Who Powell Industries buys from and sells to
Builds custom switchgear and electrical houses for oil and gas, petrochemical, utility and data-centre projects.
Part of Power Grid and Clean Energy Infrastructure spending
Buys from 2
- Steel, copper and aluminium producersmetal for switchgear and E-house enclosuresmaterials ~45% of FY2025 revenue (FY2025 10-K)
- Electrical component makersbreakers, relays and engineered components
Sells to 4
- Oil and gas producers and EPC contractorsswitchgear and E-houses for LNG and production sites~37% of FY2025 revenue (FY2025 10-K)
- Electric utilitiessubstation switchgear and power distribution~25% of FY2025 revenue (FY2025 10-K)
- Commercial and industrial (incl. data centres)medium-voltage switchgear~16% of FY2025 revenue (FY2025 10-K)
- Petrochemical plantselectrical distribution systems~14% of FY2025 revenue (FY2025 10-K)
Where the chain could break
- Half of revenue from oil, gas and petrochemical projects, which follow commodity-driven capex
- Large fixed-price projects: one cancellation or cost overrun swings a quarter
Competes with
- EatonETNmedium-voltage switchgear
- ABBABBNYswitchgear and E-houses
- SiemensSIEGYswitchgear for industrial projects
- Schneider ElectricSBGSYpower distribution equipment
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.