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Electrical Equipment Manufacturing in New Jersey

Author.Name IBISWorld United States Last Updated: March 2026 NAICS NJ33531

Electrical Equipment Manufacturing in New Jersey industry analysis

The Electrical Equipment Manufacturing industry in New Jersey is expected to grow an annualized x.x% to $x.x million over the five years to 2026, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2031, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to decrease % to $x.x million.

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About the Electrical Equipment Manufacturing in New Jersey Market Research Report

What’s Included in the Electrical Equipment Manufacturing in New Jersey Market Research Report

Definition of the Electrical Equipment Manufacturing in New Jersey?

This industry manufactures power, distribution and specialty transformers; electric motors, generators and motor-generator sets, switchgear and switchboard apparatus, relays and industrial controls. Electrical equipment manufacturers sell their products to other manufacturing industries, wholesalers and the construction sector.

What’s included in the Electrical Equipment Manufacturing in New Jersey?

The Electrical Equipment Manufacturing in New Jersey includes transformers, motors and generators, switchgear and switchboards, relays and industrial controls and wholesale sales of electricity generation. Related terms covered in the Electrical Equipment Manufacturing in New Jersey industry report includes an electrical device by which alternating current of one voltage is changed to another voltage, an engine that converts mechanical energy into electrical energy by electromagnetic induction, an electrical apparatus used to open and close circuits; may also include devices that provide protection for apparatus connected to an electrical supply, an electrical device in which current flowing through one circuit can switch a current in a second circuit on and off, a popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman, to procure goods or services under contract with an outside supplier, the relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company, an electrical apparatus that provides emergency power to a load when the input power source, typically the utility mains, fails and an intentional drop in voltage to prevent a blackout.

Industry Performance of the Electrical Equipment Manufacturing industry in New Jersey

Benchmark the Electrical Equipment Manufacturing in New Jersey industry performance with all NJ county and national performance.

Electrical Equipment Manufacturing in New Jersey

#19 in Highest Revenue 1.8% of state's GDP
Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

Electrical Equipment Manufacturing in the US


Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Electrical Equipment Manufacturing industry in New Jersey

See how key industry drivers, such as population, per capita disposable income, new business formation, trade-weighted index, value of private nonresidential construction and world price of aluminum are impacting Electrical Equipment Manufacturing in New Jersey

New Jersey Economic Indicators

Population
Per Capita Disposable Income
New Business Formation

View more economic information in NJ State Economic profile

US Key External Drivers

Trade-weighted index
Value of private nonresidential construction
World price of aluminum

For the full list of industry drivers, see report purchase options.

County Data of the Electrical Equipment Manufacturing industry in New Jersey

Access proprietary data on county in the Electrical Equipment Manufacturing in New Jersey, such as Burlington County, Morris County and Bergen County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Electrical Equipment Manufacturing industry in New Jersey

Download 19 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Electrical Equipment Manufacturing industry in New Jersey in 2026?

The market size of the Electrical Equipment Manufacturing industry in New Jersey is $992.0m in 2026.

How many businesses are there in the Electrical Equipment Manufacturing industry in New Jersey in 2026?

There are 46 businesses in the Electrical Equipment Manufacturing industry in New Jersey, which has been declining at an average annual rate of -4.5% from 2021 to 2026.

Has the Electrical Equipment Manufacturing industry in New Jersey grown or declined over the past 5 years?

The market size of the Electrical Equipment Manufacturing industry in New Jersey has been growing at an average annual rate of 2.2% from 2021 to 2026.

How many employees in the Electrical Equipment Manufacturing industry in New Jersey in 2026?

There are 2,134 employees in the Electrical Equipment Manufacturing industry in New Jersey, which has been growing at an average annual rate of 1.5% from 2021 to 2026.