The Unseen Engine: IEM's 158% Growth Powers the Pacific's Tech Boom

FREMONT, CA – March 31, 2026 – Industrial Electric Mfg.™ (IEM), a cornerstone of custom power systems for over 75 years, has been named No. 50 on the sixth annual Inc. Regionals: Pacific list, a prestigious ranking of the fastest-growing private companies in the region. The Fremont-based manufacturer achieved a remarkable 158% revenue growth over a two-year period, cementing its status among the most dynamic enterprises in California, Oregon, Washington, Hawaii, and Alaska.

The recognition, which is based on verified revenue growth from 2022 to 2024, places IEM well above the list's median growth rate of 94%. This achievement comes during a period marked by significant economic headwinds.

“We are honored to be recognized by Inc. as one of the fastest-growing private companies in the Pacific region,” said Clayton Such, CEO of IEM, in a statement. “This recognition reflects the strength of our team, the trust of our customers, and our disciplined focus on delivering reliable, high-quality power solutions for critical infrastructure. It underscores our commitment to operational excellence, innovation, and long-term value creation, and we look forward to sustaining this momentum in the years ahead.”

Powering the Digital and Green Revolutions

IEM’s explosive growth is not an isolated event but a direct reflection of its strategic position at the epicenter of two global transformations: the artificial intelligence-driven data center boom and the transition to renewable energy. The company designs and manufactures the highly specialized electrical distribution and control systems that form the backbone of these mission-critical industries.

Demand for data center capacity is surging at an unprecedented rate, largely fueled by power-hungry AI workloads. Industry analysts project that data center grid-power demand will rise by 22% in 2025 alone and could nearly triple by 2030. This has created a veritable “power crunch,” where the development of new data centers is often limited not by land or capital, but by the availability of electricity. This bottleneck has created a massive opportunity for companies like IEM, which provide the custom, resilient, and scalable power infrastructure necessary to manage these high-density environments.

Simultaneously, the global push for decarbonization requires a modernized and more intelligent electrical grid capable of integrating variable renewable energy sources like solar and wind. IEM’s expertise in creating sophisticated control systems is vital for ensuring grid stability and efficiency as utilities navigate this complex transition. The company's solutions are fundamental to the infrastructure supporting both electric vehicle charging networks and large-scale renewable energy projects.

A Blueprint for Growth in a Turbulent Economy

Achieving 158% growth required more than just being in the right market. It demanded a strategy of proactive investment and operational resilience. This point was echoed by Inc.'s editorial director, Bonny Ghosh, who noted that this year's honorees “achieved exceptional growth at a time when the odds were against them. Amid inflation, supply chain disruptions, and ongoing economic uncertainty, they didn't just persevere – they innovated, adapted, and thrived.”

IEM’s recent actions provide a clear blueprint for this success. The company has been aggressively scaling its North American footprint to meet escalating demand. In January 2026, it announced a landmark $200 million investment in a new 500,000-square-foot facility in Canada, a move projected to add 3,000 jobs. This followed the opening of a new field service facility in the data center hub of Ashburn, Virginia, in late 2024 and a 178,000-square-foot manufacturing expansion in Vancouver.

While the market for power distribution systems includes global giants like Schneider Electric, Siemens, and ABB, IEM has carved out a dominant position as North America's largest independent, full-line manufacturer. This independence allows for greater flexibility and a focus on customer-specific, engineered-to-order solutions, a key differentiator when serving complex projects in the data center and utility sectors. The company is tapping into a rapidly expanding market, with the global power distribution component sector projected to grow from approximately $120 billion in 2025 to over $203 billion by 2034.

75 Years of Expertise in a Manufacturing Hub

IEM’s recent accolade is the latest chapter in a 75-year history of engineering excellence. The company’s longevity and deep-seated expertise are a crucial part of its value proposition. This legacy is deeply intertwined with its home base of Fremont, California, a city that has strategically cultivated its identity as the largest advanced manufacturing hub on the West Coast.

While other parts of the Bay Area have de-industrialized, Fremont has doubled down on manufacturing, seeing its job count in the sector swell from 30,000 to 65,000 since 2018. Today, manufacturing accounts for over a third of all jobs in the city. IEM stands as a prime example of this strategy's success, providing the kind of stable, middle-income technical careers that enable residents to thrive in a high-cost region.

The company’s growth directly fuels this local ecosystem. The 134 companies on the Inc. Regionals: Pacific list collectively added over 7,500 jobs and $2.5 billion to the regional economy between 2022 and 2024, and IEM's own significant hiring plans are a major part of that story.

This combination of historical expertise and forward-looking investment has created a powerful engine for growth. As the digital and energy landscapes continue their rapid evolution, IEM’s role as a provider of foundational power infrastructure is more critical than ever. The Inc. ranking is not just a recognition of past performance but a strong indicator of the company’s pivotal position in powering the future. As the Pacific region continues to lead in technological innovation and sustainable energy, the foundational systems built by companies like IEM will remain the critical, often unseen, bedrock of that progress.