[Ranking] TOP 24 Electrical Equipment / Manufacturing Companies Q3/2023

Intro

The electrical equipment industry plays a critical role in the worldwide economy, providing essential components and systems that power various sectors. From residential homes to large-scale industrial operations, electrical equipment is the backbone of modern infrastructure.

With its profound influence, this industry has ripple effects across diverse sectors, including manufacturing, construction, transportation, and telecommunications. The reliability and efficiency of electrical equipment directly impact productivity, safety, and innovation in these sectors.

The economic magnitude of the electrical equipment industry is remarkable, with substantial growth projected in the coming years. As technology advances and the global demand for energy increases, the industry is poised for further expansion.

Recent trends in the industry include the adoption of renewable energy sources, such as solar and wind power, which are driving innovation in electrical equipment. Additionally, advancements in automation, smart grid technology, and energy storage systems are shaping the future of the industry.

The landscape of the electrical equipment industry is ever-changing, driven by evolving consumer needs, regulatory changes, and emerging technologies. Understanding the top companies in this dynamic industry is crucial to navigating its constantly shifting terrain.

Ranking

#24 Crompton Greaves Consumer Electricals Ltd

Crompton Greaves Consumer Electricals Ltd

Employees: 10K

Revenue: 1.5B$

Website: https://www.cgglobal.com/

Description: Crompton Greaves Consumer Electricals Ltd is a leading player in the Electrical Equipment manufacturing industry. Headquartered in Mumbai, India, the company has been in operation since 1875. With a workforce of approximately 10,000 employees, Crompton Greaves Consumer Electricals specializes in the design, manufacturing, and distribution of a wide range of electrical products and solutions. Their product portfolio includes fans, pumps, lighting, and other consumer appliances. The company generates an annual revenue of around 1.5 billion dollars, positioning it as a significant player in the market. Crompton Greaves Consumer Electricals is committed to providing innovative and energy-efficient solutions to meet the evolving needs of its customers in the electrical equipment industry.

#23 Bharat Heavy Electricals Ltd

Coming Soon

Employees: 45K

Revenue: 2.5B$

Website: https://www.bhel.com

Description: Bharat Heavy Electricals Ltd (BHEL) is a prominent player in the Electrical Equipment manufacturing industry. Headquartered in New Delhi, India, BHEL has been operating since its establishment in 1964. With a workforce of approximately 45,000 employees, BHEL has a strong presence in the market. The company has achieved significant revenue, with an estimated annual revenue of 2.5 billion US dollars. BHEL specializes in the design, engineering, manufacturing, construction, testing, and commissioning of a wide range of electrical equipment such as turbines, generators, transformers, and more. BHEL's products cater to various sectors including power, transmission, transportation, and renewable energy. Through their commitment to quality and innovation, BHEL has established itself as a leading player in the electrical equipment manufacturing industry.

#22 Pentair Plc

Coming Soon

Employees: 10K

Revenue: 2.9B$

Website: https://www.pentair.com/

Description: Pentair Plc, headquartered in Minneapolis, United States, is a leading company in the Electrical Equipment industry. Since its establishment in 1966, Pentair has been dedicated to providing innovative solutions for customers worldwide. With a workforce of approximately 10,000 employees, Pentair operates globally, designing and manufacturing a wide range of electrical equipment products. The company's revenue reached 2.9 billion US dollars, reflecting its strong market position. Pentair's commitment to quality, reliability, and sustainability has made it a trusted partner for various industries, including residential, commercial, and industrial sectors. Through its website, https://www.pentair.com/, Pentair offers comprehensive information about its products, services, and global presence.

#21 Regal Beloit Corporation

Coming Soon

Employees: 26K

Revenue: 4.3B$

Website: https://www.regalbeloit.com

Description: Regal Beloit Corporation, based in Beloit, United States, is a prominent player in the Electrical Equipment industry. Founded in 1955, the company has grown to employ approximately 26,000 individuals. With an impressive revenue of 4.3 billion dollars, Regal Beloit Corporation has established itself as a key contributor in the manufacturing sector. The company specializes in the manufacturing of electrical equipment, offering a wide range of products such as motors, generators, and power transmission components. Regal Beloit Corporation's commitment to innovation and quality has earned them a strong reputation in the industry, making them a preferred choice for customers worldwide.

#20 Hubbell Incorporated

Hubbell Incorporated

Employees: 20K

Revenue: 4.5B$

Website: https://www.hubbell.com

Description: Hubbell Incorporated, headquartered in Shelton, United States, is a leading player in the Electrical Equipment industry. Founded in 1888, the company has a workforce of approximately 20,000 employees. Hubbell operates in various segments of the electrical equipment market, including Lighting, Wiring Systems, and Electrical Power. The company offers a wide range of innovative products and solutions, catering to diverse customer needs in both the residential and commercial sectors. Hubbell's comprehensive portfolio includes lighting fixtures, electrical connectors, wiring devices, and power distribution systems. With annual revenue of around 4.5 billion dollars, Hubbell continues to be a trusted provider of reliable and high-quality electrical products worldwide.

#19 Yaskawa Electric Corporation

Yaskawa Electric Corporation

Employees: 30K

Revenue: 4.7B$

Website: https://www.yaskawa-global.com/

Description: Yaskawa Electric Corporation, headquartered in Kitakyushu, Japan, is a leading player in the Electrical Equipment industry. With a rich history dating back to 1915, the company has established itself as a global powerhouse in manufacturing electrical equipment. Yaskawa Electric Corporation boasts a workforce of approximately 30,000 employees, who work tirelessly to develop and deliver cutting-edge products and solutions. The company's revenue stands at an impressive 4.7 billion dollars, a testament to its success in the industry. Yaskawa Electric Corporation is committed to innovation and technological advancements, constantly pushing the boundaries to meet the evolving needs of its customers. Through its dedication to excellence, Yaskawa Electric Corporation continues to be a dominant force in the Electrical Equipment manufacturing sector.

#18 Rockwell Automation

Rockwell Automation

Employees: 23K

Revenue: 6.7B$

Website: https://www.rockwellautomation.com/

Description: Rockwell Automation, headquartered in Milwaukee, United States, is a leading global provider of industrial automation solutions in the Electrical Equipment industry. Founded in 1903, the company has established itself as a trusted name in manufacturing automation, serving customers in various sectors such as automotive, food and beverage, oil and gas, and more. With approximately 23,000 employees, Rockwell Automation offers a wide range of products and services including control systems, motor control devices, industrial networking solutions, and software. The company's revenue stands at 6.7 billion dollars, reflecting its strong market presence and success in delivering innovative solutions that enhance productivity, efficiency, and safety in industrial processes.

#17 Legrand SA

Legrand SA

Employees: 37K

Revenue: 7.1B$

Website: https://www.legrandgroup.com/

Description: Legrand SA, headquartered in Limoges, France, is a leading company in the Electrical Equipment industry. Founded in 1865, Legrand has established itself as a global player in manufacturing electrical and digital building infrastructures. With a workforce of approximately 37,000 employees, Legrand offers a wide range of products and solutions for residential, commercial, and industrial applications. The company's revenue stands at 7.1 billion US dollars, reflecting its strong presence and success in the industry. Legrand's commitment to innovation and sustainability drives its development of advanced technologies and solutions to meet the evolving needs of its customers in the electrical equipment sector.

#16 Fuji Electric Co Ltd

Fuji Electric Co Ltd

Employees: 35K

Revenue: 7.2B$

Website: https://www.fujielectric.com/

Description: Fuji Electric Co Ltd, headquartered in Tokyo, Japan, is a leading company in the Electrical Equipment industry. Since its establishment in 1923, the company has been at the forefront of manufacturing a wide range of electrical products. With a workforce of approximately 35,000 employees, Fuji Electric is committed to delivering innovative solutions for power generation, transmission, and distribution. The company's diverse product portfolio includes power semiconductors, industrial systems, energy management systems, and more. Fuji Electric's dedication to sustainability is evident in their development of eco-friendly technologies and products that contribute to a greener future. With an annual revenue of 7.2 billion dollars, Fuji Electric continues to be a key player in the electrical equipment industry, driving advancements and shaping the future of power and energy solutions.

#15 Delta Electronics Inc

Coming Soon

Employees: 80K

Revenue: 9.5B$

Website: https://www.deltaelectronics.com/

Description: Delta Electronics Inc is a leading company in the Electrical Equipment industry. Headquartered in Taipei, Taiwan, Delta Electronics operates primarily in Asia. With a history dating back to 1971, the company has established itself as a major player in the manufacturing sector. Delta Electronics employs approximately 80,000 individuals worldwide, showcasing its commitment to providing employment opportunities. The company generates a revenue of 9.5 billion dollars, driven by its diverse range of electrical equipment offerings. Delta Electronics continues to innovate and deliver high-quality products, solidifying its position as a key player in the industry.

#14 WEG SA

Coming Soon

Employees: 31K

Revenue: 11B$

Website: https://www.weg.net/

Description: WEG SA is a leading company in the Electrical Equipment industry. Headquartered in Zug, Switzerland, WEG specializes in manufacturing a wide range of electrical products and solutions. With a history dating back to 1961, the company has established itself as a global leader in this sector. WEG employs approximately 31,000 professionals worldwide, who are dedicated to delivering innovative and efficient electrical solutions to their customers. The company's revenue reached an impressive 11 billion dollars, solidifying its position as a major player in the market. WEG's commitment to quality, sustainability, and technological advancements has made it a trusted choice for businesses and industries requiring reliable electrical equipment.

#13 Nidec Corporation

Nidec Corporation

Employees: 110K

Revenue: 13.7B$

Website: https://www.nidec.com/en-global/

Description: Nidec Corporation, headquartered in Kyoto, Japan, is a prominent player in the Electrical Equipment manufacturing industry. Since its founding in 1973, Nidec has established itself as a global leader in the sector. With approximately 110,000 employees worldwide, the company operates a diverse portfolio of businesses, including motors, fans, and pumps, serving a wide range of industries. Nidec's commitment to innovation and technology has enabled them to develop cutting-edge solutions for their customers. With an impressive annual revenue of 13.7 billion dollars, Nidec continues to drive growth and make significant contributions to the advancement of electrical equipment manufacturing.

#12 Schaeffler AG

Schaeffler AG

Employees: 90K

Revenue: 14B$

Website: https://www.schaeffler.com

Description: Schaeffler AG, headquartered in Herzogenaurach, Germany, is a leading player in the Electrical Equipment industry. Founded in 1946, the company has grown to employ approximately 90,000 employees worldwide. With a revenue of 14 billion US dollars, Schaeffler AG is a major contributor to the manufacturing sector. The company specializes in producing precision components and systems for automotive and industrial applications. Their product portfolio includes bearings, power transmission products, electric drive systems, and mechatronics solutions. Schaeffler AG's commitment to innovation and technological advancements has made them a trusted partner for customers seeking reliable and efficient electrical equipment solutions.

#11 Emerson Electric Co

Emerson Electric Co

Employees: 80K

Revenue: 17B$

Website: https://www.emerson.com/

Description: Emerson Electric Co is a prominent player in the Electrical Equipment industry. With its headquarters in St. Louis, United States, the company has been in operation since 1890. Boasting an impressive workforce of approximately 80,000 employees, Emerson Electric Co has established itself as a leading manufacturer in the industry. The company generates substantial revenue, with an estimated annual revenue of 17 billion dollars. Committed to delivering innovative solutions, Emerson Electric Co specializes in the production of a wide range of electrical equipment. With its strong presence and extensive expertise, the company continues to shape the landscape of the Electrical Equipment manufacturing sector.

#10 Eaton Corporation

Coming Soon

Employees: 91K

Revenue: 22.9B$

Website: https://www.eaton.com

Description: Eaton Corporation is a leading player in the Electrical Equipment manufacturing industry. Headquartered in Cleveland, United States, Eaton operates in North America. With a history dating back to 1911, the company has grown to become a global powerhouse in the sector. Eaton employs approximately 91,000 people worldwide, demonstrating its significant presence in the industry. The company generates substantial revenue, with an estimated annual revenue of 22.9 billion dollars. As a key player in the Electrical Equipment industry, Eaton focuses on developing and manufacturing innovative products and solutions for power management, electrical control, and distribution. Its comprehensive range of offerings includes circuit breakers, switches, transformers, power distribution units, and more. With its commitment to sustainability and energy efficiency, Eaton continues to shape the industry through its cutting-edge technologies and solutions.

#9 ABB

Coming Soon

Employees: 105K

Revenue: 26.7B$

Website: https://new.abb.com/

Description: ABB is a leading company in the Electrical Equipment industry, specializing in manufacturing a wide range of products for power and automation technologies. Headquartered in Zurich, Switzerland, ABB operates globally and has a strong presence in Europe. With a history dating back to 1988, the company has grown to employ approximately 105,000 people worldwide. ABB's revenue stands at 26.7 billion US dollars, reflecting its significant market position. The company's offerings include transformers, switchgear, control systems, robotics, and industrial automation solutions, catering to various sectors such as utilities, industries, transportation, and infrastructure. ABB's commitment to innovation and sustainable practices drives its continuous development of advanced technologies for efficient and reliable electrical equipment.

#8 Schneider Electric

Schneider Electric

Employees: 135K

Revenue: 27.2B$

Website: https://www.se.com/

Description: Schneider Electric, headquartered in Rueil-Malmaison, France, is a global leader in the Electrical Equipment industry. With a rich history dating back to 1836, the company specializes in manufacturing a wide range of electrical products and solutions. Schneider Electric operates in various sectors, including energy management, automation, and digital solutions. The company's extensive portfolio includes products such as circuit breakers, switches, transformers, and control systems. With a workforce of approximately 135,000 employees, Schneider Electric has a strong global presence and serves customers in over 100 countries. In 2020, the company reported a revenue of 27.2 billion dollars, highlighting its significant market position and financial success.

#7 Honeywell International Inc

Coming Soon

Employees: 110K

Revenue: 33B$

Website: https://www.honeywell.com

Description: Honeywell International Inc, headquartered in Charlotte, United States, is a leading company in the Electrical Equipment industry. Founded in 1906, the company has a workforce of approximately 110,000 employees. With an annual revenue of 33 billion dollars, Honeywell is a major player in the manufacturing of electrical equipment. The company specializes in producing a wide range of products including control systems, sensing and security technologies, aerospace products, and performance materials. Honeywell's commitment to innovation and quality has established it as a trusted brand in the industry, providing reliable solutions for customers worldwide. With a strong presence in North America and a global reach, Honeywell continues to drive advancements in the Electrical Equipment sector, contributing to the growth and development of the manufacturing industry.

#6 Toshiba Corporation

Toshiba Corporation

Employees: 100K

Revenue: 36B$

Website: https://www.toshiba.co.jp/

Description: Toshiba Corporation, headquartered in Tokyo, Japan, is a leading player in the Electrical Equipment manufacturing industry. With a history dating back to 1875, Toshiba has established itself as a pioneer in the field. The company boasts a workforce of approximately 100,000 employees, who contribute to its annual revenue of around 36 billion dollars. Toshiba is renowned for its innovative electrical equipment solutions, including power systems, industrial systems, and home appliances. With a strong focus on research and development, Toshiba continuously strives to deliver cutting-edge products and technologies that meet the evolving needs of its customers. Through its commitment to quality and sustainability, Toshiba remains a key player in the Electrical Equipment industry, driving progress and shaping the future of the manufacturing sector.

#5 Mitsubishi Electric Corporation

Mitsubishi Electric Corporation

Employees: 145K

Revenue: 40B$

Website: https://www.mitsubishielectric.com

Description: Mitsubishi Electric Corporation, headquartered in Tokyo, Japan, is a prominent player in the Electrical Equipment industry. With a rich history dating back to 1921, the company has established itself as a leading manufacturer of electrical and electronic equipment. With approximately 145,000 employees worldwide, Mitsubishi Electric operates in various segments including power systems, industrial automation, home appliances, and electronic devices. The company's revenue stands at a staggering 40 billion USD, a testament to its global presence and success. Mitsubishi Electric continues to innovate and provide cutting-edge solutions in the electrical equipment industry, contributing to the advancement of technology and improving the lives of people around the world.

#4 Siemens AG

Siemens AG

Employees: 384K

Revenue: 63.4B$

Website: https://www.siemens.com

Description: Siemens AG, headquartered in Munich, Germany, is a leading player in the Electrical Equipment industry. With a history dating back to 1847, Siemens has established itself as a pioneer in various sectors, including manufacturing. The company boasts a workforce of approximately 384,000 employees globally, who contribute to its impressive revenue of 63.4 billion dollars. Siemens specializes in providing innovative electrical equipment solutions, ranging from power generation and transmission to industrial automation and digitalization. Through its advanced technologies, Siemens aims to enhance efficiency, sustainability, and reliability across diverse sectors such as energy, healthcare, transportation, and infrastructure. With its strong market presence and commitment to technological advancement, Siemens continues to shape the future of electrical equipment manufacturing.

#3 Panasonic Corporation

Panasonic Corporation

Employees: 270K

Revenue: 76B$

Website: https://www.panasonic.com/

Description: Panasonic Corporation, headquartered in Osaka, Japan, is a leading company in the Electrical Equipment industry. Founded in 1918, Panasonic operates in various sectors including consumer electronics, automotive, industrial solutions, and home appliances. With a workforce of approximately 270,000 employees, the company focuses on manufacturing innovative and high-quality products that cater to the needs of consumers and businesses worldwide. Panasonic's revenue stands at 76 billion dollars, reflecting its strong presence in the market. As a key player in the Electrical Equipment industry, Panasonic continues to drive technological advancements and contribute to the growth of the manufacturing sector.

#2 Hitachi Ltd

Hitachi Ltd

Employees: 300K

Revenue: 90B$

Website: https://www.hitachi.com

Description: Hitachi Ltd is a leading company in the Electrical Equipment industry. Headquartered in Tokyo, Japan, the company was founded in 1910. With a workforce of approximately 300,000 employees, Hitachi operates globally, providing innovative solutions and advanced technologies in the manufacturing sector. The company's revenue stands at 90 billion USD, making it one of the major players in the industry. Hitachi is known for its diverse range of electrical equipment, including power systems, industrial machinery, and consumer electronics. With a strong focus on research and development, Hitachi continues to deliver cutting-edge products and services that contribute to the advancement of the manufacturing industry.

#1 General Electric

General Electric

Employees: 205K

Revenue: 95.2B$

Website: https://www.ge.com

Description: General Electric (GE) is a multinational conglomerate operating in the Electrical Equipment industry. Headquartered in Boston, United States, GE has a rich history dating back to its founding in 1892. With approximately 205,000 employees worldwide, the company is a major player in the manufacturing sector. GE's revenue stands at 95.2 billion US dollars, reflecting its significant presence in the industry. The company's activities in the Electrical Equipment industry encompass various areas such as power generation, renewable energy, lighting, industrial automation, and electrical distribution. GE's innovative solutions and technological advancements have made it a trusted name in the sector, driving its success and prominence in the market.

Summary

The analysis of the top companies in the Electrical Equipment sub-industry within the Manufacturing sector reveals some interesting insights. The rankings show that Company A is the leading player, followed closely by Company B and Company C. These companies have achieved significant accomplishments in terms of revenue growth and market share.

One unexpected finding is that Company D, a relatively new player in the industry, has quickly risen to become one of the top contenders. This is attributed to their innovative product offerings and strategic partnerships.

The premier companies in the Electrical Equipment sub-industry include Company A, Company B, Company C, and Company D. These companies have established themselves as leaders in the market.

One shared element among these leading firms is their focus on research and development. They invest heavily in developing cutting-edge technologies and improving existing products, which helps them stay ahead of the competition. Additionally, these companies have robust supply chain management systems in place, ensuring efficient production and delivery of their products.

What sets these eminent companies apart from their industry rivals is their commitment to sustainability and environmental responsibility. They have implemented eco-friendly manufacturing processes and have a strong emphasis on energy efficiency in their products. This not only helps them reduce their carbon footprint but also positions them as environmentally conscious brands in the eyes of consumers.