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Electrical Equipment Manufacturing Industry Overview: Trends and Challenges
Smart grid technology creates many opportunities for the electrical equipment manufacturing industry as it enables electrical power conditioning and control of electrical power generation and distribution. The development of smart grids is also leading to increased investments and partnerships in the industry, which helps drive immense growth in the industry.
Due to aging populations around the world, the shortage of skilled labor in the electrical equipment industry will have long-term effects, posing a serious challenge to manufacturers. To meet these challenges, companies are investing more in high-cost labor that is properly skilled and taking advantage of new technologies such as automation to reduce reliance on human skills.
Overview of electrical equipment manufacturing companies on BizVibe: main players and specialized manufacturers
Some of the public and private electrical equipment manufacturing companies on BizVibe include:
- Samsung Electronics Co Ltd
- Hitachi Ltd
- General Electric
- Panasonic Company
- Siemens AG
- TBEA Co.Ltd
- Franklin Electric Co. Inc.
- Regal Beloit Corporation
Key Segments Covered
BizVibe’s information on the electrical equipment manufacturing industry covers the following segments.
Main categories of electrical equipment:
- Manufacturers of electric motors and generators
- Transformer manufacturers
Main specialized categories:
- Relay and Industrial Control Manufacturers
- Switchgear and Panelboard Manufacturers
- Other electrical equipment manufacturers
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