On : 24 January 2025
• The United States Electrical Apparatus market size was valued at US$ 52.3 billion in 2024 and is projected to reach US$ 68.7 billion by 2030, at a CAGR of 4.7% during the forecast period 2024-2030.
Report Studies
• The US Electrical Apparatus market is growing steadily, driven by grid modernization efforts, increasing electrification across industries, and the integration of smart technologies. In 2023, total market revenue reached $50.1 billion, with industrial applications accounting for 45% of market value. The market saw a 15% increase in demand for smart switchgear in 2023, offering advanced monitoring and control capabilities. Use of solid-state transformers is growing at 22% annually, albeit from a small base. The market is witnessing a trend towards IoT-enabled electrical apparatus, with a 28% year-over-year increase in sales of connected devices for predictive maintenance. Adoption of medium voltage DC systems for data centers and renewable energy integration grew by 35% in 2023. Key manufacturers are focusing on developing eco-friendly electrical apparatus, with a 40% increase in product launches featuring SF6-free switchgear. The industry is also seeing increased investment in cybersecurity for critical electrical infrastructure, with a 50% rise in spending on secure communication protocols and intrusion detection systems for smart grid applications.
