Electrical Equipment Manufacturers NAICS 3353

        Electrical Equipment Manufacturers

Unlock access to the full platform with more than 900 industry reports and local economic insights.

Get Free Trial

Get access to this Industry Profile including 18+ chapters and more than 50 pages of industry research.

Purchase Report

Industry Summary

The 1,600 electrical equipment manufacturers in the US produce goods that generate, control and distribute power. The industry manufactures a wide range from products including light fixture components; electric motors, generators, and components; power substation transformers; electrical panels and components for buildings; and electrical controls used in machinery.

Reliance on Construction Spending

Electrical equipment manufacturers’ sales are affected by the health of the construction sector.

Electric Grid Modernization

The need to modernize and expand electric grids is a positive for electrical equipment manufacturers.


Recent Developments

Mar 28, 2025 - Tariffs May Complicate Grid Expansion, Maintenance
  • In recent annual reports filed with the Securities and Exchange Commission, some electric utilities named Trump administration tariff policy as a business risk, according to Utility Dive. Tariff-related trade strife could disrupt global supply chains, slowing development and maintenance of electricity infrastructure. An economy weakened by tariffs could reduce demand for electricity, especially from industrial customers. A recent report by the Atlantic Council think tank said tariffs could complicate access to key types of electrical equipment, including transformers. The group noted that about 80% of the transformers used in the US grid are imported. Mexico is the leading supplier. Trump’s 25% tariff on all steel and aluminum imports could drive up the costs for steel used to make transformers in the US.
  • US electricity generation capacity additions in 2025 are expected to be led by solar and battery storage projects, according to the US Energy Information Administration (EIA). The US is projected to add 63 gigawatts (GW) of generating capacity in 2025, led by utility-scale solar with 32.5 GW, followed by battery storage (18.2 GW), wind (7.7 GW), and natural gas (4.4 GW). Additions in Texas (11.6 GW) and California (2.9 GW) will account for nearly half of the solar capacity additions in 2025. Other states that are expected to have significant upticks in solar additions in 2025 include Arizona, Florida, Indiana, Michigan, and New York.
  • The Dodge Momentum Index (DMI) increased by 0.7% in February 2025 to 225.6 (2000=100), up from the revised January reading of 223.9. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which has been shown to lead construction spending for nonresidential buildings by a full year. On a monthly basis, the commercial planning component improved by 3.3%, but institutional declined by 4.6%. Dodge’s associate director of forecasting, Sarah Martin, said, “Planning momentum moderated in February, after a few months of stronger growth. Data centers continue to prop up growth in the overall index. Without them, the DMI would have decreased by 2% this month. Increased uncertainty around material prices and fiscal policies may begin to weigh on planning decisions, but for the time being, planning activity is largely continuing to move forward.”
  • Some home builders are buying up extra lumber, fixtures, appliances, and other materials ahead of Trump administration tariffs, but the strategy could prove risky if high home prices keep buyers away, according to The Wall Street Journal. Some builders are pivoting to less expensive materials or reducing home sizes to offset the potential rise in materials costs brought on by tariffs. Industry observers suggest large home builders are better shielded from tariff-related uncertainty as their size gives them greater buying power to resist price hikes. However, smaller builders are more vulnerable. Building stockpiles of supplies presents risks for builders and distributors if demand dips and they are stuck holding unsold inventory. The National Association of Home Builders estimates that tariffs could increase the cost of building a single-family home by $7,500 to $10,000.

Industry Revenue

Electrical Equipment Manufacturers


Industry Structure

Industry size & Structure

A typical electrical equipment manufacturer employs 90 workers and generates about $27 million annually.

    • The electrical equipment manufacturing industry consists of about 1,600 companies which employ about 147,000 workers and generate about $44 billion annually.
    • Most companies are small, independent operators - about 84% have a single location.
    • The industry is concentrated: the 20 largest firms represent 53% of industry revenue.
    • Customer industries include electric power generators and distributors, lighting equipment manufacturers, industrial machinery manufacturers, motor manufacturers and repair services, electrical component wholesalers and retailers, and electrical contractors.
    • Large companies include General Electric, Honeywell, Schneider Electric, Emerson, and Eaton.

                                  Industry Forecast

                                  Industry Forecast
                                  Electrical Equipment Manufacturers Industry Growth
                                  Source: Vertical IQ and Inforum

                                  Vertical IQ Industry Report

                                  For anyone actively digging deeper into a specific industry.

                                  50+ pages of timely industry insights

                                  18+ chapters

                                  PDF delivered to your inbox