U.S. Switchgear And Switchboard Apparatus Market. Analysis And Forecast to 2030
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View PricingSwitchgear and Switchboard Apparatus Import in United States Peaks at $1.7B in March 2023
U.S. Switchgear And Switchboard Apparatus Imports
Switchgear and switchboard apparatus imports into the United States expanded notably to 257M units in March 2023, growing by 15% against February 2023. In general, imports, however, saw a slight contraction. The most prominent rate of growth was recorded in May 2022 with an increase of 21% m-o-m. As a result, imports attained the peak of 314M units. From June 2022 to March 2023, the growth of imports remained at a lower figure.
In value terms, switchgear and switchboard apparatus imports soared to $1.7B (IndexBox estimates) in March 2023. The total import value increased at an average monthly rate of +1.1% over the period from March 2022 to March 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain months. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| COUNTRY | Import Value of Switchgear And Switchboard Apparatus in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Mexico | 633 | 575 | 598 | 606 | 578 | 638 | 612 | 630 | 619 | 575 | 638 | 621 | 745 |
| Canada | 99.0 | 92.6 | 102 | 104 | 99.7 | 103 | 107 | 94.0 | 98.1 | 100 | 109 | 106 | 128 |
| China | 130 | 121 | 132 | 139 | 143 | 161 | 153 | 137 | 130 | 132 | 121 | 112 | 116 |
| Germany | 61.8 | 51.0 | 70.4 | 63.7 | 66.2 | 81.6 | 79.0 | 92.9 | 78.3 | 64.2 | 88.3 | 94.6 | 96.0 |
| Japan | 61.2 | 60.3 | 56.4 | 47.5 | 55.4 | 47.1 | 54.1 | 58.0 | 55.8 | 70.8 | 49.3 | 45.4 | 66.7 |
| Dominican Republic | 77.8 | 46.2 | 55.6 | 63.4 | 66.4 | 50.1 | 69.0 | 55.5 | 65.9 | 48.8 | 56.7 | 54.0 | 61.9 |
| Italy | 29.9 | 33.5 | 34.3 | 30.3 | 35.1 | 37.3 | 31.8 | 37.0 | 34.9 | 47.5 | 33.1 | 32.0 | 41.4 |
| Thailand | 26.6 | 21.9 | 28.3 | 24.8 | 24.5 | 31.0 | 26.9 | 33.3 | 23.8 | 22.3 | 25.4 | 19.9 | 39.4 |
| Taiwan (Chinese) | 43.3 | 30.1 | 34.4 | 33.2 | 35.7 | 41.6 | 39.8 | 36.9 | 41.1 | 34.1 | 27.7 | 28.5 | 34.5 |
| India | 24.1 | 23.4 | 22.6 | 17.5 | 23.4 | 22.5 | 26.1 | 22.1 | 20.8 | 23.3 | 28.3 | 22.7 | 24.5 |
| Switzerland | 16.7 | 8.9 | 12.1 | 7.3 | 5.6 | 6.1 | 6.5 | 7.4 | 11.5 | 8.2 | 8.1 | 10.1 | 19.3 |
| Philippines | 11.6 | 16.2 | 12.1 | 14.2 | 10.3 | 11.3 | 14.8 | 13.6 | 11.9 | 15.9 | 13.2 | 6.1 | 9.8 |
| Others | 244 | 254 | 277 | 266 | 277 | 291 | 282 | 317 | 301 | 267 | 286 | 285 | 291 |
| Total | 1,459 | 1,334 | 1,435 | 1,417 | 1,421 | 1,522 | 1,502 | 1,535 | 1,492 | 1,409 | 1,484 | 1,436 | 1,672 |
Imports by Country
In March 2023, Mexico (116M units) constituted the largest supplier of switchgear and switchboard apparatus to the United States, with a 45% share of total imports. Moreover, switchgear and switchboard apparatus imports from Mexico exceeded the figures recorded by the second-largest supplier, Japan (33M units), threefold. The third position in this ranking was held by China (17M units), with a 6.6% share.
From March 2022 to March 2023, the average monthly growth rate of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-0.5% per month) and China (-6.0% per month).
In value terms, Mexico ($745M) constituted the largest supplier of switchgear and switchboard apparatus to the United States, comprising 45% of total imports. The second position in the ranking was held by Canada ($128M), with a 7.6% share of total imports. It was followed by China, with a 6.9% share.
From March 2022 to March 2023, the average monthly growth rate of value from Mexico amounted to +1.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+2.1% per month) and China (-1.0% per month).
Import Prices by Country
In March 2023, the switchgear and switchboard apparatus price stood at $6.5 per unit (CIF, US), rising by 1.6% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in June 2022 when the average import price increased by 22% m-o-m. The import price peaked in March 2023.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Germany ($14.6 per unit), while the price for the Philippines ($1.2 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
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.
Product coverage:
- NAICS 335313 - Switchgear and switchboard apparatus manufacturing
Companies mentioned:
- Schneider Electric Usa
- S & C Electric Company
- Liebert Corporation
- Mitsubishi Electric Power Products
- Littelfuse
- Grayhill
- G & W Electric Company
- Hitachi Hvb
- Russelectric
- Southern States
- M. & G. Electronics Corp.
- Coghlin Companies
- Cooper Bussmann
- Powercon Corporation
- Delta Systems
- Switchcraft
- Technology Research Corporation
- Indicon Corporation
- Professional Power Products
- GE Zenith Controls
- Northern Star Industries
- Simplex
- M&I Electric Industries
- Alstom Grid
- Electro Switch Corp.
- Korry Electronics Co.
- McGraw-Edison Company
- Luminator Technology Group
- Switchcraft Holdco
- US Test Company 507
- Kinetek Industries
- Columbia Electrical Contractors
- Cutler-Hammer De Puerto Rico
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
