The United States industrial sector is among the largest sectors after the Chinese and the European Union industrial sectors. The sector serves leading markets like China, Canada, Germany, Mexico and Australia, featuring high-value services, specialized architecture, engineering, well-rounded supply chains and intensive digitization to serve production facilities.
Eaton Corporation and Emerson Electric Co. are two high-performance businesses operating within the electric equipment sub-sector. The sub-sector includes companies that produce electrical components or equipment, electric cables and wires; manufacture power-generating equipment, power turbines,
heavy electrical machinery, etc.
Near term prospects of the electrical components and equipment sector are bleak as the end-markets have softened since the pandemic broke out.