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Other Electrical Equipment Manufacturing in Germany - Market Research Report (2014-2029)

David Riemeier David Riemeier Frankfurt, Germany Last Updated: September 2024 WZ C27.90DE

Revenue

€22.3bn

2024

€22.3bn

Past 5-Year Growth

Profit

€X.Xbn

Employees

77,827

Businesses

463

Wages

€X.Xbn

Other Electrical Equipment Manufacturing in Germany industry analysis

In the period from 2019 to 2024, industry turnover increased by an average of 4.2% per year. For the current year, IBISWorld is forecasting sales growth of 3.1% and industry sales of 22.3 billion euros. Overall, demand for the industry's products has been very high over the past five years, resulting in strong sales growth during this period. Increasing automation, digitalisation and electrification in various sectors of the economy, but especially in the manufacturing industry, ensured high demand for electrical equipment and devices.

Trends and Insights

  • Chinese competitors are putting the industry under increasing pressure. Around a third of imports of electrical equipment currently come from China, and the trend is rising.
  • Power converters are the industry's top-selling product. Direct current is used in many areas, for example in tram and underground railway networks, making power converters indispensable in these areas.
  • The central region is home to the largest proportion of companies in the sector. Manufacturers of electrical equipment benefit from its proximity to industry and its central location within the European Union.
  • Competition in the other electrical equipment manufacturing industry is fierce. There are many small and medium-sized companies operating in the sector, some of which try to set themselves apart from the competition by specialising in niche products.

Access hundreds of analysis and data

  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 4.2 % over the past five years, to reach an estimated €22.3bn in 2024.

Trends and Insights

Increasing competition from China threatens the position of German market players

  • Industry players are facing strong competition from abroad. In recent years, the proportion of imports from China, Hungary, the Czech Republic and Poland has increased.
  • Additional trends and insights available with purchase
Other Electrical Equipment Manufacturing in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Adapting to customer needs through electrification and miniaturisation offers the industry sales potential

  • The ongoing trends towards electrification and miniaturisation could also boost this sector if the market players that manufacture capacitors become increasingly involved in the development of new, compact transistors.

Biggest companies in the Other Electrical Equipment Manufacturing in Germany

Company
Market Share (%)
2024
Revenue (€m)
2024
Siemens AG
1,043.8
Bosch Rexroth AG
408.6
S. Siedle & Söhne Telefon- und Telegrafenwerke OHG
209.8

To view the market share and analysis for all 4 top companies in this industry, view purchase options.

Products & Services Segmentation

Other Electrical Equipment Manufacturing in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Power converter, Welding and soldering equipment and Electrical components. Power converter is the largest segment of the Other Electrical Equipment Manufacturing in Germany.

Trends and Insights

Power converters are of central importance for industry sales

  • Power converters are electronic devices that convert alternating current into direct current or can control the flow of direct current in a specific direction. This product category also includes power supply units and switching power supplies.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies that are active in the manufacture of other electrical equipment and devices produce various electrical equipment items. These include, for example, traffic control systems, home communication systems, device and extension cables and power converters.

What's included in this industry?

Power converterWelding and soldering equipmentElectrical componentsAppliance and extension cablesElectrical traffic systems and controls

Companies

Siemens AGBosch Rexroth AGS. Siedle & Söhne Telefon- und Telegrafenwerke OHG

Purchase this report to view all 4 major companies in this industry.

Related Terms

SECTOR COUPLINGCHANGERSURGE ARRESTER

Industry Code

WZ 2008

WZ 27.90 - Other Electrical Equipment Manufacturing in Germany

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Chinese competitors are putting the industry under increasing pressure. Around a third of imports of electrical equipment currently come from China, and the trend is rising.

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Power converters are the industry's top-selling product. Direct current is used in many areas, for example in tram and underground railway networks, making power converters i...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The central region is home to the largest proportion of companies in the sector. Manufacturers of electrical equipment benefit from its proximity to industry and its central ...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Competition in the other electrical equipment manufacturing industry is fierce. There are many small and medium-sized companies operating in the sector, some of which try to ...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Siemens AG has the largest market share in the industry for the manufacture of other electrical equipment. With the Trainguard MT system, Siemens Mobility is contributing to ...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Siemens AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Bosch Rexroth AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of S. Siedle & Söhne Telefon- und Telegrafenwerke OHG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for one additional company

Detailed analysis

  • Description and key data for Siemens AG, and factors influencing its performance in the industry
  • Description and key data for Bosch Rexroth AG, and factors influencing its performance in the industry
  • Description and key data for S. Siedle & Söhne Telefon- und Telegrafenwerke OHG, and factors influencing its performance in the industry
  • Description, key data and performance trends for one additional company

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The Electrical and Electronic Equipment Act regulates the proper disposal of waste electrical and electronic equipment. The aim is to counteract the illegal export of waste e...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The industry's profit margin has fluctuated slightly recently. The level of the profit margin depends heavily on the price of raw materials, as these have a significant impac...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Other Electrical Equipment Manufacturing industry in Germany in 2024?

The market size of the Other Electrical Equipment Manufacturing industry in Germany is €22.3bn in 2024.

How many businesses are there in the Other Electrical Equipment Manufacturing in Germany industry in 2024?

There are 463 businesses in the Other Electrical Equipment Manufacturing industry in Germany, which has grown at a CAGR of 5.9 % between 2019 and 2024.

Has the Other Electrical Equipment Manufacturing industry in Germany grown or declined over the past 5 years?

The market size of the Other Electrical Equipment Manufacturing industry in Germany has been growing at a CAGR of 4.2 % between 2019 and 2024.

What is the forecast growth of the Other Electrical Equipment Manufacturing industry in Germany over the next 5 years?

Over the next five years, the Other Electrical Equipment Manufacturing industry in Germany is expected to grow.

What are the biggest companies in the Other Electrical Equipment Manufacturing market in Germany?

The biggest companies operating in the Other Electrical Equipment Manufacturing market in Germany are Siemens AG, Bosch Rexroth AG and S. Siedle & Söhne Telefon- und Telegrafenwerke OHG

What does the Other Electrical Equipment Manufacturing in Germany include?

Power converter and Welding and soldering equipment are part of the Other Electrical Equipment Manufacturing industry.

Which companies have the highest market share in the Other Electrical Equipment Manufacturing in Germany?

The company holding the most market share in Germany is Siemens AG.

How competitive is the Other Electrical Equipment Manufacturing industry in Germany?

The level of competition is high and increasing in the Other Electrical Equipment Manufacturing industry in Germany.

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Competitors

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Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.