Companies in this industry manufacture electrical equipment, appliances, and electrical components. Major companies include Energizer Holdings, GE, General Cable, Hubbell, Rockwell Automation, and Whirlpool (all based in US), as well as Legrand (France), LG Electronics (South Korea), Mitsubishi Electric (Japan), Philips Lighting (the Netherlands), Prysmian (Italy), and Siemens (Germany).
Due to product diversity, demand is driven by a number of factors, including consumer income, construction spending, and industrial production. The profitability of individual companies depends on efficient operations, technological expertise, and effective marketing. Large companies have economies of scale in purchasing, production, marketing, and distribution. Small companies can compete by offering niche or specialty products, and through superior customer service. Overall, the industry is concentrated: the top 50 companies account for more than 50% of industry revenue. Some specific industries in the electrical products sector -- including batteries, appliances, and motors and generators -- are highly concentrated. The top 50 companies in each of these industries account for 80% or more of industry revenue.
Products, Operations & Technology
Major products include household appliances, communication and energy wire and cable, wiring devices, and lighting equipment. Other primary categories include batteries, industrial controls, motors and generators, switchgear and switchboard equipment, and transformers.