Globe Electric

Globe Electric Market Overview

Globe Electric, owned by Canadian private equity firm Novacap, demonstrates strong in-store retail performance with Lowe's commanding 50.7% of revenue share year-to-date, according to Gr032 Intelligence data covering January through August 2026. The brand achieved 15.5% overall revenue growth during the tracking period, with Home Depot capturing the second-largest channel share at 27.1%, while Amazon and Menards represent smaller but meaningful revenue contributors at 12.5% and 7.5% respectively. Average product pricing held steady at $42.48 across the portfolio, though prices declined 1.8% over the analysis period despite a modest 3.0% month-over-month revenue increase in the most recent period tracked. The concentration of sales among the top two retail partners underscores Globe Electric's reliance on major home improvement chains for distribution and market penetration.