U.S. Electrical Contractors Market - Industry Outlook & Forecast 2023-2028

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1 countries

30 company

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THE U.S. ELECTRICAL CONTRACTORS MARKET IS EXPECTED TO REACH USD 283.74 BILLION BY 2028 FROM USD 225 BILLION IN 2022, GROWING AT A CAGR OF 3.94% DURING THE FORECAST PERIOD.

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

  • Services: Electrical, Telecommunications, Fire & Security, Electrical Control, Lighting & Signal, and Others
  • Application: New Construction and Renovation or Maintenance
  • End-Use: Outside, Inside (Residential, Commercial, and Industrial), and Integrated Building Systems
  • Geography: U.S. (Midwest, West, Northeast, and South)

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023–2028.

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U.S. ELECTRICAL CONTRACTORS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2028)USD 283.74 Billion
Market Size (2022)USD 225.0 Billion
CAGR (2022-2028)3.94%
BASE YEAR2022
FORECAST YEAR2023-2028
SEGMENTS BYServices, Application, End-Use, and Geography
GEOGRAPHIC ANALYSISU.S. (Midwest, West, Northeast, and South)
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The U.S. electrical contractors market was valued at USD 225 billion in 2022 and is expected to reach USD 283.74 billion by 2028, growing at a CAGR of 3.94%. Electrical contractors play a critical role in the U.S. construction industry and the broader economy, employing many workers and generating billions of dollars annually. They provide essential services that support the functioning of modern society, including the design, installation, and maintenance of electrical systems that power homes, businesses, and communities. With the continued growth of the U.S. economy and the increasing demand for electrical services, the U.S. electrical contractors market is expected to witness a continuous boost in the coming years.

Electrical contractors are companies or individuals who specialize in providing electrical services. They are responsible for designing, installing, maintaining, and repairing electrical systems and components in residential, commercial, and industrial settings. In terms of services, electrical contractors mainly focus on various sectors such as electrical, telecommunications, fire & security, electrical control, lightning & signal, and others. Electrical contractors typically have a team of skilled workers, including electricians, with the knowledge and experience necessary to safely and effectively complete electrical projects. Factors such as rising 5G technology, growing demand from data centers, rising shift towards clean energy, and rising demand for EV charging infrastructure have contributed to the growth of the U.S. electrical contractors market.

MARKET TRENDS & OPPORTUNITIES

Rising 5G Technologies
The U.S. is among the technologically advanced countries and emerged as one of the major economies to adopt and deploy 5G commercially. Some leading telecom companies that have deployed 5G services or are expanding their 5G services across the country include Verizon, T-Mobile, CenturyLink, and AT&T, among which Verizon introduced 5G across 30 cities. Further, to deploy 5G, the upgradation of existing cell towers is required, which has led infrastructure providers to extend a network of small cells to bring technology close to the customers. In addition, 5G deployment will benefit contractors by bringing a new level and connectivity to transportation, construction sites, workplaces, and cities. As the U.S. infrastructure lags behind other countries, it needs to be upgraded to compete across the globe and also attract & maintain corporate employees. Thus, more transmission equipment and antennae are required to increase their position to support 5G networks across the country. Thus, to add underground fiber optics, antennae, and transmission nodes, electrical contractors are highly required to build out a faster network.

Rising Renovation Activities
The region's home renovation industry is growing, resulting in rising sales of building materials, appliances, and other home improvement elements. In addition, rental housing is witnessing a rising trend in the U.S., creating opportunities for home remodeling and renovation. It has been observed that in recent years, most homeowners tend to renovate their houses instead of moving into new ones. More than 28% of homeowners undertake home improvement and renovation projects as one of the important improvements in their homes. Such factors, in turn, are anticipated to boost the U.S. electrical contractors market from the renovation and retrofit industry.

INDUSTRY RESTRAINTS

Lack of Craft-Skilled Labor
Most building constructors and associations and about 65% of electrical & construction firms estimate that the lack of skilled labor will significantly impact productivity during the forecast period. Electrical firms are looking for ways to cope with the skilled labor shortage. This has created a challenge for the global electrical industry, restraining the electrical contractors market.

SEGMENTATION INSIGHTS

INSIGHTS BY SERVICE
The U.S. electrical contractors market by services can be segmented into electrical, telecommunications, fire & safety, electrical control, lightning & signal, and others. The electrical segment dominated the market in 2022 due to factors like the rise in electric vehicle charging infrastructure during the forecast period. In addition, the rise in new construction and renovation activities in residential and commercial spaces increases the demand for electrical contractors in the market. Moreover, rising electricity demand for transport is also expected to boost the demand for electrical contractor services in the market. Furthermore, many electrical service providers have enhanced their power supply to generate sustainable electrical energy, for which contractors design their services as per their customer's needs & requirements. In addition, the power supply in the US is mainly from a diversified mix of fuels. Huge construction networks of highways, railroads, processing plants, & others support the delivery of resources to generate services depending on the electrical power & electricity to operate. Hence, for this supply & generation of electricity, contractors play a major role in the process & plan of building electricity.

INSIGHT BY APPLICATION
The U.S. electrical contractors market by the application can be segmented into new construction and renovation or maintenance. In 2022, the new construction segment accounted for the largest revenue share in the U.S. electrical contractors market. High demand for new construction of houses and office spaces post-pandemic and rising industrial infrastructures are expected to drive the market. Further, the renovation or maintenance segment is anticipated to grow at a higher CAGR in the application segment. Renovation or maintenance is expected to remain strong as the population upgrades their existing homes for various purposes, such as working from home, remote learning, etc. Moreover, the modern generation is also interested in chasing and remodeling existing houses for better living. These factors are expected to promote remodeling among customers, which in turn is expected to boost the demand for electrical contractors in the market

INSIGHT BY END-USE
The outside end-use segment dominated the U.S. electrical contractors market and accounted for a more than 52% revenue share in 2022. Electrical contractors mainly focus on transmission services, distribution services, substation services, storm response, designing, emergency, and renewable energy. Major electrical contractors in the market mainly focus on constructing reliable and efficient electrical transmission, distribution, and substation systems.

Some major vendors who provide outside or line services mainly include Quanta Services, Rosendin Electric, PLH Group, Hot Line Construction, MasTec, Power Line Contractors, and others. Moreover, with the rising electrification trends, the adoption of electric vehicles in the market has increased, increasing the demand for charging points at various substations. Therefore, many firms are integrating smart grid technologies to improve their grid management and efficiencies along with emerging technologies such as electric vehicles to deliver efficient and reliable power. Therefore, electrical contractors focus on providing transmission, distribution, and substation services in the market.

REGIONAL ANALYSIS

The US is a leader in the electrical contractors market in North America. The majority of the population in the country is tech-savvy. It knows the various benefits of the latest technologies and smart services regarding convenience and aesthetics. Therefore, the adoption rate of contractor services is high in the country. The demand for electrical contractors is driven by various sectors such as residential and commercial construction, institutional, and more. In the Western US, improving living standards and increasing consumer spending on constructing houses with modern and multi-functional sets drive the demand for electrical contractors. In the coming years, people's living standards will rise and drive market growth during the forecast period.

In the Midwestern region, the residential construction sector continuously declines as people migrate to other states such as Florida, Texas, and California. The decline in the residential sector ultimately led to low demand for electrical contractors in the region. The rise in tourism in Florida, Texas, and California have positively impacted the hospitality industry in these states. The increasing number of tourists in the country after January 2021 boosted the construction of more hotels there. The increasing number of hotels provides opportunities for electrical contractor vendors. Premium hotels have emerged as a major contributor to the U.S. electrical contractors market.

COMPETITIVE LANDSCAPE

The U.S. electrical contractors market is highly fragmented, with several top vendors operating. However, the market is witnessing consolidation, albeit at a slow pace. Some prominent players in the U.S. electrical contractors market include Quanta Services, MYR Group, EMCOR Group, MDU Resources Group, IES Holdings, MasTec, Rosendin Electric, Cupertino Electric, M.C. Dean, and ArchKey Solutions. Further, vendors compete in terms of service offerings, brand value, customization ability, price, skilled workforce, and technological capability. Most of these vendors offer assistance portals and assistance management services. They work closely with other players operating in the electrical space, such as transmission, distribution, substation, BIM, and others, to provide a rounded corporate assistance program. Vendors also tend to tie up with technology companies to develop assistance programs.

Over the past couple of years, the U.S. electrical contractors market has witnessed the entry of many external players, such as in-house services by large businesses and other entities offering discounts to drive up their share in the market. Mergers and acquisitions are common within the industry as players look to expand and become more comprehensive in their offerings. A trend witnessed among vendors in a landscape where consolidation occurs is the focus on merging two platforms. Large players join hands, and resources are spent on merging rather than innovation. While large organizations with a considerable budget have pricing, flexibility in approach, and the ability to customize solutions as their top criteria, smaller organizations do not emphasize reporting as much. Further, pricing remains the top criterion, while expertise and testimonials are at the bottom.

Frequently Asked Questions

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

The U.S. electrical contractors market size was valued at USD 225 billion in 2022 and is expected to reach USD 283.74 billion by 2028.

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 3.94% from 2022 to 2028.

Which service segment dominates the U.S. electrical contractor market share?

The electrical services segment dominated the U.S. electrical contractors market share in 2022, accounting for over 66%.

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

Rising 5G technologies, growing demand from data centers, the increasing shift towards clean energy, and rising demand for EV charging infrastructure are significant trends in the U.S. electrical contractors industry.

What are the growth enablers in the U.S. electrical contractors market?

Growing Infrastructural Developments and Rising Renovation Activities are anticipated to be the growth enablers in the U.S. electrical contractors market.

The U.S. electrical contractors market is expected to grow at a CAGR of approximately 3.94% from 2022 to 2028.

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

  • Growing Infrastructural Developments
  • Rising Renovation Activities

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the U.S. electrical contractors market and its market dynamics for 2023−2028. 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 market.

Key Company Profiles

  • Quanta Services
    • Business Overview
    • Product Offerings
  • MYR Group
  • EMCOR Group
  • MDU Resources Group
  • IES Holdings
  • MasTec
  • Rosendin Electric
  • Cupertino Electric
  • M.C. Dean
  • ArchKey Solutions
  • American Electrical Contracting
  • Crete Mechanical Group
  • New England Electrical Contracting
  • SunGrid Solutions
  • Hilscher-Clarke
  • RESA Power
  • ABM
  • Comfort Systems USA
  • Henkels & McCoy
  • MMR Group
  • Five Star Electric
  • Helix Electric
  • Faith Technologies
  • Bergelectric
  • The Newtron Group
  • Facility Solutions Group
  • Redwood Electric Group
  • Power Design
  • Cache Valley Electric
  • E-J Electric Installation

Segmentation by Services

  • Electrical
  • Telecommunications
  • Fire & Security
  • Electrical Control
  • Lighting & Signal
  • Others

Segmentation by Application

  • New Construction
  • Renovation or Maintenance

Segmentation by End-Use

  • Outside
  • Inside
    • Residential
    • Commercial
    • Industrial
  • Integrated Building Systems

Segmentation by Region

  • The U.S.
    • Midwest
    • West
    • Northeast
    • South

EXHIBIT 1 SEGMENTATION OF US ELECTRICAL CONTRACTORS MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022

EXHIBIT 3 PREMIUM INSIGHTS OF ELECTRICAL CONTRACTORS MARKET

EXHIBIT 4 MARKET SNAPSHOT

EXHIBIT 5 KEY METRICS THAT IMPACT INDUSTRY PERFORMANCE

EXHIBIT 6 EMERGING TECHNOLOGICAL TRENDS FOR ELECTRICAL CONTRACTORS

EXHIBIT 7 LIFE CYCLE OF AN ELECTRICAL INSTALLATION

EXHIBIT 8 MAJOR ROLES OF NECA

EXHIBIT 9 BENEFITS OF MEMBERSHIP

EXHIBIT 10 MAJOR NECA ASSOCIATIONS

EXHIBIT 11 FACTORS THAT IMPACT MARKET

EXHIBIT 12 MAJOR RISKS

EXHIBIT 13 MAIN ACTIVITIES IN THE ELECTRICAL INDUSTRY

EXHIBIT 14 MAJOR PRODUCTS OR SERVICES IN ELECTRICAL INDUSTRY

EXHIBIT 15 US CONSTRUCTION VALUE (MILLION), NOVEMBER 2022

EXHIBIT 16 US NON-RESIDENTIAL CONSTRUCTION VALUE ($ MILLION), NOVEMBER 2022

EXHIBIT 17 VALUE CHAIN ANALYSIS

EXHIBIT 18 IMPACT OF ADVENT OF 5G TECHNOLOGY

EXHIBIT 19 RECENT 5G DEVELOPMENTS & INVESTMENTS

EXHIBIT 20 IMPACT OF DEMAND FROM DATA CENTERS

EXHIBIT 21 MAJOR SERVICES

EXHIBIT 22 IMPACT OF SHIFT TOWARD CLEAN ENERGY

EXHIBIT 23 IMPACT OF DEMAND FOR ELECTRIC VEHICLE CHARGING INFRASTRUCTURE

EXHIBIT 24 US: EV CHARGING POINTS (2015–2021)

EXHIBIT 25 US: EV CHARGING INFRASTRUCTURE

EXHIBIT 26 MAJOR RESPONSIBILITIES OF ELECTRICAL CONTRACTORS FOR INSTALLATION OF EV CHARGING INFRASTRUCTURE

EXHIBIT 27 IMPACT OF INFRASTRUCTURE DEVELOPMENT

EXHIBIT 28 FACTORS THAT DRIVE INFRASTRUCTURE DEVELOPMENT

EXHIBIT 29 IMPACT OF INCREASED RENOVATION ACTIVITIES

EXHIBIT 30 KEY FACTORS THAT DRIVE RENOVATION ACTIVITIES

EXHIBIT 31 IMPACT OF LACK OF SKILLED LABOR

EXHIBIT 32 MAJOR REASONS FOR SHORTAGE OF SKILLED LABOR

EXHIBIT 33 IMPACT OF VOLATILITY IN RAW MATERIAL PRICES

EXHIBIT 34 FACTORS THAT AFFECT ELECTRICAL CONTRACTORS

EXHIBIT 35 HOUSING NEW YORK: CONSTRUCTION TYPE (2016–2021)

EXHIBIT 36 US ELECTRICAL CONTRACTORS MARKET 2022–2028 ($ BILLION)

EXHIBIT 37 FIVE FORCES ANALYSIS 2022

EXHIBIT 38 INCREMENTAL GROWTH BY SERVICE 2022 & 2028

EXHIBIT 39 SEGMENTATION BY SERVICE

EXHIBIT 40 MARKET SHARE BY SERVICE (2022 & 2028)

EXHIBIT 41 FLOW CHART OF ELECTRICITY SUPPLY CHAIN

EXHIBIT 42 MAIN ACTIVITIES IN ELECTRICAL INDUSTRY

EXHIBIT 43 US ELECTRICAL CONTRACTORS MARKET BY ELECTRICAL SERVICE 2022–2028 ($ BILLION)

EXHIBIT 44 MAJOR VENDORS

EXHIBIT 45 US ELECTRICAL CONTRACTORS MARKET BY TELECOMMUNICATION SERVICE 2022–2028 ($ BILLION)

EXHIBIT 46 US ELECTRICAL CONTRACTORS MARKET BY FIRE & SAFETY SERVICE 2022–2028 ($ BILLION)

EXHIBIT 47 FUNCTIONS OF ELECTRICAL CONTROLS

EXHIBIT 48 US ELECTRICAL CONTRACTORS MARKET BY ELECTRICAL CONTROL SERVICE 2022–2028 ($ BILLION)

EXHIBIT 49 US ELECTRICAL CONTRACTORS MARKET BY LIGHTING & SIGNAL SERVICE 2022–2028 ($ BILLION)

EXHIBIT 50 US ELECTRICAL CONTRACTORS MARKET BY OTHER SERVICES 2022–2028 ($ BILLION)

EXHIBIT 51 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028

EXHIBIT 52 SEGMENTATION BY APPLICATION

EXHIBIT 53 MARKET SHARE BY APPLICATION (2022 & 2028)

EXHIBIT 54 PROJECTED NEW CONSTRUCTION

EXHIBIT 55 KEY FACTORS THAT DRIVE OPPORTUNITIES FOR ELECTRICAL CONTRACTORS

EXHIBIT 56 US ELECTRICAL CONTRACTORS MARKET BY NEW CONSTRUCTION 2022–2028 ($ BILLION)

EXHIBIT 57 LEADING INDICATOR OF REMODELING ACTIVITY

EXHIBIT 58 US ELECTRICAL CONTRACTORS MARKET BY RENOVATION OR MAINTENANCE 2022–2028 ($ BILLION)

EXHIBIT 59 INCREMENTAL GROWTH BY END-USE 2022 & 2028

EXHIBIT 60 SEGMENTATION BY END-USE

EXHIBIT 61 MAJOR TYPES OF ELECTRICAL CONTRACTORS

EXHIBIT 62 MARKET SHARE BY END-USE (2022 & 2028)

EXHIBIT 63 US ELECTRICAL CONTRACTORS MARKET BY OUTSIDE END-USE 2022–2028 ($ BILLION)

EXHIBIT 64 US ELECTRICAL CONTRACTORS MARKET BY INSIDE END-USE 2022–2028 ($ BILLION)

EXHIBIT 65 US ELECTRICAL CONTRACTORS MARKET BY RESIDENTIAL END-USE 2022–2028 ($ BILLION)

EXHIBIT 66 US ELECTRICAL CONTRACTORS MARKET BY COMMERCIAL END-USE 2022–2028 ($ BILLION)

EXHIBIT 67 US ELECTRICAL CONTRACTORS MARKET BY INDUSTRIAL END-USE 2022–2028 ($ BILLION)

EXHIBIT 68 FORMS OF INTEGRATED BUILDING SYSTEMS

EXHIBIT 69 US ELECTRICAL CONTRACTORS MARKET BY INTEGRATED BUILDING SYSTEM END-USE 2022–2028 ($ BILLION)

EXHIBIT 70 INCREMENTAL GROWTH BY REGION 2022 & 2028

EXHIBIT 71 KEY FACTORS DRIVING DEMAND FOR CONTRACTORS IN COLOCATION SPACES

EXHIBIT 72 SOUTH US ELECTRICAL CONTRACTORS MARKET 2022–2028 ($ BILLION)

EXHIBIT 73 WEST US ELECTRICAL CONTRACTORS MARKET 2022–2028 ($ BILLION)

EXHIBIT 74 MIDWEST US ELECTRICAL CONTRACTORS MARKET 2022–2028 ($ BILLION)

EXHIBIT 75 NORTHEAST US ELECTRICAL CONTRACTORS MARKET 2022–2028 ($ BILLION)

EXHIBIT 76 KEY PROJECTS OF MAJOR VENDORS

  

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2016–2022

TABLE 3 PROJECTED ELECTRICIANS BY 2030

TABLE 4 US ELECTRICAL CONTRACTORS MARKET BY SERVICE 2022–2028 ($ BILLION)

TABLE 5 US ELECTRICAL CONTRACTORS MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 6 US ELECTRICAL CONTRACTORS MARKET BY END-USE 2022–2028 ($ BILLION)

TABLE 7 US ELECTRICAL CONTRACTORS MARKET BY INSIDE END-USE 2022–2028 ($ BILLION)

TABLE 8 ABM: MAJOR SERVICE OFFERINGS

TABLE 9 AMERICAN ELECTRICAL CONTRACTING: MAJOR SERVICE OFFERINGS

TABLE 10 ARCHKEY SOLUTIONS: MAJOR SERVICE OFFERINGS

TABLE 11 BERGELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 12 CACHE VALLEY ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 13 COMFORT SYSTEMS USA: MAJOR SERVICE OFFERINGS

TABLE 14 CRETE MECHANICAL GROUP: MAJOR SERVICE OFFERINGS

TABLE 15 CUPERTINO ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 16 E-J ELECTRIC INSTALLATION: MAJOR SERVICE OFFERINGS

TABLE 17 EMCOR GROUP: MAJOR SERVICE OFFERINGS

TABLE 18 FACILITY SOLUTIONS GROUP: MAJOR SERVICE OFFERINGS

TABLE 19 FAITH TECHNOLOGIES: MAJOR SERVICE OFFERINGS

TABLE 20 FIVE STAR ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 21 HELIX ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 22 HENKELS & MCCOY: MAJOR SERVICE OFFERINGS

TABLE 23 HILSCHER-CLARKE: MAJOR SERVICE OFFERINGS

TABLE 24 IES HOLDINGS: MAJOR SERVICE OFFERINGS

TABLE 25 M.C. DEAN: MAJOR SERVICE OFFERINGS

TABLE 26 MASTEC: MAJOR SERVICE OFFERINGS

TABLE 27 MDU RESOURCES GROUP: MAJOR SERVICE OFFERINGS

TABLE 28 MMR GROUP: MAJOR SERVICE OFFERINGS

TABLE 29 MYR GROUP: MAJOR SERVICE OFFERINGS

TABLE 30 NEW ENGLAND ELECTRICAL CONTRACTING: MAJOR SERVICE OFFERINGS

TABLE 31 POWER DESIGN: MAJOR SERVICE OFFERINGS

TABLE 32 QUANTA SERVICES: MAJOR SERVICE OFFERINGS

TABLE 33 REDWOOD ELECTRIC GROUP: MAJOR SERVICE OFFERINGS

TABLE 34 RESA POWER: MAJOR SERVICE OFFERINGS

TABLE 35 ROSENDIN ELECTRIC: MAJOR SERVICE OFFERINGS

TABLE 36 SUNGRID SOLUTIONS: MAJOR SERVICE OFFERINGS

TABLE 37 THE NEWTRON GROUP: MAJOR SERVICE OFFERINGS

TABLE 38 US ELECTRICAL CONTRACTORS MARKET BY REGION 2022−2028 ($ BILLION)

TABLE 39 US ELECTRICAL CONTRACTORS MARKET BY REGION 2022−2028 (% SHARE)

TABLE 40 US ELECTRICAL CONTRACTORS MARKET BY END-USE 2022–2028 ($ BILLION)

TABLE 41 US ELECTRICAL CONTRACTORS MARKET BY INSIDE END-USE 2022–2028 ($ BILLION)

TABLE 42 US ELECTRICAL CONTRACTORS MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 43 US ELECTRICAL CONTRACTORS MARKET BY SERVICE 2022–2028 ($ BILLION)

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

 

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY SERVICE

4.3.2 MARKET SEGMENTATION BY APPLICATION

4.3.3 MARKET SEGMENTATION BY END-USE

4.3.4 MARKET SEGMENTATION BY INSIDE END-USE

 

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

 

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 MARKET DEFINITION

7.2 REPORT OVERVIEW

7.2.1 MARKET SNAPSHOT

7.3 OVERALL ELECTRICAL MARKET

7.4 ANALYSIS OF OPPORTUNITIES & CHALLENGES

7.5 SEGMENT ANALYSIS

7.6 REGIONAL ANALYSIS

7.7 COMPETITIVE LANDSCAPE

7.8 FREQUENTLY ASKED QUESTIONS

 

8 INTRODUCTION

8.1 OVERVIEW

8.1.1 NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (NECA)

8.1.2 REGULATIONS

8.1.3 SIGNIFICANT FACTORS THAT IMPACT THE MARKET

8.1.4 RISK FACTORS

8.2 OVERALL ELECTRICAL INDUSTRY

8.3 OVERALL CONSTRUCTION INDUSTRY

8.4 VALUE CHAIN ANALYSIS

 

9 MARKET OPPORTUNITIES & TRENDS

9.1 ADVENT OF 5G TECHNOLOGY

9.2 DEMAND FROM DATA CENTERS

9.3 SHIFT TOWARD CLEAN ENERGY

9.4 DEMAND FOR ELECTRIC VEHICLE CHARGING INFRASTRUCTURE

 

10 MARKET GROWTH ENABLERS

10.1 INFRASTRUCTURE DEVELOPMENT

10.2 INCREASED RENOVATION ACTIVITIES

11 MARKET RESTRAINTS

11.1 LACK OF SKILLED LABOR

11.2 VOLATILITY IN RAW MATERIAL PRICES

 

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 SERVICE

12.3.1 MARKET SIZE & FORECAST

12.4 APPLICATION

12.4.1 MARKET SIZE & FORECAST

12.5 END-USE

12.5.1 MARKET SIZE & FORECAST

12.6 INSIDE END-USE

12.6.1 MARKET SIZE & FORECAST

12.7 FIVE FORCES ANALYSIS

12.7.1 THREAT OF NEW ENTRANTS

12.7.2 BARGAINING POWER OF SUPPLIERS

12.7.3 BARGAINING POWER OF BUYERS

12.7.4 THREAT OF SUBSTITUTES

12.7.5 COMPETITIVE RIVALRY

 

13 SERVICE

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 ELECTRICAL

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.4 TELECOMMUNICATION

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.5 FIRE & SAFETY

13.5.1 MARKET OVERVIEW

13.5.2 MARKET SIZE & FORECAST

13.6 ELECTRICAL CONTROL

13.6.1 MARKET OVERVIEW

13.6.2 MARKET SIZE & FORECAST

13.7 LIGHTING & SIGNAL

13.7.1 MARKET OVERVIEW

13.7.2 MARKET SIZE & FORECAST

13.8 OTHERS

13.8.1 MARKET OVERVIEW

13.8.2 MARKET SIZE & FORECAST

 

14 APPLICATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 NEW CONSTRUCTION

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.4 RENOVATION OR MAINTENANCE

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

 

15 END-USE

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 OUTSIDE

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.4 INSIDE

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 RESIDENTIAL: MARKET SIZE & FORECAST

15.4.4 COMMERCIAL: MARKET SIZE & FORECAST

15.4.5 INDUSTRIAL: MARKET SIZE & FORECAST

15.5 INTEGRATED BUILDING SYSTEM

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

 

16 REGIONAL OVERVIEW

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 SOUTH

16.2.1 MARKET SIZE & FORECAST

16.3 WEST

16.3.1 MARKET SIZE & FORECAST

16.4 MIDWEST

16.4.1 MARKET SIZE & FORECAST

16.5 NORTHEAST

16.5.1 MARKET SIZE & FORECAST

 

17 COMPETITIVE LANDSCAPE

17.1 COMPETITION OVERVIEW

 

18 KEY COMPANY PROFILES

18.1 ABM

18.1.1 BUSINESS OVERVIEW

18.1.2 SERVICE OFFERINGS

18.2 AMERICAN ELECTRICAL CONTRACTING

18.2.1 BUSINESS OVERVIEW

18.2.2 SERVICE OFFERINGS

18.3 ARCHKEY SOLUTIONS

18.3.1 BUSINESS OVERVIEW

18.3.2 SERVICE OFFERINGS

18.4 BERGELECTRIC

18.4.1 BUSINESS OVERVIEW

18.4.2 SERVICE OFFERINGS

18.5 CACHE VALLEY ELECTRIC

18.5.1 BUSINESS OVERVIEW

18.5.2 SERVICE OFFERINGS

18.6 COMFORT SYSTEMS USA

18.6.1 BUSINESS OVERVIEW

18.6.2 SERVICE OFFERINGS

18.7 CRETE MECHANICAL GROUP (CMG)

18.7.1 BUSINESS OVERVIEW

18.7.2 SERVICE OFFERINGS

18.8 CUPERTINO ELECTRIC

18.8.1 BUSINESS OVERVIEW

18.8.2 SERVICE OFFERINGS

18.9 E-J ELECTRIC INSTALLATION

18.9.1 BUSINESS OVERVIEW

18.9.2 SERVICE OFFERINGS

18.10 EMCOR GROUP

18.10.1 BUSINESS OVERVIEW

18.10.2 SERVICE OFFERINGS

18.11 FACILITY SOLUTIONS GROUP

18.11.1 BUSINESS OVERVIEW

18.11.2 SERVICE OFFERINGS

18.12 FAITH TECHNOLOGIES

18.12.1 BUSINESS OVERVIEW

18.12.2 SERVICE OFFERINGS

18.13 FIVE STAR ELECTRIC

18.13.1 BUSINESS OVERVIEW

18.13.2 SERVICE OFFERINGS

18.14 HELIX ELECTRIC

18.14.1 BUSINESS OVERVIEW

18.14.2 SERVICE OFFERINGS

18.15 HENKELS & MCCOY

18.15.1 BUSINESS OVERVIEW

18.15.2 SERVICE OFFERINGS

18.16 HILSCHER-CLARKE

18.16.1 BUSINESS OVERVIEW

18.16.2 SERVICE OFFERINGS

18.17 IES HOLDINGS

18.17.1 BUSINESS OVERVIEW

18.17.2 SERVICE OFFERINGS

18.18 M.C. DEAN

18.18.1 BUSINESS OVERVIEW

18.18.2 SERVICE OFFERINGS

18.19 MASTEC

18.19.1 BUSINESS OVERVIEW

18.19.2 SERVICE OFFERINGS

18.20 MDU RESOURCES GROUP

18.20.1 BUSINESS OVERVIEW

18.20.2 SERVICE OFFERINGS

18.21 MMR GROUP

18.21.1 BUSINESS OVERVIEW

18.21.2 SERVICE OFFERINGS

18.22 MYR GROUP

18.22.1 BUSINESS OVERVIEW

18.22.2 SERVICE OFFERINGS

18.23 NEW ENGLAND ELECTRICAL CONTRACTING

18.23.1 BUSINESS OVERVIEW

18.23.2 SERVICE OFFERINGS

18.24 POWER DESIGN

18.24.1 BUSINESS OVERVIEW

18.24.2 SERVICE OFFERINGS

18.25 QUANTA SERVICES

18.25.1 BUSINESS OVERVIEW

18.25.2 SERVICE OFFERINGS

18.26 REDWOOD ELECTRIC GROUP

18.26.1 BUSINESS OVERVIEW

18.26.2 SERVICE OFFERINGS

18.27 RESA POWER

18.27.1 BUSINESS OVERVIEW

18.27.2 SERVICE OFFERINGS

18.28 ROSENDIN ELECTRIC

18.28.1 BUSINESS OVERVIEW

18.28.2 SERVICE OFFERINGS

18.29 SUNGRID SOLUTIONS

18.29.1 BUSINESS OVERVIEW

18.29.2 SERVICE OFFERINGS

18.30 THE NEWTRON GROUP

18.30.1 BUSINESS OVERVIEW

18.30.2 SERVICE OFFERINGS

 

19 REPORT SUMMARY

19.1 KEY TAKEAWAYS

19.2 STRATEGIC RECOMMENDATIONS

 

20 QUANTITATIVE SUMMARY

20.1 REGION

20.2 END-USE

20.3 INSIDE END-USE

20.4 APPLICATION

20.5 SERVICE

 

21 APPENDIX

21.1 ABBREVIATIONS

Select a license type that suits your business needs

Single User Licence

$4200.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email

5 User Licence

$4999.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge

Corporate Licence

$5999.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge

Datasheet Licence

$2000.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Frequently Asked Questions

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

The U.S. electrical contractors market size was valued at USD 225 billion in 2022 and is expected to reach USD 283.74 billion by 2028.

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 3.94% from 2022 to 2028.

Which service segment dominates the U.S. electrical contractor market share?

The electrical services segment dominated the U.S. electrical contractors market share in 2022, accounting for over 66%.

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

Rising 5G technologies, growing demand from data centers, the increasing shift towards clean energy, and rising demand for EV charging infrastructure are significant trends in the U.S. electrical contractors industry.

What are the growth enablers in the U.S. electrical contractors market?

Growing Infrastructural Developments and Rising Renovation Activities are anticipated to be the growth enablers in the U.S. electrical contractors market.