This major group includes establishments engaged in manufacturing machinery, apparatus, and supplies for the generation, storage, transmission, transformation, and utilization of electrical energy. Included are the manufacturing of electricity distribution equipment; electrical industrial apparatus; household appliances; electrical lighting and wiring equipment; radio and television receiving equipment; communications equipment; electronic components and accessories; and other electrical equipment and supplies. The manufacture of household appliances is included in this group, but industrial machinery and equipment powered by built-in or detachable electric motors is classified in Major Group 35. Establishments primarily engaged in manufacturing instruments are classified in Major Group 38.
The Electronic and Other Electrical Equipment and Components industry (NAICS 36) is experiencing several noteworthy trends. One significant trend is the increasing focus on sustainability and energy efficiency. Companies are prioritizing the development of eco-friendly products, spurred by both consumer demand and regulatory pressures. This trend is expected to continue, with advancements in materials and design aimed at reducing environmental impact.
Another important trend is the rapid adoption of smart technology and IoT (Internet of Things) integration. Electrical components are increasingly being designed with connectivity in mind, enabling smarter home automation, industrial applications, and enhanced communication systems. This shift towards smarter devices is predicted to drive substantial growth in related markets.
Additionally, there is a rising emphasis on the miniaturization and multifunctionality of electronic components. As devices become more compact and versatile, the demand for small yet highly efficient components is expected to rise, fostering innovations in manufacturing processes and materials science.
In the near future, the industry is forecasted to see a surge in complex electronics used in renewable energy systems, electric vehicles, and advanced medical devices. Investment in R&D will likely grow as firms strive to stay competitive in these burgeoning sectors, driving advancements and new product introductions.
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