U.S. Switchgear And Switchboard Apparatus Market. Analysis And Forecast to 2030
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Switchgear and Switchboard Apparatus in the United States - 2023
Contents:
- Price for Switchgear and Switchboard Apparatus in the United States (CIF) - 2023
- Price for Switchgear and Switchboard Apparatus in the United States (FOB) - 2023
- Imports of Switchgear and Switchboard Apparatus in the United States
- Exports of Switchgear and Switchboard Apparatus in the United States
Price for Switchgear and Switchboard Apparatus in the United States (CIF) - 2023
In August 2023, the average switchgear and switchboard apparatus import price amounted to $6.5 per unit, flattening at the previous month. Overall, the import price, however, continues to indicate slight growth. The growth pace was the most rapid in December 2022 when the average import price increased by 17% month-to-month. The import price peaked at $6.9 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($18.4 per unit), while the price for the Philippines ($1.0 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Switchgear and Switchboard Apparatus in the United States (FOB) - 2023
In August 2023, the average switchgear and switchboard apparatus export price amounted to $2.9 per unit, falling by -2.3% against the previous month. In general, export price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, switchgear and switchboard apparatus export price decreased by -2.7% against June 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 15% month-to-month. Over the period under review, the average export prices reached the maximum at $3.0 per unit in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Canada ($28.5 per unit), while the average price for exports to the Dominican Republic ($466 per thousand units) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Switchgear and Switchboard Apparatus in the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of switchgear and switchboard apparatus, which increased by 2.1% to 3.1B units in 2022. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, switchgear and switchboard apparatus imports soared to $16.8B in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Switchgear and Switchboard Apparatus in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5,536 | 5,104 | 5,874 | 7,042 | 8.4% |
| China | 1,925 | 1,570 | 1,615 | 1,612 | -5.7% |
| Canada | 724 | 710 | 946 | 1,151 | 16.7% |
| Germany | 718 | 609 | 739 | 803 | 3.8% |
| Dominican Republic | 599 | 621 | 625 | 685 | 4.6% |
| Japan | 604 | 564 | 664 | 679 | 4.0% |
| Taiwan (Chinese) | 159 | 172 | 292 | 438 | 40.2% |
| Italy | 202 | 212 | 254 | 403 | 25.9% |
| India | 128 | 145 | 194 | 265 | 27.5% |
| France | 311 | 228 | 210 | 220 | -10.9% |
| Philippines | 122 | 92.9 | 120 | 150 | 7.1% |
| Switzerland | 123 | 111 | 120 | 103 | -5.7% |
| Others | 2,264 | 2,432 | 2,857 | 3,294 | 13.3% |
| Total | 13,416 | 12,571 | 14,511 | 16,845 | 7.9% |
Top Suppliers of Switchgear and Switchboard Apparatus to the United States in 2022:
- Mexico (1317.5M units)
- China (369.6M units)
- Japan (295.0M units)
- India (142.0M units)
- Philippines (139.3M units)
- Germany (135.8M units)
- Canada (115.1M units)
- Taiwan (Chinese) (104.1M units)
- Switzerland (79.4M units)
- Dominican Republic (71.0M units)
- Italy (54.3M units)
- France (51.0M units)
Exports of Switchgear and Switchboard Apparatus in the United States
Switchgear and switchboard apparatus exports from the United States soared to 3.5B units in 2022, picking up by 30% on the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, switchgear and switchboard apparatus exports rose sharply to $7.2B in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Switchgear and Switchboard Apparatus in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,721 | 1,595 | 1,869 | 1,991 | 5.0% |
| Canada | 1,482 | 1,263 | 1,466 | 1,776 | 6.2% |
| China | 373 | 383 | 438 | 407 | 3.0% |
| Germany | 320 | 259 | 281 | 380 | 5.9% |
| Dominican Republic | 236 | 243 | 262 | 268 | 4.3% |
| Netherlands | 132 | 116 | 130 | 151 | 4.6% |
| Hong Kong SAR | 65.8 | 49.7 | 52.2 | 56.1 | -5.2% |
| Others | 2,142 | 1,856 | 1,911 | 2,180 | 0.6% |
| Total | 6,472 | 5,764 | 6,409 | 7,210 | 3.7% |
Top Export Markets for Switchgear and Switchboard Apparatus from the United States in 2022:
- Mexico (2084.5M units)
- Dominican Republic (653.2M units)
- China (280.6M units)
- Germany (84.0M units)
- Canada (72.4M units)
- Netherlands (58.7M units)
- Hong Kong SAR (56.3M units)
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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
1449
This report provides an in-depth analysis of the market for switchgear and switchboard apparatus in the U.S..
929
This report provides an in-depth analysis of the noncurrent-carrying wiring device market in the U.S..
314
This report provides an in-depth analysis of the market for all other miscellaneous electrical equipment and component in the USA.
1050
This report provides an in-depth analysis of the storage battery market in the U.S..
794
This report provides an in-depth analysis of the small electrical appliance market in the U.S..
955
This report provides an in-depth analysis of the market for residential electric lighting fixture in the U.S..
910
This report provides an in-depth analysis of the market for relay and industrial control in the U.S..
1233
This report provides an in-depth analysis of the primary battery market in the U.S..
1568
This report provides an in-depth analysis of the market for power, distribution and specialty transformer in the U.S..
1241
This report provides an in-depth analysis of the market for carbon and graphite products in the U.S..
211
The price of Switchgear And Switchboard Apparatus in August 2023 was $6.5 per unit (CIF, US), which remained relatively unchanged from the previous month.
274
In value terms, switchgear and switchboard apparatus imports soared to $1.7B in March 2023.
254
In November 2022, the switchgear and switchboard apparatus price amounted to $5.5 per unit (CIF, US), picking up by 9.5% against the previous month.
744
In value terms, switchgear and switchboard apparatus production amounted to $10.4B in 2018. Exports from the U.S.
1681
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
1289
The U.S. takes third place in global noncurrent-carrying wiring device exports with a X% share (based on USD), following China (X%) and Japan (X%). In 2015, the U.S. exported X million USD, -X% under the previous year.
160
During the review period, the number of imports in the storage battery industry reached its peak in November 2022, with 114M units. However, from December 2022 to November 2023, imports showed a slightly lower figure. In terms of value, storage battery imports significantly grew to $2.7B in November 2023.
327
Imports of Storage Batteries in June 2023 decreased to $2.2B in terms of value.
171
In March 2023, the price of Storage Battery fell by -9.9% to $20.8 CIF (Cost, Insurance and Freight) per unit compared to the previous month.
322
In 2020, the amount of storage batteries imported into the U.S. skyrocketed to 645M units, rising by 40% against the previous year. In value terms, storage battery imports skyrocketed from $8.0B to $9.3B.
