Switchgear and Switchboard Apparatus Manufacturing - Market Size, Financial Statistics, Industry Trends

Industry Overview

This U.S. industry comprises establishments primarily engaged in manufacturing switchgear and switchboard apparatus. Illustrative Examples: Circuit breakers, power, manufacturing Control panels, electric power distribution, manufacturing Ducts for electrical switchboard apparatus manufacturing Fuses, electric, manufacturing Power switching equipment manufacturing Switches, electric power (except pushbutton, snap, solenoid, tumbler), manufacturing Cross-References. Establishments primarily engaged in--
Source: U.S. Census Bureau

Switchgear and Switchboard Apparatus Manufacturing Market Size

This report includes historical and forecasted market sizes and industry trends for Switchgear and Switchboard Apparatus Manufacturing. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Switchgear and Switchboard Apparatus Manufacturing industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Switchgear and Switchboard Apparatus Manufacturing industry.

Geographic Breakdown by U.S. State

Switchgear and Switchboard Apparatus Manufacturing market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Switchgear and Switchboard Apparatus Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Switchgear and Switchboard Apparatus Manufacturing
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" Switchgear and Switchboard Apparatus Manufacturing company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
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

Financial Ratio Analysis

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

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

Products and Services Mix

Product lines and services in the Switchgear and Switchboard Apparatus Manufacturing industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Switchgear and switchboard apparatus mfg.	Included
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

Compensation and Salary Surveys

Salary information for employees working in the Switchgear and Switchboard Apparatus Manufacturing industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	7%	Included
Chief Executives	0%
General and Operations Managers	2%
Business and Financial Operations Occupations	5%
Architecture and Engineering Occupations	15%
Engineers	11%
Office and Administrative Support Occupations	8%
Production Occupations	51%
Assemblers and Fabricators	32%
Electrical, Electronics, and Electromechanical Assemblers	22%
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers	19%
Miscellaneous Assemblers and Fabricators	8%
Assemblers and Fabricators, All Other, Including Team Assemblers	8%
Metal Workers and Plastic Workers	10%
Other Production Occupations	5%

Government Contracts

The federal government spent an annual total of $89,619,920 on the Switchgear and Switchboard Apparatus Manufacturing industry. It has awarded 1,369 contracts to 334 companies, with an average value of $268,323 per company.

Top Companies in Switchgear and Switchboard Apparatus Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included