Establishments primarily engaged in manufacturing switchgear and switchboard apparatus. Important products of this industry include power switches, circuit breakers, power switching equipment, and similar switchgear for general industrial application; switchboards and cubicles, control and metering panels, fuses and fuse mountings, and similar switchboard apparatus and supplies. Establishments primarily engaged in manufacturing relays are classified in Industry 3625. Establishments manufacturing switches other than switchgear type are classified in Industry 3625 if the switches are of the type used as industrial controls, in Industry 3679 if the switches are of the type used in electronic devices, and in Industry 3643 if the switches are of other types used in wiring circuits.
The Switchgear and Switchboard Apparatus industry (NAICS 3613) is experiencing several notable qualitative trends driven by technological advancements and evolving market demands. One prominent trend is the increasing integration of digital technologies and smart solutions into switchgear and switchboard apparatus. This includes advancements in IoT (Internet of Things) and AI (Artificial Intelligence) for enhanced monitoring, control, and predictive maintenance, which improves the reliability and efficiency of electrical systems.
Another significant trend is the shift towards sustainable and environmentally friendly solutions. As industries and governments emphasize sustainability, there is a growing demand for switchgear and switchboard apparatus that minimize energy loss and utilize eco-friendly materials. This trend is expected to continue as more organizations aim to achieve their environmental, social, and governance (ESG) goals.
Additionally, the industry is seeing increased customization and modularization to meet diverse customer requirements. Manufacturers are focusing on providing tailor-made solutions that can be easily scaled or modified, enhancing flexibility and reducing downtime for end-users. This trend is particularly relevant for industries that require highly specialized electrical infrastructure, such as data centers and renewable energy sectors.
Looking ahead, the industry is forecasted to witness sustained growth driven by the increasing need for advanced electrical infrastructure in urban expansion and industrial automation. The ongoing emphasis on grid modernization and investments in renewable energy projects will further propel the demand for innovative switchgear and switchboard solutions. These trends indicate a promising future for the industry, with significant opportunities for growth and development.
Air circuit breakers
Bus bar structures
Circuit breakers, power
Control panels, electric power distribution
Cubicles (electric switchboard equipment)
Distribution boards, electric
Distribution cutouts
Fuse clips and blocks, electric
Fuse devices, power: 600 volts and over
Fuse mountings, electric power
Fuses, electric
Generator control and metering panels
Knife switches, electric
Metering panels, electric
Panelboards and distribution boards, electric
Panels, electric control and metering
Power connectors
Power switching equipment
Regulators, power
Switchboards and parts, power
Switches, electric power: except snap, push button, tumbler, and
Switchgear and switchgear accessories
Time switches, electrical switchgear apparatus
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.