Slowed construction activity during the recession across all construction markets has hampered demand for electrical contractors. However, as the economy has improved and construction activity picked up, demand and revenue for the industry have started rebounding. In the next five years, the industry is expected to fully recover from recessionary losses, its growth driven by improvements in the US real estate market as the residential, industrial, commercial and municipal building construction markets all recover from cyclical lows. In addition to new construction, the industry is also expected to benefit from an increase in renovation and retrofitting activity, particularly energy-efficiency projects.
This industry performs electrical work at a site (e.g. installing wiring), services electrical equipment at a site and sells and installs electrical equipment. The electrical work performed includes new work, additions, alterations, maintenance and repairs.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.