334416

Analysis

NAICS 334416 is the 2022 national industry for capacitor, resistor, coil, transformer, and other inductor manufacturing, part of 33441 (Semiconductor and Other Electronic Component Manufacturing). Census lists 9 example activities under it in the official index.

County Business Patterns counts 322 US establishments in this code in 2023, employing 15,225 people at an average annual payroll of $60,525 per employee (33rd percentile of national industries). 16% of the establishments have fewer than five employees, which points to larger operations.

Between 2018 and 2023 the number of establishments fell 14% and employment fell 15%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.

Its index entries, the activities Census uses to assign businesses to this code, include capacitors, electronic, fixed and variable, manufacturing, chokes for electronic circuitry manufacturing, condensers, electronic, manufacturing and inductors, electronic component-type (e.g., chokes, coils…, among 9 in all.

Its goods appear in 62 statistical lines of the US tariff schedule, mostly under headings 8532 (electrical capacitors, fixed, variable or adjustable…), 8533 (electrical resistors (including rheostats and…) and 8504 (electrical transformers, static converters (for example…). That link is how import data is matched to domestic producers, for example in trade-remedy cases.

Census lists 3 related activities that belong elsewhere, most often in 335999, 334419 and 335311. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.