U.S. Electrical Equipment Market Size & Opportunities Analysis - Growth Strategies, Competitiveness, and Forecasts (2025

Description

The U.S. electrical equipment market was valued at USD 520.4 billion in 2024 and is expected to reach USD 771.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2032. The market growth is driven by the increasing demand for electricity across residential, commercial, and industrial sectors, fueled by urbanization, industrial activities, and the growing number of data centers. The shift toward renewable energy also plays a pivotal role, driving the need for specialized electrical equipment such as inverters and energy storage systems to integrate intermittent energy sources into the grid.

The rise of electric vehicles (EVs) is creating a new demand for charging infrastructure and battery management systems, further propelling the market. Additionally, smart grid technology, automation, and IoT-enabled solutions are transforming power delivery systems, making them more efficient, resilient, and adaptable to modern demands. Government investments, such as those under the Infrastructure Investment and Jobs Act, are accelerating the modernization of the U.S. electrical grid, contributing to the market's expansion.

Key Insights

The U.S. electrical equipment market is projected to grow from USD 520.4 billion in 2024 to USD 771.7 billion by 2032, with a CAGR of 5.2%.

Electric motors dominate the market, holding a 70% share in 2024 due to their wide application across manufacturing, automobiles, HVAC systems, and industrial automation. The rise of automation and the demand for energy-efficient motors further drive this segment.

The fastest-growing category is battery and energy storage systems, driven by the transition to renewable energy and the increasing need for reliable energy storage solutions.

Medium voltage equipment (1-69 kV) is growing rapidly, with a CAGR of 6.5%, driven by the expansion of renewable energy infrastructure, grid modernization, and industrial automation.

Utilities represent the largest end-use sector, accounting for 60% of market revenue in 2024. The modernization of the national grid and expansion of high-voltage transmission networks are key factors driving this segment.

The South region holds the largest market share at 40%, driven by the growth of industrial operations, large-scale energy production facilities, and a significant presence of data centers.

The West is the fastest-growing region, driven by rapid urban development, technology infrastructure expansion, and increasing investments in renewable energy projects.

The growing focus on sustainability and energy efficiency is pushing companies to adopt smart technologies, such as intelligent switchgear and automated systems, to optimize power distribution and reduce operational costs.

Key players in the market include General Electric, Schneider Electric, Siemens, ABB, and Mitsubishi Electric, with these companies focusing on enhancing product capabilities and meeting the growing demand for smart, energy-efficient solutions.

Product Code: 13523

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Product Type
- 1.4.2. Market Size Breakdown, by Voltage Type
- 1.4.3. Market Size Breakdown, by Application
- 1.4.4. Market Size Breakdown, by End User
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Supply Chain and Value Chain Insights
5.8. Economic and Regulatory Impact
5.9. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. U.S. Market

7.1. Overview
7.2. Market Revenue, by Product Type (2019-2032)
7.3. Market Revenue, by Voltage Type (2019-2032)
7.4. Market Revenue, by Application (2019-2032)
7.5. Market Revenue, by End User (2019-2032)
7.6. Market Revenue, by Country (2019-2032)

Chapter 8. Northeast Market

8.1. Overview
8.2. Economic Indicators
8.3. Demographics and Population Insights
8.4. Regional Hotspots
8.5. Growth Drivers
8.6. Challenges and Barriers
8.7. Competitive Strategies
8.8. Emerging Players
8.9. Import/Export Policies
8.10. Compliance Requirements
8.11. Emerging Investment Areas
8.12. Major Ongoing Projects
8.13. Market Size and Forecast
- 8.13.1. Market Revenue, by Product Type (2019-2032)
- 8.13.2. Market Revenue, by Voltage Type (2019-2032)
- 8.13.3. Market Revenue, by Application (2019-2032)
- 8.13.4. Market Revenue, by End User (2019-2032)

Chapter 9. Midwest Market

9.1. Overview
9.2. Economic Indicators
9.3. Demographics and Population Insights
9.4. Regional Hotspots
9.5. Growth Drivers
9.6. Challenges and Barriers
9.7. Competitive Strategies
9.8. Emerging Players
9.9. Import/Export Policies
9.10. Compliance Requirements
9.11. Emerging Investment Areas
9.12. Major Ongoing Projects
9.13. Market Size and Forecast
- 9.13.1. Market Revenue, by Product Type (2019-2032)
- 9.13.2. Market Revenue, by Voltage Type (2019-2032)
- 9.13.3. Market Revenue, by Application (2019-2032)
- 9.13.4. Market Revenue, by End User (2019-2032)

Chapter 10. West Market

10.1. Overview
10.2. Economic Indicators
10.3. Demographics and Population Insights
10.4. Regional Hotspots
10.5. Growth Drivers
10.6. Challenges and Barriers
10.7. Competitive Strategies
10.8. Emerging Players
10.9. Import/Export Policies
10.10. Compliance Requirements
10.11. Emerging Investment Areas
10.12. Major Ongoing Projects
10.13. Market Size and Forecast
- 10.13.1. Market Revenue, by Product Type (2019-2032)
- 10.13.2. Market Revenue, by Voltage Type (2019-2032)
- 10.13.3. Market Revenue, by Application (2019-2032)
- 10.13.4. Market Revenue, by End User (2019-2032)

Chapter 11. South Market

11.1. Overview
11.2. Economic Indicators
11.3. Demographics and Population Insights
11.4. Regional Hotspots
11.5. Growth Drivers
11.6. Challenges and Barriers
11.7. Competitive Strategies
11.8. Emerging Players
11.9. Import/Export Policies
11.10. Compliance Requirements
11.11. Emerging Investment Areas
11.12. Major Ongoing Projects
11.13. Market Size and Forecast
- 11.13.1. Market Revenue, by Product Type (2019-2032)
- 11.13.2. Market Revenue, by Voltage Type (2019-2032)
- 11.13.3. Market Revenue, by Application (2019-2032)
- 11.13.4. Market Revenue, by End User (2019-2032)

Chapter 12. Company Profiles

Chapter 13. Appendix

13.1. Sources and References
13.2. Related Reports

U.S. Electrical Equipment Market Size & Opportunities Analysis - Growth Strategies, Competitiveness, and Forecasts (2025 - 2032)