United States Electricals Retailing Market Introduction and Overview
According to SPER Market Research, the United States Electricals Retailing Market is estimated to reach USD XX Billion by 2033 with a CAGR XX%
The report includes an in-depth analysis of the United States Electrical Retailing Market, including market size and trends, product mix, distribution channels, and supplier analysis. The process of selling electronic devices to customers is referred to as electronics retailing. This sector is essential to satisfying the evolving demands and tastes of tech-savvy consumers. Technology is advancing so quickly, and new items are being out all the time, that the retail electronics business is becoming more and more competitive.
- In March 2022, ABB has introduced a new line of very efficient IE5+ SynRM motors that provide even higher levels of ultra-premium energy efficiency. The motors are intended for industrial applications such as mining, paper pulping, and metal manufacturing.
- In May 2023, Siemens, a global technological leader in electrification and automation, purchased Mass Tech Control's EV branch to broaden its eMobility product portfolio for the Indian market.
- In July 2023, Schneider Electric has announced the debut of a 3 Phase modular UPS designed to support essential loads with third-party live swap functionality, available in 50-250 KW.
Market Opportunities and Challenges
Opportunities: The US Electrical Equipment Industry is primarily driven by technological advancements. Electric meters are critical for measuring total power transmitted and consumed across numerous applications, which contributes considerably to worldwide market growth. Furthermore, the trend toward electric vehicles is rapidly developing, with a focus on transportation electric fuel vehicles. Countries such as the United States, Canada, and Mexico have greatly benefited from established power distribution lines. Furthermore, the increased frequency of operation of electrical equipment is predicted to drive market expansion throughout the analysed period. The expansion of the commercial, industrial, residential, and non-residential sectors drives market growth even further.
Challenges: The expansion of the electricals retailing market in the United States is hampered by a number of challenges. One key difficulty is the rapid growth of technology, which demands merchants to constantly upgrade their product offerings and inventory management systems in order to keep up with consumer expectations. Furthermore, fierce competition from e-commerce companies puts pressure on traditional brick-and-mortar retailers, forcing them to improve their customer experience and digital presence. Economic fluctuations are particularly important since changes in consumer purchasing power can have a direct impact on sales. Furthermore, supply chain interruptions and higher shipping costs can cause inventory shortages and price increases, aggravating market dynamics. Together, these elements create a complicated environment for merchants attempting to navigate and capitalize on development prospects in the electricals industry.
Market Competitive Landscape
United States Electricals Retailing Market is Dynamic and Competitive, with established players continually adapting to changing consumer preferences and technological advancements. Some of the leading participants in the United States Electricals Retailing industry include Ace Hardware, City Electric Supply, Crescent Electric Supply, Ferguson, Grainger, Home Depot, Lowe's, Menards, WESCO International, and Electrical Supply Co. (E-Supply).
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application, By End User, By Type of Store
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| Regions covered | Northern Region, Southern Region, Western Region and Eastern Region.
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| Companies Covered | Ace Hardware, City Electric Supply, Crescent Electric Supply, Ferguson, Grainger, Home Depot, Lowe's, Menards, WESCO International, and Electrical Supply Co. (E-Supply).
|
COVID-19 Impact on United States Electricals Retailing Market
The COVID had a significant impact on the US electrical equipment retailing business, changing both consumer demand and industry dynamics. As businesses and educational institutions moved to remote operations, demand for electrical equipment increased significantly, including circuit breakers, wiring, and tools for home renovation and DIY projects. Retailers quickly shifted to improve their online sales systems, including contactless shopping solutions to address health and safety concerns. However, the market experienced obstacles, such as supply chain interruptions, which resulted in inventory shortages and higher costs for certain products. Furthermore, the increased emphasis on sustainability drove consumers to seek out energy-efficient alternatives, which influenced purchase decisions. Overall, the pandemic fuelled innovation and adaptation in the electrical equipment retail sector.
Key Target Audience:
- DIY Consumers
- Professional Contractors
- Commercial Businesses
- Industrial Clients
- Builders and Developers
- Government and Educational Institutions
- Tech-Savvy Consumers
- Educational and Training Institution
Our in-depth analysis of the United States Electricals Retailing Market includes the following segments:
| By Type: | Wiring DevicesBatteries and AccumulatorsElectronic and Electrical Wires and CablesOthers |
| By Application: | TransformersElectricity MeterDistribution BoardsCircuit BreakersOthers |
| By End User: | ResidentialCommercialIndustry |
| By Type of Store: | Exclusive Retailers/showroomInclusive Retailers/Dealers StoreOnline |
Key Topics Covered in the Report:
- United States Electricals Retailing Market Size (FY’2024-FY’2033)
- Overview of United States Electricals Retailing Market
- Segmentation of United States Electricals Retailing Market By Type (Wiring Device, Batteries and Accumulators, Electronic and Electrical Wires and Cables)
- Segmentation of United States Electricals Retailing Market By Application (Transformers, Electricity Meter, Distribution Boards, Circuit Breakers and Others)
- Segmentation of United States Electricals Retailing Market By End User (Residential, Commercial and Industry)
- Segmentation of United States Electricals Retailing Market By Type of Store Exclusive Retailers/Showroom, Inclusive Retailers/Dealers Store and Online)
- Statistical Snap of United States Electricals Retailing Market
- Expansion Analysis of United States Electricals Retailing Market
- Problems and Obstacles in United States Electricals Retailing Market
- Competitive Landscape in the United States Electricals Retailing Market
- Impact of COVID-19 and Demonetization on United States Electricals Retailing Market
- Details on Current Investment in United States Electricals Retailing Market
- Competitive Analysis of United States Electricals Retailing Market
- Prominent Players in the United States Electricals Retailing Market
- SWOT Analysis of United States Electricals Retailing Market
- United States Electricals Retailing Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Electricals Retailing Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Electricals Retailing Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Electricals Retailing Market
7. United States Electricals Retailing Market, By Type (USD Million) 2020-2033
7.1. United States Electricals Retailing Market Size, Share and Forecast, By Type, 2020-2026
7.2. United States Electricals Retailing Market Size, Share and Forecast, By Type, 2027-2033
7.3. Wiring Devices
7.4. Batteries and Accumulators
7.5. Electronic and Electrical Wires and Cables
7.6. Others
8. United States Electricals Retailing Market, By Application (USD Million) 2020-2033
8.1. United States Electricals Retailing Market Size, Share and Forecast, By Application, 2020-2026
8.2. United States Electricals Retailing Market Size, Share and Forecast, By Application, 2027-2033
8.3. Transformers
8.4. Electricity Meter
8.5. Distribution Boards
8.6. Circuit Breakers
8.7. Others
9. United States Electricals Retailing Market, By End User (USD Million) 2020-2033
9.1. United States Electricals Retailing Market Size, Share and Forecast, By End User, 2020-2026
9.2. United States Electricals Retailing Market Size, Share and Forecast, By End User, 2027-2033
9.3. Residential
9.4. Commercial
9.5. Industry
10. United States Electricals Retailing Market, By Type of Store (USD Million) 2020-2033
10.1. United States Electricals Retailing Market Size, Share and Forecast, By Type of Store, 2020-2026
10.2. United States Electricals Retailing Market Size, Share and Forecast, By Type of Store, 2027-2033
10.3. Exclusive Retailers/showroom
10.4. Inclusive Retailers/Dealers Store
10.5. Online
11. United States Electricals Retailing Market Forecast, 2020-2033 (USD Million)
11.1. United States Electricals Retailing Market Size and Market Share
12. United States Electricals Retailing Market, By Region, 2020-2033 (USD Million)
12.1. United States Electricals Retailing Market Size and Market Share By Region (2020-2026)
12.2. United States Electricals Retailing Market Size and Market Share By Region (2027-2033)
12.3. Northern Region
12.4. Southern Region
12.5. Western Region
12.6. Eastern Region
13. Company Profile
13.1. Ace Hardware
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. City Electric Supply
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Ferguson
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Grainger
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Home Depot
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Lowe’s
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Menards
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. WESCO International
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Electrical Supply Co. (E-Supply)
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
