Quick Facts

• Since 1994, Mr. Electric has specialized in electric installation and repair services, and we now provide service to residential and commercial customers from nearly 200 locations across the globe. (leadingtheserviceindustry.com)
• The electrical business is a $155 billion industry
• 5.3% Annual Growth over the last 5 years
• There are over 200,000 businesses operating as electrical businesses in the U.S.
• The electrical industry employs over 800,000 people in the U.S.

Trending

• Accelerated housing markets and green building regulations will boost demand (ibisworld)
• Remodeling activity in 2016 is the best since 2006—expect increase in service calls for installations and upgrades (jchs.harvard.edu)

References

http://www.jchs.harvard.edu/leading-indicator-remodeling-activity-lira
https://www.ibisworld.com/industry-trends/market-research-reports/construction/special-trade-contractors/electricians.html