Electrical Equipment & Parts
Distinct from consumer electronics, this sector manufactures the heavy-duty components, such as transformers, switchgear, and motors, used to power industrial operations and electrical grids.
Why it exists
Electrical equipment manufacturers produce the components that transmit, convert, protect, and manage electrical energy.
Why it’s necessary
Power systems, automation infrastructure, buildings, and industrial processes require reliable electrical components to ensure safety and continuous operation.
Key components
Switchgear and transformers
Circuit protection
Electric motors
Power distribution equipment
How to evaluate businesses
Key drivers include reliability, safety certifications, manufacturing quality, exposure to construction and industrial cycles, and ability to serve grid modernization projects. Aftermarket service contracts boost recurring revenue.
How the industry could be improved
Smart-grid integration, connected diagnostics, energy-efficient designs, and real-time monitoring could help utilities and industrial users reduce downtime and energy losses.