Employment
125,655
Total employees (Census CBP)
Manufacturing ·NAICS 33531
NAICS 33531 · IRS SOI (C corp) · Census CBP 2023
Electrical Equipment Manufacturing - Industry Benchmarks
$75,704/yr average annual pay, with 101 SBA loans on record for NAICS 33531.
- 2K
- Establishments
- 126K
- Workers employed
- $75,704/yr
- Avg payroll / employee
- $108M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 33531
Texas leads Electrical Equipment Manufacturing activity nationally, across 2K establishments employing 126K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 2K
- Business establishments (Census)
- 126K
- Workers employed (Census CBP)
- $75,704/yr
- Avg payroll / employee
- $108M
- SBA lending, FY20–26
Use Electrical Equipment Manufacturing's NAICS benchmark as a comparison point, not a forecast for one business.
Electrical Equipment Manufacturing is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Electrical Equipment Manufacturing
Electrical Equipment Manufacturing sits inside Manufacturing.
1,793 establishments employ 125,655 workers (70.1/location) at $75,704/yr average annual pay. Texas leads employment, followed by California and Illinois.
Electrical Equipment Manufacturing sits in the 66th percentile for employment among 5-digit NAICS industries with reported data.
Avg Payroll / Employee
$75,704/yr
Annual compensation
Establishments
1,793
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 6,293; establishment count decreased by 47. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $9.5B
- Avg Employees per Establishment
- 70.1
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Motor and Generator Manufacturing NAICS 335312 | N/A |
| Power, Distribution, and Specialty Transformer Manufacturing NAICS 335311 | N/A |
| Relay and Industrial Control Manufacturing NAICS 335314 | N/A |
| Switchgear and Switchboard Apparatus Manufacturing NAICS 335313 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 9,073 |
| California | 8,169 |
| Illinois | 7,967 |
| North Carolina | 7,651 |
| Ohio | 5,529 |
| Pennsylvania | 5,432 |
| Minnesota | 5,222 |
| Tennessee | 4,811 |
| Georgia | 4,283 |
| New York | 3,620 |
Showing top 10 of 43 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
101
Total Loan Volume
$108M
Avg Loan Size
$1073K
Jobs Supported
1,596
Program Breakdown
7(a) 78 (77%)
504 23 (23%)
Top SBA Lender
Northeast Bank
8 loans in this industry
New Business Share
18.8% of borrowers were new/startup businesses
Annual Lending Trend (6 yrs)
2020 13
2021 19
2022 11
2023 13
2024 29
2025 16
Frequently Asked Questions
How many businesses are in Electrical Equipment Manufacturing?
1,793 business establishments. Together they employ 125,655 workers.
What is the average payroll per employee in Electrical Equipment Manufacturing?
$75,704/yr average annual pay per employee. Businesses average 70.1 employees per establishment.
Which states have the most Electrical Equipment Manufacturing employment?
Texas leads with 9,073 workers. California (8,169) and Illinois (7,967) round out the top three.
How much SBA lending does Electrical Equipment Manufacturing receive?
Electrical Equipment Manufacturing businesses received 101 SBA loans totaling $108 million between FY2020 and FY2026. The average loan size was $1073K. These loans supported 1,596 jobs at origination. Most lending (77%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Electrical Equipment Manufacturing, both at NAICS level 5 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Electrical Equipment Manufacturing ranks #187 of 551 U.S. industries at the 5-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (125,655 here).
Read with this industry: Industry employment trends · Manufacturing · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 33531 · CBP 2023 · IRS SOI
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.