Electric Control Apparatus Market in the United States
In value terms, electric control apparatus production rose remarkably to $ in . In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2019 to , production growth remained at a lower figure.
The size of the electric control apparatus market in the United States was estimated at $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.