Wiring Device Manufacturing in the US
The Wiring Device Manufacturing industry has exhibited moderately volatile revenue change over the five years to 2018; however, revenue has decreased overall. Industry performance is related to downstream industrial and construction activity, which have demonstrated large fluctuations. As residential construction activity increased sharply during the first half of the period, industry revenue followed. Additionally, other manufacturers that use industry devices increased production in response to higher spending. However, while downstream markets have improved, low commodity prices have pulled down industry prices and impeded industrial demand. Continued growth in building activity and increased spending on efficient, secure and safe electrical equipment are projected to reverse revenue trends over the five years to 2023. The value of the US dollar is forecast to decline slightly relative to key trading partners, which is expected to increase foreign demand for US products and reduce the level of import penetration in the domestic market.
Companies in this industry manufacture current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits. These include products such as outlet and switch electrical wiring boxes, electrical insulators, transmission pole and line hardware, electrical metallic tubes, switches, conductor connectors, electric sockets, plugs and electric cords.
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.