Electrical Contractors – Industry Analysis, Statistics, Trends, and Forecasts

SIC 1731 | NAICS 238210

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Statements and Financial Ratios

Compensation and Salary Surveys

BV Guides and Databases

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Electrical Contractors (view report)
Electronic Security Systems Services (view report)

Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Market size and major product and service segments
Key industry statistics, trends, and financial ratios
Operating conditions and current performance
Competitive landscape and environment
Major company profiles and market shares
Five-year outlook and growth forecasts

Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

Penton Media, Inc.
EC&M Magazine
https://www.ecmweb.com/

Monthly trade publication features news and information for electrical contracting professionals, with topics covered in various issues including business management, market and construction trends, design, operations, safety, and training, and special features including the annual "Top 50 Electrical Contracting Firms" (September issue) and the "Construction Market Forecast" (December issue).

NECA
Publications available from this trade association include:

Electrical Contractor Magazine
https://www.ecmag.com/
Monthly publication features news and information for the electrical contracting industry, with topics covered in each issue including business and legal matters, code and standards, power quality and management, integrated systems, cabling and datacom, and new products and technology, and special features including the annual "Construction Outlook" published in the December issue.

Profile of the Electrical Contractor
https://www.ecmag.com/
Feature article provides a profile of the electrical contracting industry, with topics covered in the article including personnel demographics, changes in number of employees, changes in company size, average sales from various building categories, number of project types, and types of work performed in previous year by category, and average percentage of sales from specific sectors.

Electrical Contractor Top Line Report
https://www.ecmag.com/
Biennial report provides a comprehensive review of the electrical contracting industry, with topics covered including company size in terms of revenues and employees, employee demographics, types of work performed by market (e.g., residential, commercial) and category, number of states in which work is performed, and sources of revenue by sector, project type, and building category.

NSCA
Electronic Systems Outlook
https://www.nsca.org/

Semiannual outlook report provides historical and forecast data for low-voltage electronic systems construction put in place by vertical market and on a U.S. regional basis, with electronic systems covered in the report including audio and video systems, phone systems, data networks, building automation and control systems, fire and security systems, lighting systems, and digital signage.

BizMiner Market Analysis Reports
Electrical Contractors
https://www.bizminer.com Search for "238210" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More industry research reports»

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Electrical Contractors
https://www.bizminer.com Search for "238210" to see available reports

Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:

Income and expenses in dollars and percentages
Balance sheets in dollars and percentages
Profitability and return on investment ratios
Liquidity and working capital ratios
Asset turnover and efficiency ratios
Capital structure and debt service ratios

Sample financial ratio analysis can be viewed free online.

IBISWorld Industry Research Reports
Electrical Contractors
(see links for individual reports)

Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and an array of industry financial ratios, with the financial ratio data presented on an annual basis for the four most recent years for which data is available and on a historical average basis over three-year, five-year, and ten-year time periods. Sample report can be viewed free online.

NECA
Financial Benchmarker
https://www.necanet.org/

Interactive online tool allows electrical contractors to perform side-by-side comparisons of their firm's financial and operating performance with the industry as a whole and with other similar firms in terms of company type, annual company revenue, and geographic region, with over 20 comparative ratios provided that enable a user to measure a company's liquidity, profitability, efficiency, and leverage.

NSCA
Financial Analysis of Industry Report
https://www.nsca.org/

Biennial financial analysis report allows systems integrators to compare their firm's financial and operating performance with the industry as a whole and with similar firms based on firm size and systems focus, with firm background information provided in the report including location, firm size, primary system focus, primary vertical market, staffing, and competitive bid versus direct sales.

More financial benchmarking data»

Compensation and Salary Surveys

NECA
Officer and Overhead Personnel Compensation Study
http://www.necanet.org/

Biennial salary survey provides total compensation data, including salaries, bonuses, and dividends, for corporate officer positions (e.g., president, CEO, secretary, treasurer, and vice president) and average annual wages for other overhead personnel (i.e., non-direct labor personnel), with survey results reported in aggregate as well as by annual company sales volume and geographic region.

NSCA
Compensation & Benefits Report
https://www.nsca.org/

Biennial salary survey provides compensation and benefit information for a variety of job positions in the commercial low-voltage electronic systems industry, with compensation data for each job position reported by firm size and geographic region and with job positions covered in the survey including design engineer, salesperson, project manager, lead installer, and electronic systems technician.

More compensation surveys»

BV Guides and Databases

BVMarketData

Private Company Sales Transaction Databases
https://www.bvresources.com/

Free "Visitor Search" allows users to search DealStats, BIZCOMPS, and FactSet MergerStat for private company sales transaction data by SIC Code or NAICS Code using the following codes:

– SIC Code 1731 - Electrical Contractors

– NAICS Code 238210 - Electrical Contractors and Other Wiring Installation Contractors

Types of establishments included in these codes

Electrical contractors - establishments that specialize in installing and maintaining electrical systems, including wiring, circuit breakers, and transformers, in buildings, homes, and other structures.

Voice and data wiring installation contractors - establishments that specialize in installing and maintaining wiring for voice and data communication systems, including telephone and computer networks, in buildings, homes, and other structures.

Alarm system installation contractors - establishments that specialize in installing and maintaining alarm systems, such as fire alarms and security alarms, in buildings, homes, and other structures.

Electrical power line contractors - establishments that specialize in the installation, repair, and maintenance of electrical power lines, including transmission and distribution lines, for utilities and other customers.

Traffic signal installation contractors - establishments that specialize in the installation and maintenance of traffic control signals, street lighting, and other related electrical systems for public roadways and highways.

Solar panel installation contractors - establishments that specialize in the installation and maintenance of solar panels and related equipment for generating electricity from sunlight, primarily for residential and commercial customers.

Sample reports with detailed transaction data and valuation multiples are available free online.

BVR Guides and Books
What It's Worth: Valuing Electrical Contracting Companies
http://www.bvresources.com/

Comprehensive guide provides detailed insights into how to value an electrical contracting company, with topics covered including current market for these companies, unique factors that drive company value, and special considerations in valuing these companies, and includes a case study that utilizes the income approach in valuing an electrical contractor. Selected excerpts can be viewed free online.

More valuation data»