Ntect | Industry profile

Electrical equipment, appliances, and components
Industry profile, February 2020

Sections: Description | Pricing | Costs | Demand | Appendix

This page is an industry profile for the Electrical equipment, appliances, and components industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.

Industry Description

Industries in the Electrical Equipment, Appliance, and Component Manufacturing subsector manufacture products that generate, distribute and use electrical power. Electric Lighting Equipment Manufacturing establishments produce electric lamp bulbs, lighting fixtures, and parts. Household Appliance Manufacturing establishments make both small and major electrical appliances and parts. Electrical Equipment Manufacturing establishments make goods, such as electric motors, generators, transformers, and switchgear apparatus. Other Electrical Equipment and Component Manufacturing establishments make devices for storing electrical power (e.g., batteries), for transmitting electricity (e.g., insulated wire), and wiring devices (e.g., electrical outlets, fuse boxes, and light switches).

This industry description was sourced from the North American Industry Classification System.

Industry Pricing

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As of January 2020, prices in this industry had 0 percent since the previous quarter.
From January 2019 to January 2020 prices in this industry increased 0.4 percent.
Prices increased 7.2 percent in the five year period starting in January 2015 and ending in January 2020.

0%
From the previous quarter ¹

+0.4%
From the previous year ¹

+7.2%
From five years ago ¹

Industry Costs

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As of January 2020, costs in this industry had 0 percent since the previous quarter.
From January 2019 to January 2020 costs in this industry decreased 1.4 percent.
Costs increased 11 percent in the five year period starting in January 2015 and ending in January 2020.

0%
From the previous quarter ³

-1.4%
From the previous year ³

+11%
From five years ago ³

For details on which industries are included in each sector, click here

The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 54.7% of the industry's overall costs.
From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Professional, Scientific, and Technical Services sector. Costs associated with this sector decreased -4.7%.

**Major Industry Costs by Sector**
Sector Name	Percentage of Costs	Annual Percent Change ⁴
Manufacturing	54.7%	-2.5%
Labor	35.3%	+0.4%
Wholesale Trade	1.9%	+1.9%
Professional, Scientific, and Technical Services	1.8%	-4.7%
Management of Companies and Enterprises	1.4%	-1.6%

Industry Demand

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As of July 2019, demand for this industry had increased 4.1 percent since the previous quarter.
From July 2018 to January 2020 costs in this industry increased 11.7 percent.
Costs increased 22.4 percent in the five year period starting in July 2014 and ending in July 2019.

+4.1%
From the previous quarter ⁴

+11.7%
From the previous year ⁴

+22.4%
From five years ago ⁴