The 2024 Profile of the Electrical Contractor report by ELECTRICAL CONTRACTOR Magazine, published by NECA, offers a detailed analysis of the electrical construction market. Key findings include firm growth, revenue increase, employee shifts, revenue sources, and purchasing trends within the industry. With a focus on high-tech and value-added areas like electric vehicle charging and smart home technology, the data highlights economic strength and market opportunities.
The report reveals that the trend of increasing firm size and revenue continues, with a notable rise in both metrics among NECA firms. Employee demographics are shifting, with younger contractors in larger firms engaging in diverse project types such as Commercial, Industrial, Institutional (CII) projects. The influence of online sources on purchasing decisions is increasing, but contractors still prioritize brand selection based on availability and price.
Industry professionals can access a 14-page summary of the report in the July and August print editions of ELECTRICAL CONTRACTOR Magazine, as well as online at ecmag.com. The full 100-page report, along with archived reports dating back to 2000, will also be available online at ecmag.com/profile. Stay informed about the latest trends and insights in the electrical construction market with the 2024 Profile of the Electrical Contractor report.
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