U.S. Switchgear And Switchboard Apparatus Market. Analysis And Forecast to 2030
Update: COVID-19 Impact
U.S. Switchgear and Switchboard Apparatus Imports Tend to Soften Growth in the Recent Years
Photo: © emel82 / Bigstockphoto
The U.S. takes an X% share (based on USD) of global switchgear and switchboard apparatus imports, which put it in second place, following China (X%). In 2015, U.S. switchgear and switchboard apparatus imports totaled X million USD, which was X million USD (+X%) more than the year before.
From 2007 to 2015, U.S. switchgear and switchboard apparatus imports showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next four years, until growth started to decelerate in 2013-2015. There was an annual increase of +X% throughout the analysed period. The peak pre-recession import level of 2008 was surpassed by the U.S. importers in 2010.
Despite softening growth of imports, the U.S. continues to be one of the biggest markets for global exporters.
Mexico was the main supplier of switchgear and switchboard apparatus into the U.S., with a X% share of total U.S. imports (in value terms) in 2015. It was distantly followed by China (X%), Germany (X%) and Japan (X%). Considering the overall fluctuations of imports, the fastest growing suppliers were China (+X% per year) and Mexico (+X% per year) from 2007 to 2015. China strengthened its position in U.S. imports, from X% in 2007 to X% in 2015. The share of Mexico remained stable, while Japan saw its share reduced from X% in 2007 to X% in 2015 (all the figures based on value terms).
From 2007 to 2015, the U.S. was a net importer of switchgear and switchboard apparatus. Moreover, imports grew faster than exports on average over the period under review.
The U.S. trade deficit in this sector deeply worsened over the period under review, growing from X million USD in 2007 to X million USD in 2014. The negative trend accelerated sharply after 2010, with the trade deficit increasing by X% annually in 2010-2015.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for switchgear and switchboard apparatus in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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