Key Market Indicators
The export of American electrical equipment is projected to hit nearly $199 billion by 2028, up from approximately $188 billion in 2023. This represents an average annual growth rate of 0.9%. Historical data since 1996 shows that American supply in this sector has increased by an average of 1.4% per year. On the import side, the United States is expected to see its electrical equipment imports reach about $453 billion by 2028, rising from around $411 billion in 2023. This marks an average annual growth rate of 1.6%. Since 1996, American demand for electrical equipment has grown at an average rate of 2.4% per year.
