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2024 U.S. Industry Statistics & Market Forecast - Noncurrent-Carrying Wiring Device Manufacturing


Market Size & Industry Statistics

The total U.S. industry market size for Noncurrent-Carrying Wiring Device 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Noncurrent-Carrying Wiring Device Manufacturing industry is experiencing several key trends that are shaping the future of the industry. The increasing adoption of smart homes and IoT devices is driving demand for innovative wiring devices that can support multiple connected devices, with seamless integration and control. This trend is also driving the need for data protection and cybersecurity measures to ensure safe operation of these devices.

Another trend is the need for energy-efficient wiring devices, as energy conservation becomes a priority for consumers and governments. Noncurrent-carrying wiring device manufacturers are innovating in materials and design to create energy-efficient devices that comply with various certifications and regulations.

The rise of electric vehicles and their charging infrastructure is also driving demand for wiring devices that can support high power and charging capabilities. The need for fast and efficient charging has led to the development of new products that cater to the unique wiring needs of electric vehicles.

Lastly, there is a growing concern around the use of hazardous materials in wiring devices, which can harm the environment and health of individuals. Many manufacturers are moving towards eco-friendly and recyclable materials for their products, aligning with consumer and regulatory demands for sustainable manufacturing practices.

In summary, the Noncurrent-Carrying Wiring Device Manufacturing industry is seeing significant changes in response to new technologies, environmental concerns, and regulatory requirements. Manufacturers that stay current with these trends and continue innovating will be well-positioned for success in the future.



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.

U.S. map by state

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Noncurrent-Carrying Wiring Device Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
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 Noncurrent-Carrying Wiring Device Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
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).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Noncurrent-Carrying Wiring Device Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 5%
Architecture and Engineering Occupations 10%
Engineers 7%
Office and Administrative Support Occupations 8%
Production Occupations 55%
Assemblers and Fabricators 31%
Electrical, Electronics, and Electromechanical Assemblers 20%
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers 20%
Miscellaneous Assemblers and Fabricators 11%
Metal Workers and Plastic Workers 11%
Other Production Occupations 9%
Source: Bureau of Labor Statistics


Noncurrent-Carrying Wiring Device Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Noncurrent-Carrying Wiring Device 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 Noncurrent-Carrying Wiring Device 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 Noncurrent-Carrying Wiring Device Manufacturing industry.
Source:
IncFact


Recent Federal Contracts for Noncurrent-Carrying Wiring Device Manufacturing

  • Jan 30, 2024: RURAL ELECTRIC SUPPLY COOPERATIVE (Middleton, WI) awarded $179,509




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