Power Conversion Equipment Manufacturing in the US
The Power Conversion Equipment Manufacturing industry has experienced some revenue volatility over the five years to 2018. Prior to the period, revenue dipped precipitously as a result of the economic downturn but recovered quickly thereafter alongside stimulus spending and rebounding exports. More recently, strong demand from residential construction and rising sales of consumer electronics have translated to solid demand for a range of industry products. Over the five years to 2023, IBISWorld expects industry revenue to continue rising. Growing downstream demand from construction and healthy export markets will support solid industry performance during this period. However, imports will continue to flood the industry, heightening external competition and tempering revenue growth.
The Power Conversion Equipment Manufacturing industry comprises operators that manufacture carbon and graphite products, laser systems and electrical power conversion equipment. Products excluded from this industry include electric lighting equipment, household-type appliances, transformers, motors, generators, switchgear, relays, industrial controls, batteries and communication, energy and cable-wiring devices.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.