NAICS 23821 - Electrical Contractors
This industry comprises establishments primarily engaged in installing and servicing electrical wiring and equipment. Electrical contractors included in this industry may include both the parts and labor when performing work. Electrical contractors may perform new work, additions, alterations, maintenance, and repairs.
Industry trends:
The electrical contracting industry (NAICS 23821) is experiencing several qualitative trends that are reshaping its landscape. One significant trend is the growing emphasis on sustainable and energy-efficient solutions. Electrical contractors are increasingly involved in the installation of renewable energy systems, such as solar panels and wind turbines, to meet the rising demand for green energy solutions. This trend is driven by both regulatory changes and consumer preferences for more sustainable energy sources.
Another notable trend is the integration of smart technologies. Smart homes and buildings are becoming more common, and electrical contractors are tasked with installing and maintaining advanced systems, including smart lighting, HVAC controls, and security systems. The rise of the Internet of Things (IoT) is also creating new opportunities for contractors to offer high-tech solutions that enhance energy efficiency and user convenience.
Workforce challenges are also a key trend. There is a growing skills gap as the industry struggles to attract young talent to replace an aging workforce. Electrical contractors are focusing on training and apprenticeship programs to ensure a steady pipeline of skilled workers. This effort is crucial to keeping up with the increasing complexity of modern electrical systems.
Looking ahead, the industry is expected to see continued growth due to urbanization and the ongoing expansion of infrastructure projects. The push for renewable energy and smart technology adoption will likely drive demand for skilled electrical contractors. The integration of advanced technologies, alongside regulatory support for green initiatives, suggests a robust future for those who can adapt to these evolving trends.
This industry is comprised of:
Airport runway lighting contractors
Alarm system (e.g., fire, burglar), electric, installation only
Audio equipment installation (except automotive) contractors
Building automation system installation contractors
Burglar alarm system, electric, installation only
Cable splicing, electrical or fiber optic
Cable television hookup contractors
Communication equipment installation
Computer and network cable installation
Control system (e.g., environmental, humidity, temperature) installation
Electric contracting
Electric power control panel and outlet installation
Electrical contractors
Electrical equipment and appliance installation
Electrical wiring contractors
Electrical work
Electrical, electrical wiring, and low voltage electrical work
Electrician
Electronic containment fencing for pets, installation
Electronic control installation and service
Electronic control system installation
Environmental control system installation
Fiber optic cable (except transmission lines) installation
Fire alarm system, electric, installation only
Highway, street and bridge lighting and electrical signal installation
Home automation system installation
Home theater installation
Humidity control system installation
Intercommunication (intercom) system installation
Lighting system installation
Low voltage electrical work
Private driveway or parking area lighting contractors
Public address system installation
Railroad signalling equipment installation
Security and fire system, installation only
Smoke detection system, installation only
Snow melting cable, electric, installation
Sound equipment installation
Surveillance system, installation only
Telecommunications equipment and wiring (except transmission line) installation contractors
Telephone equipment and building wiring installation
Telephone installation contractors
Temperature control system installation
Traffic signal installation
Tunnel lighting contractors
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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