The market is dominated by foreign suppliers, as imports account for 69.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 97.2% of total demand in 2022. The US has the largest market size for electric motors, generators and transformers across the top 20 developed countries, with demand reaching USD58.4 billion in 2022. General Electric Co (GE) is the largest company in the US, generating 8.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 33.1% of total production value in 2022. The total number of companies decreases in 2022, to 2,390 units. The costs of the industry increase by 3.8% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 22.5% of production value in 2022, the highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 43.5% of total production output. With production value of USD29.0 billion, the US accounts for 81.2% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Electric Motors, Generators and Transformers in the US: ISIC 311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Motors, Generators and Transformers in the US: ISIC 311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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