Gitnux/Report 2026

Electrical Contracting Industry Statistics

With the U.S. now adding 1,000,000 public EV charging ports in 2024 and construction labor costs staying volatile, electrical contractors are facing growth alongside rising compliance and safety pressure. This page connects the 900,000 electrical contracting workers in 2023, six percent projected electrician job growth through 2032, and major cybersecurity and OSHA risk signals to explain what today’s workloads mean for bidding, rework, and installation timelines.
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November 11, 2026Updated
Electrical Contracting Industry Statistics
Isabelle MoreauWritten by Isabelle Moreau·Edited by Marcus Afolabi·Fact-checked by Abigail Foster
Published ·Updated
How this report is researched
01Editorial Scope

An editor sets the topic, the inclusion criteria, and the evaluation framework before research starts.

02Source Research

AI search agents locate sources and extract each figure together with the document it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The electrical contracting industry at a glance

U.S. electrical contracting services represent a projected $254 billion market in 2026, supported by data-center, health-care, advanced-manufacturing and infrastructure investment.

$254B[65]
Market opportunity, 2026
5.9%[65]
Market CAGR, 2026–30
1.12M[66]
Employment, 2025
83,342[67]
Employer establishments, 2023
Market size
FMI estimates the U.S. electrical contracting services market at $254 billion in 2026, up from $172 billion in 2021. The estimate covers service and maintenance, repair and retrofit, and new construction spending.[65]
Forecast & CAGR
The market is projected to reach $320 billion by 2030, implying a 5.9% CAGR from 2026 to 2030. New construction is expected to grow fastest at 6.9% annually, compared with 5.5% for repair and retrofit and 5.0% for service and maintenance.[65]
Segmentation
Repair and retrofit is the largest service segment, representing roughly 43% of projected cumulative spending for 2026–30. FMI estimates cumulative spending of $612 billion for repair and retrofit, $522 billion for new construction, and $292 billion for service and maintenance over the period.[65]
Key players & concentration
The 2025 EC&M ranking, based on 2024 electrical and datacom revenue, placed Quanta Services first at $13.5 billion, followed by Rosendin Electric at $3.69 billion, EMCOR at $3.58 billion, MYR Group at $3.36 billion and Everus Construction Group at $2.85 billion. The leading firms are large national or multi-regional contractors, but the Census counted 83,342 employer establishments in NAICS 238210 in 2023, indicating a broad supplier base.[3][67]
Pricing
Average annual wages for the combined electrical, plumbing, heating and air-conditioning contractor grouping rose from $71,000 in 2022 to $73,000 in 2025, while inflation-adjusted wages increased 0.4% from 2024 to 2025. FMI also notes that elevated labor and material inflation contributed to market growth from 2021 to 2026 before conditions normalized.[68][65]
Trends, drivers & challenges
Demand is being driven by data centers, health-care facilities, advanced manufacturing, logistics, aging building stock, electrical-code upgrades and higher resiliency requirements. Labor availability is a key constraint: employment in the related electrical, plumbing, heating and air-conditioning contractor grouping increased 10%, or 224,000 workers, from 2022 to 2025.[65][68]
M&A
M&A activity is expanding electrical and multi-trade platforms. Recent reported transactions include Advantage Services Group’s acquisition of Priority One Heating & AC, Fix-It Group’s acquisition of Sergeant’s Electric, and Grizzly MEP’s build-up of a commercial mechanical, electrical and plumbing platform through five acquisitions in its first year.[69]
Regulation
Electrical contractors operate under OSHA construction requirements covering electrical safety, wiring design and protection, wiring methods, hazardous locations, lockout and tagging, and equipment maintenance. The 2026 edition of NFPA 70, the National Electrical Code, is the current edition and is enforced in all 50 states, subject to state and local amendments.[70][71]
Latest news
In 2026, reported industry developments include continued consolidation of residential and commercial electrical service businesses, including Advantage Services Group’s Pacific Northwest expansion, Fix-It Group’s Florida entry and Grizzly MEP’s multi-trade platform strategy. The sector is also benefiting from sustained investment in data centers, advanced manufacturing and power infrastructure.[69][65]

02 Ranking

Top 10 Companies in the Electrical Contracting Industry

The leading companies in the electrical contracting industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Quanta Services and VINCI stand out because Quanta Services produced $13.5 billion in 2024 electrical and datacom revenue backing utility and power infrastructure contracting, while VINCI Energies delivers design, installation, operation and maintenance of energy infrastructure, giving coverage across the electrical lifecycle while conditions remain driven by data centers and grid upgrades.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in utility infrastructure electrical

    Quanta Services

    US

    Ranked #1 · 9.3 · Utility infrastructure electrical

    Why we picked it: Utility, power and electrical infrastructure contracting aligns with the projected $254 billion 2026 U.S. market backed by data centers and grid upgrades.

    See in ranking ↓Visit quantaservices.com ↗

  2. Leader in electrical infrastructure services

    VINCI

    FR

    Ranked #2 · 8.9 · Electrical infrastructure services

    Why we picked it: Electrical infrastructure services cover design, installation, operation and maintenance worldwide, matching grid and resilience-driven backlog.

    See in ranking ↓Visit vinci.com ↗

  3. Leader in network and communications electrical

    EMCOR

    US

    Ranked #3 · 8.7 · Network and communications electrical

    Why we picked it: Electrical and mechanical construction and facilities services include network and communications projects, tying to data-center and communications demand.

    See in ranking ↓Visit emcorgroup.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the electrical contracting industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Quanta Services

Utility infrastructure electrical · US

9.3
2

VINCI

Electrical infrastructure services · FR

8.9
3

EMCOR

Network and communications electrical · US

8.7
4

MMR Group

Industrial electrical instrumentation · US

8.7
5

M.C. Dean

Systems integration electrical · US

8.6
6

Helix Electric

Commercial, industrial and mission-critical electrical construction · US

8.5
7

Rosendin Electric

Commercial, industrial and data-center electrical construction · US

8.5
8

Bergelectric

Commercial and industrial electrical construction · US

8.3
9

Equans

Electrical engineering and energy-services contracting · FR

8.1
10

Primoris Services

Power delivery and renewable electrical construction · US

8.1

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Isabelle Moreau. (2026, February 13). Top 10 companies in the electrical contracting industry. In Electrical Contracting Industry Statistics. Gitnux. https://gitnux.org/electrical-contracting-industry-statistics/#top-companies

report visual · Projection

U.S. electrician employment, occupation SOC 47-2111

U.S. electrician employment, occupation SOC 47-2111 grew from 656K in 2018 to 715K in 2023.

655.8K count
Start
+1.73%
CAGR · 5y
714.6K count
Projected
20182023
source-verifieddev.ieci.org2023

04 Statistics

Technology & Innovation

AI adoption is measurable in 2026 survey results: 50% of Top 50 electrical contractors reported AI use to some degree for electrical work.

AI in the electrical contracting industry

  • More than one-quarter of Top 50 electrical contractors said AI was already showing up in their work in 2026, down from 42% in the prior survey.[1]
  • 18% of contractors reported using artificial intelligence in 2025, up from 11% in 2024.[2]
  • 28% of Top 50 electrical contractors said AI was already a major part of their work in 2026.[1]
  • 43% of electrical design firms were already using AI tools in their design work in 2024, according to EC&M’s Top 40 survey.[3]
  • 50% of Top 50 electrical contractors reported using AI to some degree for electrical work in 2026.[1]
  • 25% of Top 50 electrical contractors were already using AI in 2024, while more than three-quarters expected to use it within two years.[1]

Automation in the electrical contracting industry

  • More than 40% of electrical contractors expected to use augmented reality or a related technology within two years in 2023.[1]
  • Nearly three-quarters of Top 50 electrical contractors were already using virtual reality or planned to use it within two years in 2024.[1]
  • 45% of Top 50 electrical contractors were already using augmented-reality technologies in 2024, up from 24% in 2023.[1]
  • About 25% of electrical contractors were using augmented reality in daily work in 2023.[1]

Digital Transformation in the construction and real estate sector (sector benchmark)

  • Among 933 engineering and construction businesses surveyed, 38% were already using building information modelling in 2024.[4]
  • Across Australia’s building and construction industry, 64% of organisations invested in data and digitalisation during the 12 months before the 2025 survey.[5]
  • Among 933 engineering and construction businesses surveyed, 41% were already using mobile apps in 2024.[4]
  • Among 933 engineering and construction businesses surveyed, 47% were already using data analytics in 2024.[4]

Technology Adoption in the construction and real estate sector (sector benchmark)

  • Among ICI contractors surveyed in 2024, 35% reported experience using advanced building materials.[2]
  • Among ICI contractors surveyed in 2024, 11% reported experience using artificial intelligence.[2]
  • Among ICI contractors surveyed in 2024, 44% reported experience using building information modelling.[2]
  • Among ICI contractors surveyed in 2024, 43% reported experience using jobsite data-collection applications.[2]

Cloud Computing in the construction and real estate sector (sector benchmark)

  • Across capital-projects and infrastructure organisations surveyed globally, 9% planned to adopt cloud technology within the next 12 months in 2025.[6]
  • Across capital-projects and infrastructure organisations surveyed globally, 89% were currently using cloud technology in 2025.[6]
  • Among capital-projects and infrastructure organisations surveyed globally, 2% neither used cloud technology nor planned to use it within 12 months in 2025.[6]
  • Among 933 engineering and construction businesses surveyed, 43% were already using construction-management cloud software in 2024.[4]

Big Data in the construction and real estate sector (sector benchmark)

  • Across construction businesses, 33% analyze financial data and use it to inform business decisions, while 86% capture it, in 2023.[7]
  • Across capital-projects and infrastructure organisations surveyed globally, 48% were currently using big data and Internet-of-Things technologies in 2025.[6]
  • Across construction businesses, only one-third receive daily insights from at least one data source, according to a 2023 survey.[7]
  • Across global real estate owners and investors, 61% remain dependent on legacy technology infrastructures, according to Deloitte’s 2024 outlook survey.[8]
  • Across capital-projects and infrastructure organisations surveyed globally, 30% planned to adopt big data and Internet-of-Things technologies within 12 months in 2025.[6]
  • Across real estate companies, 13% have access to real-time business intelligence and analytics, according to the 2024 commercial real estate outlook.[8]

IoT in the construction and real estate sector (sector benchmark)

  • Across U.S. and Canadian buildings, 90% of surveyed owners, operators, and managers reported smart capabilities in 2024.[9]
  • Among 450 IoT-market respondents, construction received an approximately 70% medium-to-high rating for IoT importance over the next five to ten years.[10]

05 Statistics

Data & Analytics

Data governance and cross-system work matter: 72% of construction professionals said they work from different systems and data sources, while 72% rated their ability to share data as strong.

Business intelligence in the electrical contracting industry

  • 64% of surveyed MEP firms, including electrical contractors, described themselves as moderate technology adopters in the 2025 State of MEP survey.[1]
  • 11% of electrical-focused respondents were using or planning to adopt CNC machines in the 2025 survey.[1]
  • 36 electrical-focused firms participated in the 2025 State of MEP survey summarized by EC&M.[1]
  • 83% of electrical-focused respondents reported that electrical prefabrication represented less than 20% of their total work in the 2025 survey.[1]
  • 23% of electrical-focused respondents were using or planning to adopt single-axis cutters in the 2025 survey.[1]
  • 9.5% was the median share of work represented by electrical prefabrication among electrical-focused respondents in the 2025 survey.[1]

Data analytics in the electrical contracting industry

  • 50% of 2026 EC&M Top 50 electrical-contractor respondents said they were using artificial intelligence to some degree for electrical work.[1]
  • 36% of EC&M Top 50 electrical-contractor respondents identified finance and accounting as an artificial-intelligence application in their firms in 2026.[1]
  • 45% of EC&M Top 50 electrical-contractor respondents identified process optimization as an application of artificial intelligence in their firms in 2026.[1]
  • 28% of the 2026 EC&M Top 50 electrical-contractor respondents said artificial intelligence was already a major part of their work.[1]
  • 35.8% of U.S. electrical contractors reported using building information modeling to any extent in the 2024 profile survey.[11]
  • 12.1% of U.S. electrical contractors reported average building-information-modeling use in the 2024 profile survey.[11]

Data Quality in the construction and real estate sector (sector benchmark)

  • Across construction professionals, 76% said departments frequently or occasionally work from different systems and data sources in a 2026 survey.[12]
  • Across institutional real estate, data quality received an average self-rating of 6.2 out of 10 in 2026, based on 72 professionals across 38 firms.[13]
  • Across UK housing providers, only 23% were confident in tenant or customer data in 2022, the lowest confidence level among the data categories surveyed.[14]
  • Across UK housing providers, 48% were totally confident in their real-estate asset data in 2022, compared with 34% confident in management and maintenance data.[14]
  • Across construction companies, 38% rated their ability to share and use data with internal and external collaborators as strong in the report’s construction sample.[15]
  • Across construction professionals, 72% said they spend more than three hours gathering and preparing data before it is ready for analysis in a 2026 survey.[12]

Data Governance in the construction and real estate sector (sector benchmark)

  • Across US construction owners, 45% did not provide regular data training in the 2024–2025 survey period, limiting governance capability and consistent data use.[16]
  • Across US construction owners, 11% required project teams to use data standards on all projects in the 2024–2025 survey period.[16]
  • Across US construction owners requiring data governance plans, 19% required them on a majority of projects in the 2024–2025 survey period.[16]
  • Across US construction owners, 45% required project teams to define a data governance plan in the 2024–2025 survey period.[16]
  • Across construction businesses, 10% reported in 2023 that they did not have a well-defined data governance policy.[17]
  • Across institutional real estate, governance readiness for AI received an average self-rating of 5.1 out of 10 in 2026, based on 72 professionals across 38 firms.[13]

KPIs in the electrical contracting industry

  • 81% of U.S. electrical contractors with more than 100 employees reported some building-information-modeling use in the 2024 profile survey.[11]
  • 35.8% of U.S. electrical contractors reported some building-information-modeling use in the 2024 profile survey.[11]
  • 83% of electrical-focused MEP respondents reported that electrical prefabrication represented less than 20% of total work in the 2025 survey.[1]
  • 39% of electrical-focused MEP respondents reported using or planning to adopt automated conduit benders in 2025.[1]
  • 11% of electrical-focused MEP respondents reported using or planning to adopt CNC machines in 2025.[1]
  • 9.5% was the median electrical-prefabrication share of total work among electrical-focused MEP respondents in 2025.[1]

06 Statistics

Strategy & Growth

Scale and deal volume both show up in 2024 signals: EC&M’s Top 50 combined 2024 revenue reached $59.5 billion, up 15% from 2023.

Growth in the electrical contracting industry

  • $59.5 billion was the combined 2024 revenue of EC&M’s Top 50 electrical contractors, up 15% from 2023.[1]
  • $232 billion was the estimated annual revenue represented by merit-shop electrical contractors in the United States in the latest IEC workforce research.[18]
  • $16.99 billion was EMCOR’s 2025 company revenue, up 16.6% from 2024.[19]
  • $3.66 billion was MYR Group’s record 2025 revenue, up from $3.36 billion in 2024.[20]
  • $2.82 billion was MYR Group’s record backlog at the end of 2025.[20]
  • $3.37 billion was IES Holdings’ fiscal-2025 revenue, up from $2.88 billion in fiscal 2024.[21]

Differentiation in the electrical contracting industry

  • $1.14 billion was IES Holdings’ fiscal-2025 communications revenue, up from $776.5 million in fiscal 2024.[21]
  • $1.66 billion, or 45.2% of MYR Group’s 2025 revenue, came from electrical construction in commercial and industrial markets.[20]
  • 81% was the estimated share of the U.S. electrical-contracting market represented by merit-shop contractors in IEC research.[18]
  • $2.46 billion was EMCOR’s 2025 revenue from network and communications electrical projects.[21]
  • $400.5 million was IES Holdings’ fiscal-2025 revenue from custom engineered solutions.[21]
  • 48% of EMCOR’s 2025 United States electrical-construction segment revenue came from network and communications projects.[21]

Mergers and acquisitions in the electrical contracting industry

  • 140 U.S. electrical-contractor acquisitions were recorded in 2024.[22]
  • $1.96 billion was Cupertino Electric’s 2023 sales before its acquisition by Quanta Services in July 2024.[1]
  • 91 construction-and-electrical-contracting services deals were recorded in 2024 in Meridian Capital’s transaction series.[23]
  • 45% was the reduction in corporate-strategic electrical-contractor M&A activity from its 2021 peak, according to Cascade Partners.[22]
  • Approximately 75% of electrical-contractor M&A transactions were represented by financial buyers from 2023 onward.[22]
  • 84 construction-and-electrical-contracting services deals were projected for 2025 by Meridian Capital.[23]

Strategic partnerships in the electrical contracting industry

  • 13 electrical-construction contractors participated in the NECA, EEI, IBEW and OSHA transmission-and-distribution safety partnership.[24]
  • More than 20 countries were included in Equans’ network supporting the Unity Electric sales, distribution and installation partnership.[25]
  • Four federal-agency and business-segment categories were identified for BESCO and Vazquez Commercial Contracting’s 2024 mentor-protégé alliance.[26]
  • $50,000 was awarded through HomeServe’s 2025 apprentice and training grant program to 20 electrical-contractor companies.[27]
  • 20 electrical-contractor companies received HomeServe apprentice-training grants in 2025.[27]
  • $19 billion was Equans’ annual revenue cited as a platform for scaling a 2025 electrical-technology partnership into new markets.[25]

07 Statistics

People & Workforce

Labor availability remains a constraint: employment in the related electrical, plumbing, heating and air-conditioning grouping increased 10%, or 224,000 workers, from 2022 to 2025.

Hiring in the electrical contracting industry

  • Electrician was among the most difficult positions to fill for Top 50 electrical contractors in 2024, with electrical foreman ranked first.[1]
  • 47% of electrical contractors with 10 or more employees added staff in the 12–18 months before the 2024 survey.[11]
  • 80% of electrical contractors with larger companies reported difficulty finding trained workers in 2024.[11]
  • 36% of U.S. electrification contractors experienced some difficulty finding qualified professionals in 2024.[28]
  • 28% of electrical contracting firms increased their workforce in the 12–18 months before the 2024 survey.[29]

Employee retention in the electrical contracting industry

  • 39% of electrical contractors identified non-wage compensation as a key employee-retention factor in 2021.[30]
  • 33% of electrical contractors reported difficulty retaining trained workers in 2024.[11]
  • 46% of larger electrical contractors reported difficulty retaining trained workers in 2024.[11]
  • 41% of electrical contractors identified positive company culture as a key employee-retention factor in 2021.[30]
  • 74% of electrical contractors identified competitive wages and compensation as a key employee-retention factor in 2021.[30]

Remote Work in the construction and real estate sector (sector benchmark)

  • In January 2024, 33.63% of U.S. real-estate wage and salary employees worked from home, based on the Survey of Working Arrangements and Attitudes.[31]
  • In 2024, 23.7% of finance, insurance and real-estate positions were fully remote in the U.S., according to employers surveyed by NACE.[32]
  • In 2024, 2.7% of construction positions were fully remote in the U.S., according to employers surveyed by NACE.[32]
  • About 9% of U.S. construction workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[33]

Hybrid Work in the construction and real estate sector (sector benchmark)

  • Forty-two percent of real-estate investment managers expected employees to be in the office four days per week within six to 12 months, according to a 2025 NAREIM survey.[13]
  • In 2024, 43% of surveyed real-estate executives identified flexible workday schedules as a leading talent-acquisition and retention action.[8]
  • In 2024, 55.8% of finance, insurance and real-estate positions were fully hybrid in the U.S., according to employers surveyed by NACE.[32]
  • In 2024, 15.0% of construction positions were fully hybrid in the U.S., according to employers surveyed by NACE.[32]

Upskilling in the electrical contracting industry

  • 23% of respondents in electrical contracting firms with fewer than 10 employees held a bachelor’s degree or higher in 2024.[34]
  • 72% of electrical contractors believed hybrid training would continue in the future in 2024.[34]
  • 31% of respondents in electrical contracting firms with 10 or more employees held a bachelor’s degree or higher in 2024.[34]
  • About 50% of electrical contractors had taken or planned to take hybrid training in 2024.[34]
  • 85% of electrical contractors said someone in their firm had taken training in the prior 12 months or planned to take it in the next 12 months in 2024.[34]

Employee Engagement in the construction and real estate sector (sector benchmark)

  • Across real estate organizations represented in Culture Amp’s benchmark, 73% of employees were engaged based on data collected from July 2025 through June 2026.[35]
  • Across construction and heavy industry, Rewards received the lowest reported driver score at 6.95 out of 10 in 2026.[36]
  • Forty-seven percent of construction employers said their workforce was highly engaged in the 2018 U.S. construction benefits benchmarking survey.[37]
  • Across construction and heavy industry, Meaningful Work received the highest driver score at 8.45 out of 10 in 2026.[36]
  • Across construction and heavy industry, employees scored 8.00 out of 10 for engagement in the 2026 benchmark.[36]

DEI in the electrical contracting industry

  • 5% of electrical-contractor survey respondents were women in 2024.[11]
  • 6% of electrical contracting firms with 1–4 employees faced project requirements for women, minority or veteran man-hours in 2024.[11]

08 Statistics

Customer & Sales

Distributor relationships are still decision drivers, with 53% of U.S. electrical contractors citing relationships and trust with a distributor’s inside salesperson among two most important purchase-selection reasons in 2021.

Customer experience in the electrical contracting industry

  • 53% of U.S. electrical contractors cited relationships and trust with a distributor’s inside salesperson among their two most important purchase-selection reasons in 2021.[38]
  • 46% of U.S. electrical contractors cited a distributor’s consistent day-to-day performance among their two most important purchase-selection reasons in 2021.[38]
  • About 9% of U.S. electrical contractors selected low prices as a key reason to purchase from a specific distributor in 2021.[38]

Customer acquisition in the electrical contracting industry

  • 15% of U.S. solar installers frequently used partnerships as a customer-acquisition channel in 2023.[39]
  • 39% of U.S. solar installers frequently used direct sales and advertising as a customer-acquisition channel in 2023.[39]
  • 44% of U.S. solar installers frequently used online marketplace platforms for customer acquisition in 2023.[39]
  • 3% of U.S. solar installers did not use referrals for customer acquisition in 2023.[39]
  • 74% of U.S. solar installers frequently used referrals as a customer-acquisition channel in 2023.[39]

Customer loyalty in the electrical contracting industry

  • 50% of contractors surveyed said they would share earned loyalty rewards with employees in 2021.[40]
  • 73% of contractors surveyed across electrical and other construction trades said an incentive program could influence their purchasing decisions in 2021.[38]
  • 61% of contractors surveyed across electrical and other construction trades had participated in an incentive program by 2021.[38]
  • 53% of electrical contractors were loyal to one or two distributors, while the average contractor purchased most materials from 3.5 distributors in 2021.[38]
  • 72% of U.S. contractors in a multi-trade survey participated in loyalty marketing programs in 2021.[40]

Lead generation in the electrical contracting industry

  • 52% of U.S. contractors surveyed in 2022 identified paid or organic social media as a top lead source.[41]
  • 20% of U.S. contractors surveyed in 2022 identified television as a top lead source.[41]
  • 75% of U.S. contractors surveyed in 2022 identified word-of-mouth or referrals as a top lead source.[41]
  • 18% of U.S. contractors surveyed in 2022 identified independent sales representatives as a top lead source.[41]
  • 7% of U.S. contractors surveyed in 2022 identified radio as a top lead source.[41]

09 Statistics

Marketing & Brand

Marketing spend varies by firm size, with 26% of surveyed contractors in 2022 targeting marketing costs between 6% and 8% of business revenue.

Marketing in the electrical contracting industry

  • 23% of U.S. contractors surveyed in 2022 targeted marketing costs at about 10% of business revenue.[41]
  • 5% of U.S. contractors surveyed in 2022 targeted marketing costs above 15% of business revenue.[41]
  • 11% of U.S. contractors surveyed in 2022 targeted marketing costs between 11% and 14% of business revenue.[41]
  • 26% of U.S. contractors surveyed in 2022 targeted marketing costs between 6% and 8% of business revenue.[41]
  • 24% of U.S. contractors surveyed in 2022 targeted marketing costs below 5% of business revenue.[41]

Digital marketing in the electrical contracting industry

  • 74% of smaller electrical contractors surveyed in 2021 bought between 1% and 25% of products from online-only retailers.[38]
  • 69% of Electrical Contractor respondents reported using a laptop computer in 2023.[11]
  • 99% of Electrical Contractor respondents reported access to at least one digital device in 2023.[11]
  • 65% of electrical contractors surveyed in 2021 reported some online purchasing, indicating adoption of digital channels in the electrical trade.[38]
  • 87% of Electrical Contractor respondents reported using a smartphone in 2023.[11]

Social media in the electrical contracting industry

  • 60% of Electrical Contractor respondents reported at least one professional reason for using social media in 2023.[11]
  • 34% of Electrical Contractor respondents used social media to learn about industry products in 2023.[11]
  • 32% of Electrical Contractor respondents used social media to network with others in the industry in 2023.[11]
  • 12% of Electrical Contractor respondents used Instagram for work in 2023.[11]
  • 3% of Electrical Contractor respondents used Pinterest for work in 2023.[11]

Influencer Marketing in the construction and real estate sector (sector benchmark)

  • Among residential construction workers surveyed in 2024, 47% regularly used Instagram, 52% used YouTube and 73% used Facebook.[42]
  • Among U.S. real estate professionals, 62% used Instagram for business in 2024, alongside 87% using Facebook and 25% using YouTube.[43]
  • Among U.S. real estate professionals, 52% said social media generated the highest number of quality leads in the previous 12 months in 2024.[43]
  • Among U.S. real estate professionals, 15% used TikTok for business in 2024, while 10% used X (formerly Twitter).[43]
  • Across U.S. prospective home buyers, 41% said in 2025 they were more likely to hire a real estate agent with a social media presence.[44]

10 Statistics

Operations & Execution

Administrative time remains visible in purchasing workflows: small electrical firms spent 6 hours 30 minutes per week processing purchase orders in 2021.

Process optimization in the electrical contracting industry

  • 6 hours 30 minutes per week is the average time small electrical firms spend processing purchase orders, compared with 11 hours for medium firms and 16 hours for large firms, in 2021.[45]
  • 2 weeks per year of field labor hours are spent communicating about material-related issues with offices or suppliers, according to a nationwide electrical-contractor survey in 2021.[45]
  • 20%–40% of purchasing managers’ time is spent processing purchase orders through data entry, emails and phone calls at electrical contracting firms, according to a 2021 survey.[45]

Operational efficiency in the electrical contracting industry

  • $392,909 of revenue per production full-time-equivalent employee was reported by all responding U.S. electrical contractors in 2022.[46]
  • 86% of the 2025 Top 50 U.S. electrical contractors added employees during 2024.[1]
  • $60,718 of gross profit per production full-time-equivalent employee was reported by all responding U.S. electrical contractors in 2022.[46]
  • $322,868 of revenue per full-time-equivalent employee was reported by the largest revenue group of U.S. electrical contractors in the 2022 NECA Financial Benchmarker.[46]

Quality management in the electrical contracting industry

  • 35% of electrification contractors cited a small applicant pool as a top-two reason for difficulty filling open positions in the United States in 2024.[39]
  • 5% of electrification contractors cited insufficient certifications as a top-two reason for difficulty filling open positions in the United States in 2024.[39]
  • 49% of electrification contractors cited lack of experience or industry-specific knowledge as a top-two reason for difficulty filling open positions in the United States in 2024.[39]
  • 26% of electrification contractors cited insufficient non-technical skills as a top-two reason for difficulty filling open positions in the United States in 2024.[39]

Supply chain in the electrical contracting industry

  • 37 of EC&M’s 50 largest U.S. electrical contractors reported materials price increases during 2024.[1]
  • 1%–10% was the typical range of materials price increases reported by EC&M’s 2025 Top 50 U.S. electrical contractors for 2024.[1]
  • 34% of deliveries to electrical-contractor jobs arrived with issues in Kojo’s nationwide 2021 survey.[45]
  • Delays with material delivery and logistics were the leading obstacle to completing projects on time and within budget for EC&M’s 2025 Top 50 U.S. electrical contractors.[1]
  • Wire and cable and distribution equipment were the material categories most heavily associated with price increases reported by the 2025 Top 50 U.S. electrical contractors.[1]

Outsourcing / Offshoring in the construction and real estate sector (sector benchmark)

  • 11% of income in Australian civil engineering, non-residential building and related construction came from subcontracting in 2025.[5]
  • 45% of Australian infrastructure-construction businesses surveyed in 2025 reported cost overruns as a challenge when managing subcontracting or labour-hire relationships.[5]
  • $5.66 per agent per month was the average outsourced accounting-labor price for U.S. real-estate brokerages with more than 500 agents, based on an August 2024 survey.[47]
  • 46.5% of Australian construction-industry input costs came from outsourced services in 2024, including labour hire, consultants and capital rentals.[5]
  • 30% of costs in Australian infrastructure construction flowed to external construction services in 2025.[5]

11 Statistics

Finance & Pricing

Profitability benchmarks show compressed margins, including an 18.6% gross profit margin for all U.S. electrical contractors in the 2022 NECA Financial Benchmarker.

Pricing strategy in the electrical contracting industry

  • 40% of U.S. electrification contractors said their three-year business strategy was expanding into new products and markets in 2024.[39]
  • About one-third of EC&M’s 2025 Top 50 U.S. electrical contractors said they adjusted bids for higher profits during 2024.[1]
  • 59% of EC&M’s 2025 Top 50 U.S. electrical contractors expected profit margins to remain unchanged in 2025.[1]
  • 35% of U.S. electrification contractors said gaining market share was their three-year business strategy in 2024.[39]
  • 25% of U.S. electrification contractors said increasing gross margins was their three-year business strategy in 2024.[39]

Cost reduction in the electrical contracting industry

  • 6 hours 30 minutes per week were spent processing purchase orders at small electrical contracting firms in Kojo’s 2021 survey, indicating a potential administrative cost-reduction target.[45]
  • 34% of deliveries to electrical-contractor jobs arrived with issues, creating opportunities to reduce duplicate purchases, delays and additional labor costs, according to a 2021 nationwide survey.[45]
  • 11 hours per week were spent processing purchase orders at medium electrical contracting firms in Kojo’s 2021 survey, indicating a potential administrative cost-reduction target.[45]
  • 16 hours per week were spent processing purchase orders at large electrical contracting firms in Kojo’s 2021 survey, indicating a potential administrative cost-reduction target.[45]

Profitability in the electrical contracting industry

  • 18.6% was the gross profit margin for all U.S. electrical contractors in the 2022 NECA Financial Benchmarker.[46]
  • 4.7% was the median net income before tax margin for all U.S. electrical contractors in the 2022 NECA Financial Benchmarker.[46]
  • 25.9% was the return on equity for all U.S. electrical contractors in the 2022 NECA Financial Benchmarker.[46]
  • 10.9% was the net income before tax margin for best-in-class U.S. electrical contractors in the 2022 NECA Financial Benchmarker.[46]
  • 11.2% was the return on assets for all U.S. electrical contractors in the 2022 NECA Financial Benchmarker.[46]

Financial planning in the electrical contracting industry

  • 1.5 was the quick ratio for all U.S. electrical contractors in 2022.[46]
  • 63 days was the operating cycle for all U.S. electrical contractors in 2022, according to the NECA Financial Benchmarker.[46]
  • 29 days was the average accounts-payable period for all U.S. electrical contractors in 2022.[46]
  • 30 days of cash was reported by best-in-class U.S. electrical contractors in 2022.[46]
  • 1.9 was the current ratio for all U.S. electrical contractors in 2022.[46]

12 Statistics

Product & Service

Service mix matters for contracting revenue, with maintenance, service and repair at 35.7% of 2023 revenue in the 2024 industry profile.

After-sales in the electrical contracting industry

  • 9.1% of U.S. electrical contractors’ 2023 revenue came from maintenance service contracts, according to the 2024 industry profile.[34]
  • 11.7% of revenue came from maintenance service contracts among U.S. electrical contractors with 10 or more employees in 2023.[34]
  • 6.7% of revenue came from maintenance service contracts among U.S. electrical contractors with 1–9 employees in 2023.[34]
  • 15.4% of revenue came from repair work among U.S. electrical contractors in 2023.[34]
  • 35.7% of U.S. electrical contractors’ 2023 revenue came from maintenance, service and repair, according to the 2024 industry profile.[34]

Value proposition in the electrical contracting industry

  • 76% of U.S. electrical contractors reported using time-and-materials bidding in the 2024 industry survey.[48]
  • 82% of U.S. electrical contractors with more than 100 employees faced prequalified standards and safety requirements for bidding in 2023.[34]
  • 75% of U.S. electrical contractors reported performing maintenance, service and repair work under the survey’s bidding categories in 2024.[48]
  • 62% of U.S. electrical contractors reported performing design-build or design-assist work in the 2024 survey.[48]
  • 65% of U.S. electrical contractors reported using traditional bid-build project delivery in the 2024 survey.[48]

13 Statistics

Sustainability & Ethics

CSR engagement appears in buyer behavior and contractor priorities, including 48% of buyer documents in the U.K. that asked about CSR engagement in 2017.

Ethics in the electrical contracting industry

  • 50% of electrical contractors surveyed in the United Kingdom identified employee welfare as a CSR issue in 2017.[49]
  • 43% of electrical contractors surveyed in the United Kingdom identified ethical behaviour as a CSR issue in 2017.[49]
  • 37% of electrical contractors surveyed in the United Kingdom identified support for local initiatives as a CSR issue in 2017.[49]
  • 76% of U.K. electrical businesses with turnover above £1 million said they were actively engaged with CSR in 2017.[49]
  • 63% of electrical contractors surveyed in the United Kingdom identified the environment as a CSR issue in 2017.[49]

CSR in the electrical contracting industry

  • 63% of electrical contractors surveyed in the United Kingdom identified environmental issues as a CSR priority in 2017.[49]
  • 48% of buyer documents seen by U.K. electrotechnical businesses with turnover above £1 million asked about CSR engagement in 2017.[49]
  • 53% of U.K. electrical businesses with turnover above £5 million actively asked their supply chains about CSR policies and activity in 2017.[49]
  • 55% of electrical contractors surveyed in the United Kingdom identified occupational health and safety as a CSR issue in 2017.[49]
  • 24% of U.K. electrical contractors said no buyer document they had encountered mentioned CSR in 2017.[49]

15 Statistics

Globalization & Expansion

Cross-border operating networks support expansion, with Equans covering more than 20 countries in its global operating network supporting Unity Electric’s expansion.

Globalization in the electrical contracting industry

  • $3.66 billion was MYR Group’s 2025 revenue from electrical contracting services in the United States and Canada.[20]
  • More than 20 countries are covered by Equans’ global operating network supporting Unity Electric’s expansion of electrical solutions.[25]
  • $19 billion was Equans’ annual revenue cited in a 2025 partnership supporting international electrical-solutions expansion.[25]
  • $2.00 billion, or 54.7% of revenue, came from MYR Group’s transmission and distribution segment in 2025 across the United States and Canada.[20]

Supplier management in the electrical contracting industry

  • 12 months was the typical price-lock period described for electrical contractors purchasing predictable copper or aluminum volumes from distributors.[60]
  • At least 30 electrical-equipment manufacturers were listed as authorized distributors or resellers in a 2024 Integrated Contractor Purchasing Team agreement.[61]

Stakeholder management in the electrical contracting industry

  • 13 electrical-construction contractors, two trade associations, IBEW and OSHA participated as partners in an electrical transmission-and-distribution safety agreement.[24]
  • 4,378 companies belonged to Independent Electrical Contractors at the end of 2025, representing a 3.16% year-over-year increase.[18]
  • 57% of electrical-contractor firms reported working on government projects since 2022 in the 2024 contractor profile survey.[11]
  • 55% of electrical-contractor firms expected to work on government projects in 2024.[11]

Distribution channels in the electrical contracting industry

  • One exclusive electrical-distribution brand was appointed for American Power Electrical Supply’s territories covering Greater Philadelphia, New Jersey and Greater New York City in 2026.[62]
  • Three channel types—awarded vendors, distributors and approved resellers—were permitted under a 2024 electrical-services purchasing contract.[63]
  • Approximately 50% of ABB Electrification’s 2025 revenue came through distributors, while approximately 20% came from direct end-user sales.[64]

Key questions about the Electrical Contracting Industry

What is the 2026 market size for U.S. electrical contracting services?
The U.S. electrical contracting services market is projected to be $254 billion in 2026, based on FMI estimates covering service and maintenance, repair and retrofit, and new construction.
How fast does the market grow from 2026 to 2030?
The market is projected to reach $320 billion by 2030, implying a 5.9% CAGR from 2026 to 2030.
Which companies lead the electrical contracting industry?
Quanta Services and VINCI stand out because Quanta Services produced $13.5 billion in 2024 electrical and datacom revenue backing utility and power infrastructure contracting, while VINCI Energies delivers design, installation, operation and maintenance of energy infrastructure, giving coverage across the electrical lifecycle while conditions remain driven by data centers and grid upgrades.
What technology shifts show up most in 2026 surveys?
In 2026, 50% of Top 50 electrical contractors reported using artificial intelligence to some degree for electrical work, and 28% said AI was already a major part of their work.
What is the structure of the supplier base in the U.S. electrical contracting market?
While the Census counted 83,342 employer establishments in NAICS 238210 in 2023, the top electrical contractors include large multi-regional firms as reflected in EC&M’s 2025 Top 50 list based on 2024 electrical and datacom revenue.
Which business activity represents the largest share of cumulative spending for 2026–30?
Repair and retrofit is the largest service segment, representing roughly 43% of projected cumulative spending for 2026–30, with cumulative spending estimated at $612 billion.
Reference

Cite This Report

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APA
Isabelle Moreau. (2026, February 13). Electrical Contracting Industry Statistics. Gitnux. https://gitnux.org/electrical-contracting-industry-statistics
MLA
Isabelle Moreau. "Electrical Contracting Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/electrical-contracting-industry-statistics.
Chicago
Isabelle Moreau. 2026. "Electrical Contracting Industry Statistics." Gitnux. https://gitnux.org/electrical-contracting-industry-statistics.

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