Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Electrical Contractors and Other Wiring Installation Contractors

Market Size & Industry Statistics

The total U.S. industry market size for Electrical Contractors and Other Wiring Installation Contractors: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The electrical wiring installation contractors industry plays a critical role in the construction, renovation, and maintenance of buildings, infrastructure, and equipment. The industry is currently experiencing several key trends that are shaping its future.

Firstly, the industry is witnessing a growth in demand for green and sustainable electrical systems, which are driven by environmental regulations and the increasing focus on energy efficiency. As a result, electrical wiring installation contractors are investing in new technologies such as solar energy, LED lighting, and smart control systems.

Secondly, the industry is facing a shortage of skilled workers and experienced contractors, which is complicating efforts to meet growing customer demands. To address this challenge, many companies are ramping up their recruitment, training, and retention efforts through apprenticeship programs, industry partnerships, and employee engagement initiatives.

Thirdly, the industry is undergoing a digital transformation, with the adoption of new tools and technologies such as Building Information Modelling (BIM), advanced analytics, and remote monitoring. These innovative solutions help contractors streamline their workflows, reduce costs, and improve project outcomes.

Finally, the industry is also witnessing increased competition, driven by the entry of new players and the rise of alternative business models such as modular construction and prefabrication. As a result, many contractors are exploring new markets, diversifying their services, and investing in innovation to stay ahead of the curve.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Electrical Contractors and Other Wiring Installation Contractors company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Electrical Contractors and Other Wiring Installation Contractors industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Electrical Contractors and Other Wiring Installation Contractors measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers3%
Business and Financial Operations Occupations 5%
Office and Administrative Support Occupations 8%
Construction and Extraction Occupations 66%
Supervisors of Construction and Extraction Workers 6%
First-Line Supervisors of Construction Trades and Extraction Workers 6%
First-Line Supervisors of Construction Trades and Extraction Workers 6%
Construction Trades Workers 53%
Electricians 49%
Electricians 49%
Helpers, Construction Trades 6%
Helpers, Construction Trades 6%
Helpers--Electricians 6%
Installation, Maintenance, and Repair Occupations 9%
Source: Bureau of Labor Statistics

Electrical Contractors and Other Wiring Installation Contractors Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Electrical Contractors and Other Wiring Installation Contractors industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Electrical Contractors and Other Wiring Installation Contractors industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Electrical Contractors and Other Wiring Installation Contractors industry.

Innovation News

Recent Federal Contracts for Electrical Contractors and Other Wiring Installation Contractors

  • Apr 02, 2024: WHITE CLOUD COMMUNICATIONS, INC. (Twin Falls, ID) awarded $8,217
  • Apr 02, 2024: VSGI SOLUTIONZ, LLC (Mc Lean, VA) awarded $611,768
  • Apr 02, 2024: WELLS GLOBAL, LLC (Raleigh, NC) awarded $54,672
  • Apr 02, 2024: ALABAMA CONTROLS, INC. (Hoover, AL) awarded $78,932
  • Apr 02, 2024: CHICKASAW STRATEGIC POINTE, LLC (Norman, OK) awarded $368,080
  • Apr 02, 2024: ROCKY MOUNTAIN INDUSTRIAL CONTROL INC (Missoula, MT) awarded $24,000

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