U.S. Electrical Contractors Market - Industry Outlook & Forecast 2024-2029

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THE U.S. ELECTRICAL CONTRACTORS MARKET SIZE IS EXPECTED TO REACH USD 256.65 BILLION BY 2029 FROM USD 237.59 BILLION IN 2023, GROWING AT A CAGR OF 1.29% DURING THE FORECAST PERIOD.

The U.S. Electrical Contractors Market Size, Share, & Trends Analysis Report By

  1. Services: Electrical, Telecommunication, Fire & Safety, Electrical Control, Highway, and Others
  2. Application: New Construction and Renovation or Maintenance
  3. End-use: Outside, Inside (Residential, Commercial, and Industrial), and Integrated Building System
  4. Region: The U.S. (South, West, Midwest, and Northeast)

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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U.S. ELECTRICAL CONTRACTORS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 256.65 Billion
Market Size (2023)USD 237.59 Billion
CAGR (2023-2029)1.29%
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
SEGMENTS BYServices, Application, End-use, and Region
REGIONAL ANALYSIS The U.S. (South, West, Midwest, and Northeast)
KEY PLAYERSQuanta Services, MYR Group, MDU Resources Group, IES Holdings, EMCOR, and MasTec
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MARKET INSIGHTS

The U.S. electrical contractors market size was valued at USD 237.59 billion in 2023 and is expected to reach USD 256.65 billion by 2029, growing at a CAGR of 1.29% during the forecast period. The rise in 5G technology, demand from data centers, shift toward clean energy, and demand for EV charging infrastructure contribute to the market's growth. Also, the U.S. electrical contractors market in the South U.S. is expected to experience significant growth. The south U.S. region witnessed a high demand for electrical contractors, with many firms investing in colocation. Colocation is usually a rental space for customers to store their necessary hardware and servers for daily operations. Electrical contractors design and build these spaces. Thus, electrical contractors are vital in the U.S. construction industry and the broader economy. They are responsible for employing a substantial workforce and generating significant annual revenues. These contractors deliver crucial services that ensure the operation of modern society, including the design, installation, and maintenance of electrical systems powering homes, businesses, and communities. With the ongoing expansion of the U.S. economy and the rising demand for electrical services, the U.S. electrical contractors market is projected to grow in the coming years.

Electrical contractors are individuals or companies that provide electrical services. They are responsible for designing, installing, maintaining, and repairing electrical systems and components in residential, commercial, and industrial settings. Electrical contractors mainly focus on electrical, telecommunications, fire & safety, electrical control, highway, and other sectors. They typically include a team of skilled workers, including electricians, with the knowledge and experience necessary to safely and effectively complete electrical projects. The U.S. electrical contractors market offers a wide range of services, including installing electrical systems in new construction projects, retrofitting and renovating existing structures, electrical maintenance and repair services, and emergency electrical services. They may also specialize in various electrical systems, such as fire and security, lighting, renewable energy, etc. Furthermore, electrical contractors generally ensure that electrical systems and components are installed, maintained, and repaired safely and efficiently. They provide essential services that support modern society's functioning and help power homes, businesses, and communities.

MARKET TRENDS & OPPORTUNITIES

Demand From Data Centers

Electrical contractors play a crucial role in ensuring the reliability and efficiency of facilities, in addition to powering data centers. This includes designing and implementing backup power systems, such as generators and UPSs, to ensure that data centers can continue operating during a power outage. They also design and implement energy-efficient systems, such as power management systems, to reduce data centers’ energy consumption. DC Blox has adopted 72 acres of land in Conyers, Georgia, to create a new hyperscale-ready data center campus. At full capacity, the campus is designed to accommodate 750,000 square feet of space and is supported by a total power commitment of 216 MW from Georgia Power. Some electrical contractors expand their service portfolio by providing services to data centers. For instance, Cache Valley Electric is a known and leading critical data center electrical contractor. The company specializes in complex data center construction and maintenance to deliver electrical construction and communication solutions that help make online data secure and accessible. Overall, the U.S. electrical contractors market is critical to the data center industry. They provide the necessary expertise and skills to design and maintain electrical systems that power these facilities and ensure their reliability, efficiency, and security.

Demand for Electric Vehicle Charging Infrastructure

The dynamics of the U.S. automotive industry changed over the years. U.S. consumer preferences have changed from internal combustion engine (ICE) vehicles to electric vehicles (EVs) or green vehicles. This is primarily due to the rise in fuel cost, pollution, and overall decline in Electric Vehicles. For instance, the U.S. is the second-highest carbon emitter after China globally. In addition, federal and state governments implement various policies to control the harmful emissions from vehicles, driving the shift from ICE vehicles to EVs. Furthermore, 15 states of the U.S. and the District of Colombia plan to convert 30% and 100% of commercial heavy-duty vehicles (HDVs) to zero-emission vehicles (ZEVs) by 2030 and 2050, respectively. During the first quarter of 2024, sales of EVs reached approximately 350,000 units, representing an increase of nearly 15% compared to the same period the previous year. Overall, in 2024, electric car sales in the U.S. are expected to increase by 20% compared to 2023, amounting to nearly half a million additional sales relative to 2023. However, despite a challenging end to 2023 for electric cars in the U.S., sales are projected to remain strong in 2024. Electrical contractors are mainly licensed professionals to perform electrical work. Therefore, electrical contractors usually hire professional electricians to install EV charging, apply for permits, and meet obligations mainly related to conducting electrical work, including safety requirements. Therefore, the rise in the demand for EV charging infrastructure is majorly driven by a combination of factors, mainly an increase in the number of EVs on the road, government incentives, environmental concerns, consumer convenience, and business opportunities. Thus, the demand will continue to rise as more people adopt EVs as their primary mode of transportation. Also, electrical contractors are mainly licensed professionals to perform electrical work. Therefore, they usually hire professional electricians to install EV charging, apply for permits, and meet obligations mainly related to conducting electrical work, including safety requirements.

INDUSTRY RESTRAINTS

Intense Competition

The U.S. electrical contractors market is experiencing heightened competition due to various factors, making it challenging for companies to maintain and grow their market positions. The rapid pace of technological innovation is a significant driver of competition in the electrical contracting industry. The transition to renewable energy sources, such as solar and wind power, requires contractors to continuously update their skills and expertise. For example, companies like Tesla and Sunrun dominate the solar installation market due to their advanced technology and extensive experience, putting pressure on traditional electrical contractors to keep up or risk being left behind. The industry faces a significant labor shortage, with a growing demand for skilled electricians outpacing the supply. According to the National Electrical Contractors Association (NECA), the shortage is driven by the retirement of experienced electricians and a lack of new entrants into the field. This shortage creates intense competition for skilled labor, forcing companies to offer higher wages and better benefits to attract and retain workers. Smaller firms often struggle to compete with larger companies like Quanta Services, which can afford to provide more attractive compensation packages. Thus, electrical contractors are adopting various strategies to enhance their competitive position. Firms invest in advanced training programs to equip their workforce with the latest skills and certifications. For instance, Rosendin Electric offers extensive training and apprenticeship programs to ensure their employees are proficient in the latest technologies and installation techniques.

SEGMENTATION INSIGHTS

INSIGHT BY SERVICE

The U.S. electrical contractors market by services is segmented into electrical, telecommunication, fire & safety, electrical control, highway, and others. In 2023, the electrical service segment dominated the U.S. market share. A rise in EV charging infrastructure is expected to boost the market during the forecast period. In addition, increased construction and renovation activities in residential and commercial spaces increase the demand for electrical contractors in the market. Moreover, the demand for electricity from the transportation industry is also expected to boost the demand for electrical contractor services. Huge construction networks of highways, railroads, processing plants, & others support the delivery of resources to generate services depending on electrical power and electricity. Hence, contractors play a major role in the processing and planning of electricity generation.

INSIGHT BY APPLICATION

The new construction application held the most significant share of the U.S. electrical contractors market in 2023. The surge in construction activities, rapid infrastructural development, and government initiatives to construct new buildings will propel the demand for electrical contractor services during the forecast period. Moreover, the construction of new non-residential spaces, including healthcare, offices, industrial, commercial, and transportation, also increased after the pandemic period. This drives the demand for services from electrical contractors, mainly for installation, wiring, and other things. Furthermore, the demand for renovation or maintenance from the residential sector is expected to be a major growth driver for the U.S. electrical contractors market.

INSIGHT BY END-USE

The U.S. electrical contractors market by end-use is segmented into outside, inside (residential, commercial, and industrial), and integrated building systems. In 2023, the outside segment dominated the market, accounting for an incremental growth of over USD 9 billion. The outside electrical contractors mainly manage systems outside the building, including line workers who provide electrical and telecommunication services through transmission and distribution lines. Some major vendors who provide outside or line services include Quanta Services, Rosendin Electric, PLH Group, Hot Line Construction, MasTec, and Power Line Contractors. Further, inside electrical contractors mainly manage electrical systems within or inside buildings, including light fixtures and electrical outlets, which are integral to building interiors. Also, the inside segment is sub-segmented into residential, commercial, and industrial. Integrated building contractors usually manage the electrical components of integrated systems, mainly climate control, access, lighting, networks, and others.

GEOGRAPHICAL ANALYSIS

The U.S. electrical contractors market is poised for substantial growth, driven by several key economic indicators. In 2023, South U.S. dominated the U.S. electrical contractors market, accounting for over 37% share by revenue. The U.S. population is largely tech-savvy and well aware of the benefits of modern technologies and smart services in terms of convenience and aesthetics. Consequently, the adoption rate of contractor services is high. Various sectors, including residential and commercial construction and institutional projects, drive the demand for electrical contractors. The electrical contracting market stands to gain significantly from a strong economy, a robust labor market, and moderate inflation. With the expansion of construction activities across residential, commercial, and industrial sectors, electrical contractors are presented with ample opportunities for growth and innovation. By staying informed about market trends and harnessing technological advancements, contractors can effectively navigate potential challenges and position themselves for success in a dynamic business landscape.

COMPETITIVE LANDSCAPE

The U.S. electrical contractors market is highly fragmented, with several vendors operating. Quanta Services, MYR Group, ArchKey Solutions, EMCOR Group, MasTec, and more have a sizeable local presence and major U.S. electrical contractors market vendors. The industry witnesses a sudden increase in electrical contractors. Several companies specialize in a limited number of services or cater only to one end-user segment. In addition, many vendors prefer skilled employees, mainly those with an electrical background. Thus, most employees need significant training, which further increases entry barriers.

In the U.S. electrical contractors industry, vendors differentiate themselves based on their range of service offerings, brand reputation, ability to customize solutions, pricing, skilled workforce, and technological capabilities. Many vendors provide comprehensive assistance portals and management services, collaborating with other entities in the electrical sector, such as those involved in transmission, distribution, substation, and Building Information Modeling (BIM) to offer a holistic corporate assistance program. Additionally, vendors frequently partner with technology companies to develop and enhance these assistance programs, ensuring they stay competitive and responsive to market demands.

Frequently Asked Questions

How big is the U.S. electrical contractors market?

The U.S. electrical contractors market size was valued at USD 237.59 billion in 2023 and is expected to reach USD 256.65 billion by 2029.

What is the growth rate of the U.S. electrical contractors market?

The U.S. electrical contractors market is expected to grow at a CAGR of 1.29% from 2023 to 2029.

Who are the key players in the U.S. electrical contractors market?

Quanta Services, MYR Group, MDU Resources Group, IES Holdings, EMCOR, and MasTec are the key players in the U.S. electrical contractors market.

What are the significant trends in the U.S. electrical contractors industry?

Demand from data centers and the shift toward clean energy are significant trends in the U.S. electrical contractors industry.

Which region dominates the U.S. electrical contractors market share?

The South held the largest U.S. electrical contractors market share, accounting for over 37% in 2023.

The U.S. electrical contractors market size is expected to grow at a CAGR of approximately 1.29% from 2023 to 2029.

The following factors are likely to contribute to the growth of the U.S. electrical contractors market during the forecast period:

  1. Growing Adoption of 5G Technology by Industries
  2. Demand for The Electric Vehicle Charging Infrastructure
  3. Infrastructure Development
  4. Increased Renovation Activities
  5. Growing Adoption of AI & Clean Tech Manufacturing

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the U.S. electrical contractors market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  1. Quanta ServicesBusiness Overview
  2. Service Offerings
  3. Key Strategies
  4. Key Strengths
  5. Key Opportunities
  6. MYR Group
  7. MDU Resources Group
  8. IES Holdings
  9. EMCOR
  10. MasTec

Other Prominent Vendors

  1. ABMBusiness Overview
  2. Service Offerings
  3. Aldridge
  4. American Electrical Contracting
  5. ArchKey Solutions
  6. Bergelectric
  7. Cache Valley Electric
  8. Cleveland Electric
  9. Collins Electrical Company
  10. Comfort Systems USA
  11. Commonwealth Electric Company
  12. Crete Mechanical Group (CMG)
  13. Cupertino Electric
  14. EC Electric
  15. E-J Electric Installation
  16. Facility Solutions Group
  17. Faith Technologies
  18. Five Star Electric
  19. Gaylor Electric
  20. Helix Electric
  21. Henkels & McCoy
  22. Hilscher-Clarke
  23. Hunt Electric
  24. Inglett & Stubbs
  25. J.F. Electric
  26. M.C. Dean
  27. Mid South Contractors
  28. Miller Electric Company
  29. MMR Group
  30. New England Electrical Contracting
  31. O'Connell Electric Company
  32. Power Design
  33. Redwood Electric Group
  34. RESA Power
  35. Rogers Electric
  36. Rosendin Electric
  37. SunGrid Solutions
  38. The Newtron Group
  39. Tri-City Electric
  40. Wachter
  41. Wayne J. Griffin Electric

Segmentation by Services

  1. Electrical
  2. Telecommunication
  3. Fire & Safety
  4. Electrical Control
  5. Highway
  6. Others

Segmentation by Application

  1. New Construction
  2. Renovation or Maintenance

Segmentation by End-use

  1. Outside
  2. Inside  
  3. Residential
  4. Commercial
  5. Industrial
  6. Integrated Building System

Segmentation by Region

  1. The U.S.South
  2. West
  3. Midwest
  4. Northeast

EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2023

EXHIBIT 2 KEY METRICS IMPACTING INDUSTRY PERFORMANCE

EXHIBIT 3 EMERGING TECHNOLOGICAL TRENDS FOR ELECTRICAL CONTRACTORS

EXHIBIT 4 LIFE CYCLE OF ELECTRICAL INSTALLATION

EXHIBIT 5 MAJOR ROLES OF NECA

EXHIBIT 6 BENEFITS OF NECA MEMBERSHIP

EXHIBIT 7 MAJOR NECA ASSOCIATIONS

EXHIBIT 8 KEY FACTORS INFLUENCING THE MARKET

EXHIBIT 9 FACTORS IMPACTING ELECTRICAL CONTRACTORS MARKET

EXHIBIT 10 MAIN ACTIVITIES IN ELECTRICAL INDUSTRY

EXHIBIT 11 MAJOR PRODUCTS OR SERVICES IN ELECTRICAL INDUSTRY

EXHIBIT 12 OVERALL US CONSTRUCTION, 2023 ($ MILLION)

EXHIBIT 13 VALUE CHAIN ANALYSIS

EXHIBIT 14 IMPACT OF DEMAND FROM DATA CENTERS

EXHIBIT 15 MAJOR SERVICES OFFERED BY ELECTRICAL CONTRACTORS

EXHIBIT 16 IMPACT OF SHIFTING PREFERENCES TOWARD CLEAN ENERGY

EXHIBIT 17 MAJOR DRIVERS OF ENERGY DEMAND

EXHIBIT 18 IMPACT OF GROWING ADOPTION OF 5G TECHNOLOGY ACROSS INDUSTRIES

EXHIBIT 19 ADOPTION OF 5G SPECTRUM IN INDUSTRIES

EXHIBIT 20 TECHNOLOGICAL UPGRADING ACROSS THE US (2022 VS 2023) (%)

EXHIBIT 21 IMPACT OF DEMAND FOR EV CHARGING INFRASTRUCTURE

EXHIBIT 22 EV CHARGING STATIONS AND CHARGING OUTLET INFRASTRUCTURE IN US, 2018–2023 (NUMBERS)

EXHIBIT 23 KEY RESPONSIBILITY OF ELECTRICAL CONTRACTORS FOR INSTALLING EV CHARGING INFRASTRUCTURES

EXHIBIT 24 IMPACT OF INFRASTRUCTURE DEVELOPMENT

EXHIBIT 25 KEY FACTORS DRIVING INFRASTRUCTURE DEVELOPMENT

EXHIBIT 26 IMPACT OF INCREASED RENOVATION ACTIVITIES

EXHIBIT 27 KEY DRIVERS FOR INCREASED RENOVATION ACTIVITIES

EXHIBIT 28 IMPACT OF GROWING ADOPTION OF AI & CLEAN TECH MANUFACTURING

EXHIBIT 29 US DATA CENTERS ENERGY DEMAND, 2019–2029 (GIGAWATTS)

EXHIBIT 30 IMPACT OF SHORTAGE OF SKILLED LABOR

EXHIBIT 31 CAUSES OF SKILLED LABOR SHORTAGE

EXHIBIT 32 IMPACT OF VOLATILITY IN RAW MATERIAL PRICES

EXHIBIT 33 SEVERAL FACTORS AFFECTING ELECTRICAL CONTRACTORS

EXHIBIT 34 ANNUAL RATE OF PRODUCER PRICE INDEX FOR COPPER WIRE, CABLE, AND EXTRUDED ALUMINUM SHAPES

EXHIBIT 35 IMPACT OF SUPPLY CHAIN DISRUPTIONS

EXHIBIT 36 IMPACT OF INTENSE COMPETITION

EXHIBIT 37 US ELECTRICAL CONTRACTORS MARKET 2023–2029 ($ BILLION)

EXHIBIT 38 FIVE FORCES ANALYSIS 2023

EXHIBIT 39 INCREMENTAL GROWTH BY SERVICE 2023 & 2029

EXHIBIT 40 US ELECTRICAL CONTRACTORS MARKEY BY SERVICE ($ BILLION)

EXHIBIT 41 FLOW CHART OF ELECTRICITY SUPPLY CHAIN

EXHIBIT 42 MAIN ACTIVITIES IN THE ELECTRICAL INDUSTRY

EXHIBIT 43 US ELECTRICAL SERVICE CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 44 MAJOR ELECTRICAL CONTRACTORS IN TELECOMMUNICATION SERVICE

EXHIBIT 45 CAPABILITIES OF ELECTRICAL CONTRACTORS

EXHIBIT 46 US ELECTRICAL TELECOMMUNICATION SERVICE CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 47 US ELECTRICAL FIRE & SAFETY SERVICE CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 48 KEY FUNCTIONS OF ELECTRICAL CONTROL

EXHIBIT 49 US ELECTRICAL CONTROL SERVICE CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 50 US HIGHWAY BRIDGES (NUMBERS), 2012-2023

EXHIBIT 51 US ELECTRICAL HIGHWAY SERVICE CONTRACTORS MARKET BY 2020–2029 ($ BILLION)

EXHIBIT 52 US OTHER ELECTRICAL SERVICES CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 53 INCREMENTAL GROWTH BY APPLICATION 2023 & 2029

EXHIBIT 54 US ELECTRICAL CONTRACTORS MARKET BY APPLICATION ($ BILLION)

EXHIBIT 55 KEY FACTORS DRIVING OPPORTUNITIES FOR ELECTRICAL CONTRACTORS

EXHIBIT 56 US NEW CONSTRUCTION ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 57 INDICATORS OF LEADING REMODELING ACTIVITY

EXHIBIT 58 US RENOVATION OR MAINTENANCE ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 59 INCREMENTAL GROWTH BY END-USE 2023 & 2029

EXHIBIT 60 US ELECTRICAL CONTRACTORS MARKET BY END-USE ($ BILLION)

EXHIBIT 61 MAJOR TYPES OF ELECTRICAL CONTRACTORS

EXHIBIT 62 US OUTSIDE ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 63 US INSIDE ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 64 US RESIDENTIAL ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 65 US COMMERCIAL ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 66 US INDUSTRIAL ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 67 FORMS OF INTEGRATED BUILDING SYSTEMS

EXHIBIT 68 US INTEGRATED BUILDING SYSTEM ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 69 INCREMENTAL GROWTH BY REGION 2023 & 2029

EXHIBIT 70 US SOUTH ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 71 KEY FACTORS DRIVING ELECTRICAL CONTRACTORS IN TEXAS

EXHIBIT 72 KEY FACTORS DRIVING ELECTRICAL CONTRACTORS IN FLORIDA

EXHIBIT 73 US WEST ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 74 US MIDWEST ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 75 US NORTHEAST ELECTRICAL CONTRACTORS MARKET 2020–2029 ($ BILLION)

EXHIBIT 76 KEY PROJECT BY VENDORS

EXHIBIT 77 US ELECTRICAL CONTRACTORS MARKET BY PLAYERS 2023 (% SHARE)

EXHIBIT 78 KEY CAVEATS


LIST OF TABLES


TABLE 1 RECENT MERGERS & ACQUISITIONS IN ELECTRICAL INDUSTRY

TABLE 2 ANNOUNCED US CLEAN ENERGY PROJECTS (SECTOR), 2023

TABLE 3 US ELECTRICIANS PROJECTED NUMBER BY INDUSTRY, 2030

TABLE 4 US ELECTRICAL CONTRACTORS MARKET BY SERVICE 2023−2029 ($ BILLION)

TABLE 5 US ELECTRICAL CONTRACTORS MARKET BY APPLICATION 2023−2029 ($ BILLION)

TABLE 6 US ELECTRICAL CONTRACTORS MARKET BY END-USE 2023−2029 ($ BILLION)

TABLE 7 US ELECTRICAL CONTRACTORS MARKET BY INSIDE END-USE 2023−2029 ($ BILLION)

TABLE 8 ELECTRICAL CONTRACTORS IN TEXAS

TABLE 9 ELECTRICAL CONTRACTORS IN FLORIDA

TABLE 10 ELECTRICAL CONTRACTORS IN CALIFORNIA

TABLE 11 ELECTRICAL CONTRACTORS IN WASHINGTON

TABLE 12 ELECTRICAL CONTRACTORS IN ILLINOIS

TABLE 13 ELECTRICAL CONTRACTORS IN MICHIGAN

TABLE 14 ELECTRICAL CONTRACTORS IN MASSACHUSETTS

TABLE 15 ELECTRICAL CONTRACTORS IN NEW YORK

TABLE 16 QUANTA SERVICES: MAJOR SERVICE OFFERINGS

TABLE 17 MYR GROUP: MAJOR SERVICE OFFERINGS

TABLE 18 MDU RESOURCES GROUP: MAJOR SERVICE OFFERINGS

TABLE 19 IES HOLDINGS: MAJOR SERVICE OFFERINGS

TABLE 20 EMCOR GROUP: MAJOR SERVICE OFFERINGS

TABLE 21 MASTEC: MAJOR SERVICE OFFERINGS

TABLE 22 ABM: MAJOR SERVICE OFFERINGS

TABLE 23 ALDRIDGE: MAJOR SERVICE OFFERINGS

TABLE 24 AMERICAN ELECTRICAL CONTRACTING: MAJOR SERVICE OFFERINGS

TABLE 25 ARCHKEY SOLUTIONS: MAJOR SERVICE OFFERINGS

TABLE 26 BERGELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 27 CACHE VALLEY ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 28 CLEVELAND ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 29 COLLINS ELECTRICAL COMPANY: MAJOR SERVICE OFFERINGS

TABLE 30 COMFORT SYSTEMS USA: MAJOR SERVICE OFFERINGS

TABLE 31 COMMONWEALTH ELECTRIC COMPANY: MAJOR SERVICE OFFERINGS

TABLE 32 CRETE MECHANICAL GROUP (CMG): MAJOR SERVICE OFFERINGS

TABLE 33 CUPERTINO ELECTRIC INC.: MAJOR SERVICE OFFERINGS

TABLE 34 EC ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 35 E-J ELECTRIC INSTALLATION: MAJOR SERVICE OFFERINGS

TABLE 36 FACILITY SOLUTIONS GROUP (FSG): MAJOR SERVICE OFFERINGS

TABLE 37 FAITH TECHNOLOGIES: MAJOR SERVICE OFFERINGS

TABLE 38 FIVE STAR ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 39 GAYLOR ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 40 HELIX ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 41 HENKELS & MCCOY: MAJOR SERVICE OFFERINGS

TABLE 42 HILSCHER-CLARKE: MAJOR SERVICE OFFERINGS

TABLE 43 HUNT ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 44 INGLETT & STUBBS: MAJOR SERVICE OFFERINGS

TABLE 45 J.F. ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 46 M.C. DEAN: MAJOR SERVICE OFFERINGS

TABLE 47 MID SOUTH CONTRACTORS: MAJOR SERVICE OFFERINGS

TABLE 48 MILLER ELECTRIC COMPANY: MAJOR SERVICE OFFERINGS

TABLE 49 MMR GROUP: MAJOR SERVICE OFFERINGS

TABLE 50 NEW ENGLAND ELECTRICAL CONTRACTING: MAJOR SERVICE OFFERINGS

TABLE 51 O’CONNELL ELECTRIC COMPANY: MAJOR SERVICE OFFERINGS

TABLE 52 POWER DESIGN: MAJOR SERVICE OFFERINGS

TABLE 53 REDWOOD ELECTRIC GROUP: MAJOR SERVICE OFFERINGS

TABLE 54 RESA POWER: MAJOR SERVICE OFFERINGS

TABLE 55 ROGERS ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 56 ROSENDIN ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 57 SUNGRID SOLUTIONS: MAJOR SERVICE OFFERINGS

TABLE 58 THE NEWTRON GROUP: MAJOR SERVICE OFFERINGS

TABLE 59 TRI-CITY ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 60 WACHTER: MAJOR SERVICE OFFERINGS

TABLE 61 WAYNE J GRIFFIN ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 62 US ELECTRICAL CONTRACTORS MARKET BY REGION 2023−2029 ($ BILLION)

TABLE 63 US ELECTRICAL CONTRACTORS MARKET BY REGION 2023−2029 (%)

TABLE 64 US ELECTRICAL CONTRACTORS MARKET BY SERVICE 2023−2029 ($ BILLION)

TABLE 65 US ELECTRICAL CONTRACTORS MARKET BY APPLICATION 2023−2029 ($ BILLION)

TABLE 66 US ELECTRICAL CONTRACTORS MARKET BY END-USE 2023−2029 ($ BILLION)

TABLE 67 US ELECTRICAL CONTRACTORS MARKET BY INSIDE END-USE 2023−2029 ($ BILLION)

TABLE 68 CURRENCY CONVERSION 2017−2023

1. SCOPE & COVERAGE

1.1. MARKET DEFINITION

1.1.1. INCLUSIONS

1.1.2. EXCLUSIONS

1.1.3. MARKET ESTIMATION CAVEATS

1.2. SEGMENTS COVERED & DEFINITION

1.2.1. MARKET SEGMENTATION BY SERVICE

1.2.2. MARKET SEGMENTATION BY APPLICATION

1.2.3. MARKET SEGMENTATION BY END-USER

1.2.4. MARKET SEGMENTATION BY INSIDE END-USER

1.2.5. REGIONS COVERED

1.3. MARKET DERIVATION

1.3.1. HISTORIC, BASE, & FORECAST YEARS

2. PREMIUM INSIGHTS

2.1. OPPORTUNITY POCKETS

2.1.1. MARKET MATURITY INDICATOR

2.1.2. REGIONAL INSIGHTS

2.1.3. MARKET DEFINITION

2.1.4. REPORT OVERVIEW

2.1.5. OPPORTUNITIES AND CHALLENGES ANALYSIS

2.1.6. SEGMENT ANALYSIS

2.1.7. REGIONAL ANALYSIS

2.1.8. COMPETITIVE LANDSCAPE

2.1.9. KEY QUESTIONS ANSWERED IN THE REPORT

3. MARKET AT A GLANCE

4. INTRODUCTION

4.1. OVERVIEW

4.1.1. NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (NECA)

4.1.2. REGULATIONS

4.1.3. KEY FACTORS IMPACTING THE MARKET

4.1.4. RISK FACTORS

4.2. MERGERS & ACQUISITIONS

4.3. OVERALL ELECTRICAL INDUSTRY

4.4. OVERALL CONSTRUCTION INDUSTRY

4.5. VALUE CHAIN ANALYSIS

5. MARKET OPPORTUNITIES & TRENDS

5.1. DEMAND FROM DATA CENTERS

5.2. SHIFTING PREFERENCES TOWARD CLEAN ENERGY

6. MARKET GROWTH ENABLERS

6.1. GROWING ADOPTION OF 5G TECHNOLOGY ACROSS INDUSTRIES

6.2. DEMAND FOR EV CHARGING INFRASTRUCTURE

6.3. INFRASTRUCTURE DEVELOPMENT

6.4. INCREASED RENOVATION ACTIVITIES

6.5. GROWING ADOPTION OF AI & CLEAN TECH MANUFACTURING

7. MARKET RESTRAINTS

7.1. SHORTAGE OF SKILLED LABOR

7.2. VOLATILITY IN RAW MATERIAL PRICES

7.3. SUPPLY CHAIN DISRUPTIONS

7.4. INTENSE COMPETITION

8. MARKET LANDSCAPE

8.1. MARKET OVERVIEW

8.2. MARKET SIZE & FORECAST

8.3. SERVICE

8.3.1. MARKET SIZE & FORECAST

8.4. APPLICATION

8.4.1. MARKET SIZE & FORECAST

8.5. END-USE

8.5.1. MARKET SIZE & FORECAST

8.6. INSIDE END-USE

8.6.1. MARKET SIZE & FORECAST

8.7. FIVE FORCES ANALYSIS

8.7.1. THREAT OF NEW ENTRANTS

8.7.2. BARGAINING POWER OF SUPPLIERS

8.7.3. BARGAINING POWER OF BUYERS

8.7.4. THREAT OF SUBSTITUTES

8.7.5. COMPETITIVE RIVALRY

9. SERVICE

9.1. MARKET SNAPSHOT & GROWTH ENGINE

9.2. MARKET OVERVIEW

9.3. ELECTRICAL

9.3.1. MARKET OVERVIEW

9.3.2. MARKET SIZE & FORECAST

9.4. TELECOMMUNICATION

9.4.1. MARKET OVERVIEW

9.4.2. MARKET SIZE & FORECAST

9.5. FIRE & SAFETY

9.5.1. MARKET OVERVIEW

9.5.2. MARKET SIZE & FORECAST

9.6. ELECTRICAL CONTROL

9.6.1. MARKET OVERVIEW

9.6.2. MARKET SIZE & FORECAST

9.7. HIGHWAY

9.7.1. MARKET OVERVIEW

9.7.2. MARKET SIZE & FORECAST

9.8. OTHERS

9.8.1. MARKET OVERVIEW

9.8.2. MARKET SIZE & FORECAST

10. APPLICATION

10.1. MARKET SNAPSHOT & GROWTH ENGINE

10.2. MARKET OVERVIEW

10.3. NEW CONSTRUCTION

10.3.1. MARKET OVERVIEW

10.3.2. MARKET SIZE & FORECAST

10.4. RENOVATION OR MAINTENANCE

10.4.1. MARKET OVERVIEW

10.4.2. MARKET SIZE & FORECAST

11. END-USE

11.1. MARKET SNAPSHOT & GROWTH ENGINE

11.2. MARKET OVERVIEW

11.3. OUTSIDE

11.3.1. MARKET OVERVIEW

11.3.2. MARKET SIZE & FORECAST

11.4. INSIDE

11.4.1. MARKET OVERVIEW

11.4.2. MARKET SIZE & FORECAST

11.4.3. RESIDENTIAL: MARKET SIZE & FORECAST

11.4.4. COMMERCIAL: MARKET SIZE & FORECAST

11.4.5. INDUSTRIAL: MARKET SIZE & FORECAST

11.5. INTEGRATED BUILDING SYSTEM

11.5.1. MARKET OVERVIEW

11.5.2. MARKET SIZE & FORECAST

12. REGION

12.1. MARKET SNAPSHOT & GROWTH ENGINE

12.2. REGIONAL OVERVIEW

13. SOUTH

13.1. MARKET OVERVIEW

13.2. MARKET SIZE & FORECAST

13.3. TEXAS

13.3.1. LIST OF ELECTRICAL CONTRACTORS IN TEXAS

13.4. FLORIDA

13.4.1. LIST OF ELECTRICAL CONTRACTORS IN FLORIDA

14. WEST

14.1. MARKET OVERVIEW

14.2. MARKET SIZE & FORECAST

14.3. CALIFORNIA

14.3.1. LIST OF ELECTRICAL CONTRACTORS IN CALIFORNIA

14.4. WASHINGTON

14.4.1. LIST OF ELECTRICAL CONTRACTORS IN WASHINGTON

15. MIDWEST

15.1. MARKET OVERVIEW

15.2. MARKET SIZE & FORECAST

15.3. ILLINOIS

15.3.1. LIST OF ELECTRICAL CONTRACTORS IN ILLINOIS

15.4. MICHIGAN

15.4.1. LIST OF ELECTRICAL CONTRACTORS IN MICHIGAN

16. NORTHEAST

16.1. MARKET OVERVIEW

16.2. MARKET SIZE & FORECAST

16.3. MASSACHUSETTS

16.3.1. LIST OF ELECTRICAL CONTRACTORS IN MASSACHUSETTS

16.4. NEW YORK

16.4.1. LIST OF ELECTRICAL CONTRACTORS IN NEW YORK

17. COMPETITIVE LANDSCAPE

17.1. COMPETITION OVERVIEW

17.2. MARKET SHARE ANALYSIS

18. KEY COMPANY PROFILES

18.1. QUANTA SERVICES

18.1.1. BUSINESS OVERVIEW

18.1.2. SERVICE OFFERINGS

18.1.3. KEY STRATEGIES

18.1.4. KEY STRENGTHS

18.1.5. KEY OPPORTUNITIES

18.2. MYR GROUP

18.2.1. BUSINESS OVERVIEW

18.2.2. SERVICE OFFERINGS

18.2.3. KEY STRATEGIES

18.2.4. KEY STRENGTHS

18.2.5. KEY OPPORTUNITIES

18.3. MDU RESOURCES GROUP

18.3.1. BUSINESS OVERVIEW

18.3.2. SERVICE OFFERINGS

18.3.3. KEY STRATEGIES

18.3.4. KEY STRENGTHS

18.3.5. KEY OPPORTUNITIES

18.4. IES HOLDINGS

18.4.1. BUSINESS OVERVIEW

18.4.2. SERVICE OFFERINGS

18.4.3. KEY STRATEGIES

18.4.4. KEY STRENGTHS

18.4.5. KEY OPPORTUNITIES

18.5. EMCOR GROUP

18.5.1. BUSINESS OVERVIEW

18.5.2. SERVICE OFFERINGS

18.5.3. KEY STRATEGIES

18.5.4. KEY STRENGTHS

18.5.5. KEY OPPORTUNITIES

18.6. MASTEC

18.6.1. BUSINESS OVERVIEW

18.6.2. SERVICE OFFERINGS

18.6.3. KEY STRATEGIES

18.6.4. KEY STRENGTHS

18.6.5. KEY OPPORTUNITIES

19. OTHER PROMINENT VENDORS

19.1. ABM

19.1.1. BUSINESS OVERVIEW

19.1.2. SERVICE OFFERINGS

19.2. ALDRIDGE

19.2.1. BUSINESS OVERVIEW

19.2.2. SERVICE OFFERINGS

19.3. AMERICAN ELECTRICAL CONTRACTING

19.3.1. BUSINESS OVERVIEW

19.3.2. SERVICE OFFERINGS

19.4. ARCHKEY SOLUTIONS

19.4.1. BUSINESS OVERVIEW

19.4.2. SERVICE OFFERINGS

19.5. BERGELECTRIC

19.5.1. BUSINESS OVERVIEW

19.5.2. SERVICE OFFERINGS

19.6. CACHE VALLEY ELECTRIC

19.6.1. BUSINESS OVERVIEW

19.6.2. SERVICE OFFERINGS

19.7. CLEVELAND ELECTRIC

19.7.1. BUSINESS OVERVIEW

19.7.2. SERVICE OFFERINGS

19.8. COLLINS ELECTRICAL COMPANY

19.8.1. BUSINESS OVERVIEW

19.8.2. SERVICE OFFERINGS

19.9. COMFORT SYSTEMS USA

19.9.1. BUSINESS OVERVIEW

19.9.2. SERVICE OFFERINGS

19.10. COMMONWEALTH ELECTRIC COMPANY

19.10.1. BUSINESS OVERVIEW

19.10.2. SERVICE OFFERINGS

19.11. CRETE MECHANICAL GROUP (CMG)

19.11.1. BUSINESS OVERVIEW

19.11.2. SERVICE OFFERINGS

19.12. CUPERTINO ELECTRIC INC.

19.12.1. BUSINESS OVERVIEW

19.12.2. SERVICE OFFERINGS

19.13. EC ELECTRIC

19.13.1. BUSINESS OVERVIEW

19.13.2. SERVICE OFFERINGS

19.14. E-J ELECTRIC INSTALLATION

19.14.1. BUSINESS OVERVIEW

19.14.2. SERVICE OFFERINGS

19.15. FACILITY SOLUTIONS GROUP(FSG)

19.15.1. BUSINESS OVERVIEW

19.15.2. SERVICE OFFERINGS

19.16. FAITH TECHNOLOGIES

19.16.1. BUSINESS OVERVIEW

19.16.2. SERVICE OFFERINGS

19.17. FIVE STAR ELECTRIC

19.17.1. BUSINESS OVERVIEW

19.17.2. SERVICE OFFERINGS

19.18. GAYLOR ELECTRIC

19.18.1. BUSINESS OVERVIEW

19.18.2. SERVICE OFFERINGS

19.19. HELIX ELECTRIC

19.19.1. BUSINESS OVERVIEW

19.19.2. SERVICE OFFERINGS

19.20. HENKELS & MCCOY

19.20.1. BUSINESS OVERVIEW

19.20.2. SERVICE OFFERINGS

19.21. HILSCHER-CLARKE

19.21.1. BUSINESS OVERVIEW

19.21.2. SERVICE OFFERINGS

19.22. HUNT ELECTRIC

19.22.1. BUSINESS OVERVIEW

19.22.2. SERVICE OFFERINGS

19.23. INGLETT & STUBBS

19.23.1. BUSINESS OVERVIEW

19.23.2. SERVICE OFFERINGS

19.24. J.F. ELECTRIC

19.24.1. BUSINESS OVERVIEW

19.24.2. SERVICE OFFERINGS

19.25. M.C.DEAN

19.25.1. BUSINESS OVERVIEW

19.25.2. SERVICE OFFERINGS

19.26. MID SOUTH CONTRACTORS

19.26.1. BUSINESS OVERVIEW

19.26.2. SERVICE OFFERINGS

19.27. MILLER ELECTRIC COMPANY

19.27.1. BUSINESS OVERVIEW

19.27.2. SERVICE OFFERINGS

19.28. MMR GROUP

19.28.1. BUSINESS OVERVIEW

19.28.2. SERVICE OFFERINGS

19.29. NEW ENGLAND ELECTRICAL CONTRACTING

19.29.1. BUSINESS OVERVIEW

19.29.2. SERVICE OFFERINGS

19.30. O’CONNELL ELECTRIC COMPANY

19.30.1. BUSINESS OVERVIEW

19.30.2. SERVICE OFFERINGS

19.31. POWER DESIGN

19.31.1. BUSINESS OVERVIEW

19.31.2. SERVICE OFFERINGS

19.32. REDWOOD ELECTRIC GROUP

19.32.1. BUSINESS OVERVIEW

19.32.2. SERVICE OFFERINGS

19.33. RESA POWER

19.33.1. BUSINESS OVERVIEW

19.33.2. SERVICE OFFERINGS

19.34. ROGERS ELECTRIC

19.34.1. BUSINESS OVERVIEW

19.34.2. SERVICE OFFERINGS

19.35. ROSENDIN ELECTRIC

19.35.1. BUSINESS OVERVIEW

19.35.2. SERVICE OFFERINGS

19.36. SUNGRID SOLUTIONS

19.36.1. BUSINESS OVERVIEW

19.36.2. SERVICE OFFERINGS

19.37. THE NEWTRON GROUP

19.37.1. BUSINESS OVERVIEW

19.37.2. SERVICE OFFERINGS

19.38. TRI-CITY ELECTRIC

19.38.1. BUSINESS OVERVIEW

19.38.2. SERVICE OFFERINGS

19.39. WACHTER

19.39.1. BUSINESS OVERVIEW

19.39.2. SERVICE OFFERINGS

19.40. WAYNE J GRIFFIN ELECTRIC

19.40.1. BUSINESS OVERVIEW

19.40.2. SERVICE OFFERINGS

20. REPORT SUMMARY

20.1. KEY TAKEAWAYS

20.2. STRATEGIC RECOMMENDATIONS

21. QUANTITATIVE SUMMARY

21.1. MARKET BY REGION

21.2. SERVICE

21.3. APPLICATION

21.4. END-USE

21.5. INSIDE END-USE

22. APPENDIX

22.1. RESEARCH METHODOLOGY

22.2. RESEARCH PROCESS

22.3. REPORT ASSUMPTIONS & CAVEATS

22.3.1. KEY CAVEATS

22.3.2. CURRENCY CONVERSION

22.4. ABBREVIATIONS

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Frequently Asked Questions

How big is the U.S. electrical contractors market?

The U.S. electrical contractors market size was valued at USD 237.59 billion in 2023 and is expected to reach USD 256.65 billion by 2029.

What is the growth rate of the U.S. electrical contractors market?

The U.S. electrical contractors market is expected to grow at a CAGR of 1.29% from 2023 to 2029.

Who are the key players in the U.S. electrical contractors market?

Quanta Services, MYR Group, MDU Resources Group, IES Holdings, EMCOR, and MasTec are the key players in the U.S. electrical contractors market.

What are the significant trends in the U.S. electrical contractors industry?

Demand from data centers and the shift toward clean energy are significant trends in the U.S. electrical contractors industry.

Which region dominates the U.S. electrical contractors market share?

The South held the largest U.S. electrical contractors market share, accounting for over 37% in 2023.