NAICS 2353 - Electrical Contractors
This NAICS Industry Group includes establishments classified in NAICS Industry 23531, Electrical Contractors.
Industry trends:
The electrical contracting industry, classified under NAICS 2353, is experiencing significant qualitative shifts driven by technological advancements, regulatory changes, and evolving consumer demand. A key trend is the increasing adoption of smart technologies and IoT (Internet of Things) in building systems. Electrical contractors are now expected to integrate sophisticated automation systems that enhance energy efficiency and allow for remote monitoring and control within commercial and residential properties.
Another emerging trend is the emphasis on sustainable energy solutions, particularly in the installation and maintenance of renewable energy systems such as solar panels and wind turbines. This shift is largely fueled by stringent environmental regulations and growing consumer demand for eco-friendly solutions. Electrical contractors are diversifying their skills and services to include expertise in alternative energy sources and energy storage solutions, including battery systems to support decentralized energy grids.
Forecasts for the near future indicate that the demand for skilled electricians will continue to rise, driven by the ongoing electrification trends across various industries, particularly in the electric vehicle (EV) sector. As the EV market grows, electrical contractors are increasingly involved in installing charging stations, offering new opportunities for growth. Additionally, the push towards net-zero buildings is likely to increase demand for retrofitting existing structures with advanced energy management systems.
Furthermore, the industry is adapting to workforce challenges, such as a scarcity of skilled labor, by investing in training programs and leveraging digital tools to streamline operations. The use of BIM (Building Information Modeling) and other digital solutions is becoming more prevalent, improving project efficiency and client satisfaction. As these trends continue to evolve, electrical contractors who embrace innovation and sustainability are well-positioned to thrive in the competitive market landscape.
This industry is comprised of:
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