The first half was a great start for Boston’s electric appliance industry, with a record-setting year for new orders.
But things were looking up for the industry as the market’s expansion slowed down and it saw declines in new orders for many types of electric appliances.
In the first six months of 2018, new orders of electric appliance units were down by 0.1 percent compared with the same period in 2017.
For instance, the number of electric-vehicle-specific orders declined 0.4 percent from a year earlier.
However, new electric-device orders declined 1.6 percent from last year, while new electric appliances orders declined 3.4 percentage points, according to the Massachusetts Department of Public Utilities.
And in the quarter ended June 30, the company added 6,600 new electric appliance orders, while it lost 1,700 units in the same quarter last year.
The market has been expanding in recent years, fueled by a robust economy and the adoption of new technologies.
While there were some strong signs in the last year or so, the market is still in a transition phase, and a lot can happen over the next year or two.
In fact, some analysts are calling for the state to consider introducing a minimum sales price for electric-related equipment.