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2024 U.S. Industry Statistics & Market Forecast - Power, Distribution, and Specialty Transformer Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Power, Distribution, and Specialty Transformer Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Power, Distribution & Specialty Transformer Manufacturing industry is currently experiencing a range of trends that are shaping the future of the sector. One key trend is the increasing demand for energy-efficient transformers, driven by government regulations and consumer demand for environmentally responsible products. This trend is leading to the development of advanced materials and designs that reduce energy loss and improve transformer efficiency.Another trend is the expansion of renewable energy sources, which are driving demand for power transformers that can handle the intermittent power generation from sources such as wind and solar. This is leading to the development of specialized transformers with high power density, low loss, and improved thermal management.
The industry is also experiencing a growing need for digital transformation, as customers demand enhanced monitoring and control of energy consumption. This trend is driving the development of smart transformers that can communicate with other grid devices and provide data on usage patterns and energy efficiency.
Advancements in material science are also playing a significant role in transforming the industry. The development of new materials such as superconductors, nanocomposites, and high-temperature superconducting materials are leading to significant improvements in transformer performance.
Finally, the industry is experiencing a shift towards localized manufacturing, as companies seek to reduce costs and improve supply chain efficiency. This trend is driving the growth of local transformer manufacturing hubs, particularly in regions with a strong demand for energy and renewable technologies.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Power, Distribution, and Specialty Transformer Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Power, Distribution, and Specialty Transformer Manufacturing industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Power, Distribution, and Specialty Transformer Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 8% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 2% | |||
Business and Financial Operations Occupations | 6% | |||
Business Operations Specialists | 5% | |||
Architecture and Engineering Occupations | 13% | |||
Engineers | 9% | |||
Office and Administrative Support Occupations | 7% | |||
Production Occupations | 50% | |||
Assemblers and Fabricators | 32% | |||
Electrical, Electronics, and Electromechanical Assemblers | 22% | |||
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers | 20% | |||
Miscellaneous Assemblers and Fabricators | 8% | |||
Metal Workers and Plastic Workers | 8% | |||
Other Production Occupations | 7% |
Power, Distribution, and Specialty Transformer Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Power, Distribution, and Specialty Transformer Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Power, Distribution, and Specialty Transformer Manufacturing industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Power, Distribution, and Specialty Transformer Manufacturing industry. |
Source:
Innovation News
- Feb 14, 2023: Sec America trademarks "REFRIGERATOR SENTRY" - Power supplies; uninterruptable electrical power supplies; battery-backup power supplies; voltage-converting power supplies; all of the foregoing for use as an interface between a wall outlet and parts of a refrigeration unit
- Apr 28, 2021: Tesla Industries trademarks "THE POWER OF RED" - Electrical connectors for ground power units; electric power converter units; electrical converters; ac to dc electrical converters; dc to dc electrical converters, dc to ac electrical converters; train passenger car uninterruptible electrical power supply units
- Oct 13, 2020: Sec America trademarks "SEC SEC AMERICA CORP" - Power supplies; uninterruptable electrical power supplies; battery-backup power supplies; voltage-converting power supplies
Recent Federal Contracts for Power, Distribution, and Specialty Transformer Manufacturing- Feb 22, 2024: G & RK CONSULTING ASSOCIATES LLC (Englewood, CO) awarded $3,848,598
- Feb 22, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $10,481
- Feb 22, 2024: PACIFIC TRANSFORMER CORPORATION (Anaheim, CA) awarded $12,311
- Feb 16, 2024: JJ CONTRACTING CORP. (Auburn, NY) awarded $91,699
- Feb 16, 2024: VERTIV CORPORATION (Westerville, OH) awarded $4,221
- Feb 15, 2024: EATON CORPORATION (Raleigh, NC) awarded $56,556
- Feb 22, 2024: G & RK CONSULTING ASSOCIATES LLC (Englewood, CO) awarded $3,848,598
- Feb 22, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $10,481
- Feb 22, 2024: PACIFIC TRANSFORMER CORPORATION (Anaheim, CA) awarded $12,311
- Feb 16, 2024: JJ CONTRACTING CORP. (Auburn, NY) awarded $91,699
- Feb 16, 2024: VERTIV CORPORATION (Westerville, OH) awarded $4,221
- Feb 15, 2024: EATON CORPORATION (Raleigh, NC) awarded $56,556
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