What Powell Industries does

Powell Industries, Inc. (NASDAQ: POWL) is a Houston, Texas-based custom electrical equipment manufacturer founded in 1947. The company designs and manufactures medium and high voltage switchgear (PowlVac, Power/Vac, FlexGear, FlexBoard, PowlGear ME), vacuum circuit breakers rated to 63kAIC, bus systems, motor control centers, and integrated modular solutions such as Power Control Rooms (PCRs), E-Houses, Power Control Aisles, and Substation Control Centers. A proprietary digital layer (PowlSmart intelligent devices including BriteSpot, PinPoint, EcoVisor, and BreakerView analytics) adds condition monitoring and SCADA/automation capability, expanded by the July 2025 acquisition of UK-based Remsdaq Ltd.

The company serves enterprise customers across electric utilities, oil and gas (refining, offshore, petrochemical, pipelines, LNG), data centers and AI infrastructure, mining and metals, traction power/transit, renewables, and government/defense (via GSA contracts). Operations span 14+ facilities across the United States, Canada, the United Kingdom, Bahrain, and Singapore, with a 64-acre Jacintoport fabrication yard along the Houston Ship Channel dedicated to offshore and LNG-related modular power infrastructure.

Powell operates on a project-based, bid-and-tender pricing model with multi-year contracts frequently exceeding $100M, supplemented by aftermarket services (PowlPOD parts-on-demand, BLEU breaker life extension, field services) and a growing recurring subscription revenue stream from digital monitoring. FY2025 revenue reached approximately $1.1B with 29.4% gross margin and 20.4% EBITDA margin, supported by a record $1.8B backlog at Q2 FY2026 and a $545M cash position with no debt. The company funds capacity expansion internally without shareholder dilution.

Name

Powell Industries

Legal name

Powell Industries, Inc.

Website

https://powellind.com

Company type

Public

Founded year

1947

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Powell Industries (NASDAQ: POWL) is a Houston-based custom manufacturer of medium and high voltage switchgear, power control rooms, and integrated electrical distribution systems serving utilities, oil and gas, AI data centers, mining, renewables, transit, and government customers globally.

Ownership category

akta.pro rank

Product category

Electrical Power Distribution Equipment

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Relay and Industrial Control Manufacturing (335314), Electrical Equipment Manufacturing (33531), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Switchgear & Switchboard Apparatus (3613), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Industrial Control Cabinets & Power Distribution (Panels, Switchgear for Automation) (IMAHAHAK)

akta.pro secondary industries

Power Quality, Metering & Monitoring (HDACAJAG), Low-Voltage Switchboards & Panelboards (LV distribution panels, MCCs, switchboards) (IMAGAEAA), Electromechanical Components (Relays, Switches, Potentiometers, Encoders) (IMAGAJAB)

Keywords

• Medium voltage switchgear
• Power distribution systems
• Electrical equipment manufacturing
• Power control rooms
• Industrial switchgear

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Custom Electrical Equipment Manufacturing: Design, engineering, and manufacturing of custom switchgear, power control rooms, circuit breakers, bus systems, and integrated package solutions for industrial and utility applications. Revenue recognized over project lifecycle with significant upfront engineering and manufacturing phases.
2. Aftermarket Services and Spare Parts: Product life extension, maintenance, field services, training, and spare parts supply. Includes breaker life extension programs (BLEU), retrofit and retrofill solutions, and 24/7 emergency support hotline.
3. Digital Solutions and Automation: Power system integration, SCADA systems, condition monitoring subscriptions, and asset management software. Includes custom subscription plans for equipment health monitoring and system analysis.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Powell Industries designs, engineers, manufactures, and services custom medium- and low-voltage electrical power distribution equipment for industrial, utility, and infrastructure customers. Core products include PowlVac® and Power/Vac® metal-clad switchgear and vacuum circuit breakers (5kV–38kV), Power Control Rooms (PCR/E-House) integrated package solutions, bus systems, motor control centers, and IEC switchgear, complemented by the PowlSmart® intelligent monitoring device family, Remsdaq® SCADA/RTU systems, and full-scope EPiC™ engineering, procurement, integration, and construction services.

Product overview

Powell Industries offers a comprehensive portfolio of custom-engineered electrical power distribution equipment and systems. The core product line centers on medium and low voltage switchgear (PowlVac® and Power/Vac® brands), with related circuit breakers, bus systems, motor control, and integrated package solutions (Power Control Rooms, E-Houses). The portfolio extends to intelligent monitoring devices (PowlSmart® family), digital automation solutions, and lifecycle services (Powell EPiC™). Acquired brands include Nextron® Heat Tracing and Remsdaq® SCADA/RTU following the 2025 acquisition of Remsdaq Ltd. Products conform to ANSI, NEMA, IEEE, IEC, UL, and CSA standards, serving markets across utilities, oil & gas, data centers, mining, renewables, and industrial applications. The company operates manufacturing facilities in the US (Houston, North Canton, Northlake), Canada (Edmonton, Calgary), UK (Bradford), Bahrain, and Singapore.

Differentiator

Problem solved

Functional benefit

Brands

• PowlVac: Medium voltage vacuum circuit breaker and switchgear product line
• Power/Vac
• FlexGear
• FlexBoard
• PowlGear ME
• Ground Protect Plus
• Ground Gard
• BriteSpot
• EcoVisor
• BreakerView
• PinPoint
• CMAC
• Motor Manager 6
• DigiCore
• EPiC
• PowlSmart
• FlexTrol
• Nextron
• Remsdaq
• PowlPOD
• PowlVac100

Products and services

• PowlVac® Switchgear

Quantifiable outcome

• Record backlog of $1.8 billion (Q2 FY2026), up 33% year-over-year
• +4 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Remsdaq Ltd.strategicTechnology or Integration · 15 July 2025UK-based manufacturer of Remote Terminal Units (RTUs) for electrical substations, acquired for approximately $16.3 million in July 2025. The acquisition expands Powell's automation platform and enhances solutions for utility operational efficiency and security. Remsdaq is ahead of schedule in bringing digital automation solutions to the North American market and has already begun generating US orders.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• ABB: Swiss-Swedish multinational that is a leading global supplier of switchgear, motor control, E-Houses, and integrated power distribution systems. Powell's CEO Brett Cope previously spent 20 years at ABB. Powell is explicitly profiled alongside ABB in the global E-House leaders list.
• Eaton: US-listed power management company producing medium and low voltage switchgear, motor control centers, and Power Distribution assemblies. Powell's FlexGear platform integrates Eaton Magnum DS breakers as one of its OEM options, and Powell competes directly with Eaton's switchgear and E-House offerings.
• Schneider Electric: Global specialist in energy management and automation, with deep switchgear, E-House, and integrated power distribution portfolios. Powell's FlexGear accepts Schneider Masterpact MTZ draw-out breakers and Powell competes head-to-head with Schneider in custom-engineered power solutions for data centers and utilities.
• Siemens: Major German industrial conglomerate with extensive medium voltage switchgear and E-House offerings under the Smart Infrastructure division. Powell's FlexGear uses Siemens WL breaker elements, and Siemens is one of the five profiled global E-House leaders alongside Powell.
• GE Vernova: GE's publicly listed power and grid equipment business covering switchgear, transformers, and grid solutions. Directly competes with Powell on utility-grade power distribution and integrated package solutions for grid modernization and data center markets.
• Hubbell: US-listed manufacturer of electrical components, switchgear, and connectors for utility, industrial, and commercial markets. Comparable as a US-domiciled mid-cap electrical equipment company with similar end-market exposure to utilities and industrial customers.
• nVent Electric: US-listed provider of electrical connection and protection solutions serving industrial, utility, and infrastructure markets with enclosures, switchgear, and power systems. Comparable in size, US-centric operations, and electrical equipment focus to Powell.

Broad incumbents

• Rockwell Automation: Large industrial automation and controls vendor including power management, motor control, and SCADA products. Overlaps with Powell's automation/digital solutions (PMS/SCADA) at the higher-vendor level, although Rockwell's core is general automation rather than switchgear.
• Quanta Services: Large publicly listed infrastructure contractor specializing in electric power, communications, and pipeline infrastructure. Competes for utility and data center power infrastructure work where Powell's integrated package solutions (E-Houses, PCRs) are deployed, but at the EPC/build level rather than equipment manufacturing.

Emerging players

• Hammond Power Solutions: Canadian-listed manufacturer of dry-type transformers, magnetics, and complementary power conversion equipment used in industrial, data center, and utility applications. Comparable as a smaller mid-cap power equipment specialist with similar North American industrial customer base and adjacent product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/47260
• Xx.com/powellindjobs
• Facebookfacebook.com/powellind

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Powell Industries