Business Strategy and Outlook
| Joshua Aguilar |We think of Hubbell as an intelligent play on industrial infrastructure spending, particularly from improvements made to the U.S. power grid. Over 90% of Hubbell’s total consolidated sales are made in the U.S.. Hubbell has one of the most complete offerings across the entire electrical supply chain, from power generation to the end user. In our view, it has wisely chosen to competitively position itself in the highly differentiated approximately $58 billion electrical components market, avoiding larger-scaled global players that focus on the apparatus markets, as well as highly fragmented, commoditized portions of the market that sell easily replicable products, such as wires and cables.