-records

Switchgear & switchboard apparatus, nsk, admin-records


Switchgear & Switchboard Apparatus Manufacturing - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations7%

Lock

Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations5%
Architecture and Engineering Occupations15%
Engineers11%
Office and Administrative Support Occupations8%
Production Occupations51%
Assemblers and Fabricators32%
Electrical, Electronics, and Electromechanical Assemblers22%
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers19%
Miscellaneous Assemblers and Fabricators8%
Assemblers and Fabricators, All Other, Including Team Assemblers8%
Metal Workers and Plastic Workers10%
Other Production Occupations5%

Government Contracts

In the past, the federal government spent an annual total of $89,619,920 on the switchgear & switchboard apparatus manufacturing industry. It has awarded 1,369 contracts to 334 companies, with an average value of $268,323 per company.

Switchgear & Switchboard Apparatus Manufacturing and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

Lock





Switchgear & Switchboard Apparatus Manufacturing Industry Report
GeographyUnited States  
Publication DateMarch 2024
Report FormatPDF Download  PDF
Price

Related Market Research Reports

Electrical Equipment, Appliance & Component Manufacturing
Electric Lighting Equipment Manufacturing
Light Bulb Manufacturing
Light Bulb & Part Manufacturing
Lighting Fixture Manufacturing
Residential Electric Lighting Fixture Manufacturing
Commercial, Industrial & Institutional Electric Lighting Fixture Manufacturing
Household Appliance Manufacturing
Small Electrical Appliance & Fan Manufacturing
Household Vacuum Cleaner Manufacturing
Fan, Vacuum & Small Electrical Appliance Manufacturing
Electric Housewares & Household Fan Manufacturing
Household Laundry Equipment Manufacturing
Household Cooking Appliance Manufacturing
Household Refrigerator & Home Freezer Manufacturing
Major Appliance Manufacturing
Electrical Equipment Manufacturing
Power, Distribution & Specialty Transformer Manufacturing
Motor & Generator Manufacturing
Switchgear & Switchboard Apparatus Manufacturing
Relay & Industrial Control Manufacturing
Battery Manufacturing
Storage Battery Manufacturing
Primary Battery Manufacturing
Communication & Energy Wire & Cable Manufacturing
Fiber Optic Cable Manufacturing
Wiring Device Manufacturing
Current-Carrying Wiring Device Manufacturing
Noncurrent-Carrying Wiring Device Manufacturing
Carbon & Graphite Product Manufacturing