The electrician industry has a market size of $190.1 billion and generates over $179 billion in revenue.
The electrical equipment industry is estimated to reach $72 billion by the end of 2025.
The market will grow at a compound annual growth rate (CAGR) of 11% to 12%.
The U.S. electrical contractors’ market was valued at USD 225 billion in 2022 and is expected to reach USD 283.74 billion by 2028.
The U.S. electrical contractors’ market is expected to grow at a CAGR of 3.94% from 2022 to 2028