U.S.: Market for Switchgear And Switchboard Apparatus 2025

Market Size for Switchgear And Switchboard Apparatus in the U.S.

The U.S. switchgear and switchboard apparatus market contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Switchgear and switchboard apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Switchgear And Switchboard Apparatus in the U.S.

In value terms, switchgear and switchboard apparatus production dropped to $X in 2022. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Switchgear and switchboard apparatus production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Switchgear And Switchboard Apparatus

Exports from the U.S.

Switchgear and switchboard apparatus exports from the United States skyrocketed to X units in 2022, picking up by X% on the previous year. Over the period under review, total exports indicated buoyant growth from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, switchgear and switchboard apparatus exports reached $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units) was the main destination for switchgear and switchboard apparatus exports from the United States, accounting for a X% share of total exports. Moreover, switchgear and switchboard apparatus exports to Mexico exceeded the volume sent to the second major destination, the Dominican Republic (X units), threefold. China (X units) ranked third in terms of total exports with an X% share.

From 2013 to 2022, the average annual growth rate of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and China (X% per year).

In value terms, Mexico ($X), Canada ($X) and China ($X) constituted the largest markets for switchgear and switchboard apparatus exported from the United States worldwide, with a combined X% share of total exports. Germany, the Dominican Republic, the Netherlands and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average switchgear and switchboard apparatus export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Switchgear And Switchboard Apparatus

Imports into the U.S.

In 2022, supplies from abroad of switchgear and switchboard apparatus increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, switchgear and switchboard apparatus imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) constituted the largest switchgear and switchboard apparatus supplier to the United States, accounting for a X% share of total imports. Moreover, switchgear and switchboard apparatus imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Japan (X units), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of switchgear and switchboard apparatus to the United States, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2013 to 2022, the average annual growth rate of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Canada (X% per year).

Import Prices by Country

The average switchgear and switchboard apparatus import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, import price indicated a prominent increase from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, switchgear and switchboard apparatus import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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