Report Update: Apr 1, 2024

U.S. - Electrical Apparatus for Circuit Connection, Switching and Protection - Market Analysis, Forecast, Size, Trends and Insights

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Electrical Circuit Apparatus Prices in the United States

U.S. Electrical Circuit Apparatus Import Price per Ton in May 2022

In May 2022, the electrical circuit apparatus price per ton amounted to $1.4K (CIF, US), growing by 9.7% against the previous month. Over the last four-month period, it increased at an average monthly rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the Dominican Republic ($37.9K per ton), while the price for Italy ($2.9K per ton) was amongst the lowest.

From January 2022 to May 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Electrical Circuit Apparatus Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kv ($415.7K per ton), while the price for electrical apparatus ($289.4 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by electrical apparatus; automatic circuit breakers, for a voltage of 72.5kv or more (+29.4%), while the prices for the other products experienced more modest paces of growth.

U.S. Electrical Circuit Apparatus Imports

In August 2022, supplies from abroad of electrical apparatus for circuit connection, switching and protection decreased by -3.1% to 909K tons for the first time since May 2022, thus ending a two-month rising trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 19% m-o-m. As a result, imports attained the peak of 1M tons. From April 2022 to August 2022, the growth of imports remained at a lower figure.

In value terms, electrical circuit apparatus imports expanded slightly to $1.4B (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +3.5% from January 2022 to August 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 21% month-to-month. Imports peaked in August 2022.

U.S. Electrical Circuit Apparatus Imports by Type

In August 2022, electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts (445K tons) constituted the largest type of electrical circuit apparatus supplied to the United States, with a 49% share of total imports. Moreover, electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts exceeded the figures recorded for the second-largest type, electrical apparatus (134K tons), threefold. The third position in this ranking was held by electrical apparatus (104K tons), with an 11% share.

From January 2022 to August 2022, the average monthly growth rate of the volume of import of electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: electrical apparatus (+1.8% per month) and electrical apparatus (-0.2% per month).

In value terms, the most traded types of electrical apparatus for circuit connection, switching and protection in the United States were electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts ($303M), electrical apparatus ($272M) and electrical apparatus; n.e.s. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts ($264M), together accounting for 62% of total imports. These products were followed by electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts, electrical apparatus, electrical apparatus, electrical apparatus; relays, (for a voltage not exceeding 60 volts), connectors for optical fibres, optical fibre bundles or cables, electrical apparatus, isolating switches & make-and-break switches, electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kv, electrical apparatus, electrical apparatus, electrical apparatus and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kv or more, which together accounted for a further 38%.

U.S. Electrical Circuit Apparatus Imports by Country

Mexico (19K tons), China (16K tons) and Italy (12K tons) were the main suppliers of electrical circuit apparatus imports to the United States, together accounting for 5.1% of total imports. Japan, Germany, Taiwan (Chinese), India, Canada, the Dominican Republic, Romania, Vietnam and South Korea lagged somewhat behind, together comprising a further 2.7%.

From January 2022 to May 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +75.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($375M), China ($244M) and Germany ($84M) were the largest electrical circuit apparatus suppliers to the United States, together accounting for 55% of total imports. Japan, the Dominican Republic, Taiwan (Chinese), Italy, South Korea, India, Canada, Vietnam and Romania lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Italy, with a CAGR of +10.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical circuit apparatus market 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:

Prodcom 27121010 - Fuses for a voltage > 1 kV
Prodcom 27121020 - Automatic circuit breakers
Prodcom 27121030 - Isolating switches and make-and-break switches
Prodcom 27121040 - Lightning arresters, voltage limiters and surge suppressors for a voltage > 1 kV
Prodcom 27121090 - Other apparatus for switching... electrical circuits > 1 .000 V
Prodcom 27122130 - Fuses for a voltage . 1 kV and for a current . .10 A
Prodcom 27122150 - Fuses for a voltage . 1 kV and for a current > .10 A but . .63 A
Prodcom 27122170 - Fuses for a voltage . 1 kV and for a current > .63 A
Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
Prodcom 27122250 - Automatic circuit breakers for a voltage . 1 kV and for a current > .63 A
Prodcom 27122330 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and a current . .16 A (excluding fuses, a utomatic circuit breakers)
Prodcom 27122350 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and for a current > .16 A but . .125 A (excluding fuses, automatic circuit breakers)
Prodcom 27122370 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and for a current > .125 A (excluding fuses, a utomatic circuit breakers)
Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
Prodcom 27331100 - Electrical apparatus for switching electrical circuits for a voltage . 1 kV (including push-button and rotary switches) (excluding relays)
Prodcom 27331200 - Lamp-holders for a voltage . 1 kV
Prodcom 27331310 - Plugs and sockets for coaxial cables for a voltage . 1 kV
Prodcom 27331330 - Plugs and sockets for printed circuits for a voltage . 1 kV
Prodcom 27331350 - Plugs and sockets for a voltage . 1 kV (excluding for coaxial cables, for printed circuits)
Prodcom 27331360 - Prefabricated elements for electrical circuits for a voltage . 1 kV
Prodcom 27331370 - Connections and contact elements for wires and cables for a voltage . 1 kV
Prodcom 27331380 - Other apparatus for connections to or in electrical circuit, v oltage . 1 .000 V

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023