Hubbell manufactures electrical and utility equipment, including components used in electrical grid infrastructure, wiring devices, lighting and other products used across residential, commercial, industrial and utility applications. Its utility solutions segment makes equipment used by electric utilities to build and maintain transmission and distribution infrastructure, a business that benefits from utility spending on grid modernization and reliability upgrades. The company's electrical solutions segment sells wiring devices, connectors and other components used in construction and industrial applications, products that are typically smaller-ticket but sold in high volumes across many customers. Hubbell's growth is tied to both utility infrastructure spending, which has increased as utilities invest in grid modernization and renewable energy integration, and broader construction and industrial activity that drives demand for its electrical components.