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2025 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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Electrical Contractors and Other Wiring Installation Contractors industry include:- Increasing demand for energy-efficient electrical systems
- Rising adoption of smart homes and intelligent building automation
- Shift towards renewable energy integration
- Growing importance of safety and compliance standards
- Expansion in the electric vehicle (EV) charging infrastructure
- Advancements in technology and IoT connectivity
- Labor shortages and skill gaps
- Impact of economic cycles on construction activity
- Regulatory changes and environmental guidelines
- Aging infrastructure and need for upgrades
- Growing emphasis on cybersecurity in building systems
- Increased focus on sustainable and green building practices
- Proliferation of wireless technology and reduction of wired installations
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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| 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 | ||
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 Ratios | Industry 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. |
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| 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). |
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| 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. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| 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% | |||
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 |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Electrical Contractors and Other Wiring Installation Contractors industry. |
Source:
Latest Industry News
- Reopening of St. Petersburg’s Barack Obama Library delayed again - The library, renamed after former President Barack Obama in February 2021, closed the following month for long-overdue renovations. Contractors subsequently discovered asbestos, and construction costs soared. In April 2022, administrators expected to spend $13.4 (07/06/2025)
- How to use tax credits for EVs and home projects before they expire - Everything you need to know about which tax credits Congress just voted to eliminate, when they expire and who qualifies. (07/04/2025)
- Copper-wire thieves are knocking out streetlights across Portland, leaving highways – and police – in the dark - Other U.S. cities are also grappling with a dramatic spike in copper-wire thefts in recent years. In Minneapolis, thieves have damaged or stolen up to a mile of streetlight wiring in a single night, according to city records. (07/03/2025)
- Two NFPA Standards for Workplace Safety - Two NFPA consensus standards are used to ensure workplace safety following electrical equipment installation. Many are familiar with the NFPA 70E, Standard for Electrical (07/02/2025)
- Planning a DIY Home Battery Installation? Here’s Why It Might Be Better to Let a Pro Do It - CNET survey finding that 78% of US adults are concerned about rising home energy costs, it's no surprise that homeowners are looking to save money. One way to do that is to get your home summer-ready by doing your home renovations yourself, (06/24/2025)
- Contractor shares essential home prep tips for travelers leaving on vacation - Summer travel demand is higher than ever. According to Deloitte, 53% of Americans plan to take a summer vacation. At the same time, an ADT ... Read moreThe post Contractor (06/24/2025)
- Contractor shares essential home prep tips for travelers leaving on vacation - The Seattle Times - Summer travel demand is higher than ever. According to Deloitte, 53% of Americans plan to take a summer vacation. At the same time, an ADT survey finds 66% of travelers... (06/24/2025)
- Top solar scams and how to avoid them - Cameron Nakashima, BBB Media Engagement & Digital Campaigns Manager joins producer/host Coralie Chun Matayoshi to discuss the advantages of going solar, scams to watch out for, how to avoid (06/23/2025)
- Bitter company boss sabotaged hotel units in row over invoices - He was upset at losing the lucrative contract and did not want another sub-contractor to 'benefit from his work' (06/19/2025)
- How Standardization Can Transform the Job Site - From safer job sites to streamlined workflows, discover how adopting a standardized construction approach across safety, training, and material handling helps electrical (05/21/2025)
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