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Electrical Contracting Services in the US Procurement Price, Data and Insights
Electrical contractors provide on-site installation, alteration, design, maintenance, and repair of electrical systems and equipment for commercial, institutional, and residential buildings. Key buyers include commercial building construction firms, home builders, and government agencies. Key suppliers include large-scale firms and local contractors.
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What’s included in this market coverage
IBISWorld's research coverage on the Electrical Contracting Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Electrical Contracting Services market in the United States includes New Construction Wiring, Maintenance & Repair, Lighting Installation & Upgrades, Panel Upgrades & Circuit Installation, Industrial Electrical Services and Inspection & Testing. Standard coding in this coverage includes ISIC-4321-Electrical installation, NACE-43.21-Electrical Installation, NAICS-238210-Electrical contractors and other wiring installation contractors and UNSPSC-72151500-Electrical system services.
What common market terminology is included?
Common market terminology included in the Electrical Contracting Services procurement coverage includes Climate Control (The technology of indoor and automotive environmental comfort.), Data Cabling (Electronic installation required to enable the sending and receiving of data between computer networks.), Journeyman (An employee that has completed an apprenticeship and is educated and proficient in a specific trade.), LEED (LEED stands for Leadership in Energy and Environmental Design and is a certification program that dictates ratings for how environmentally friendly a building is.) and Photovoltaic (The method of converting solar radiation into electrical power using solar panels composed of photovoltaic material.).
What companies are included as top suppliers?
The top companies covered in the Electrical Contracting Services procurement report as suppliers are IES Holdings Inc., Myr Group Inc., Mdu Construction Services Group Inc., Tutor Perini Corporation and Cupertino Electric, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Electrical Contracting Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per hour per electrician, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Electrical Contracting Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Electrical Contracting Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Electrical Contracting Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Electrical Contracting Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Electrical Contracting Services?
The 2026 benchmark market price for Electrical Contracting Services is $81.21 per hour per electrician. Prices have increased at a CAGR of 2.13 from 2023-26.
Who are the top vendors in the Electrical Contracting Services market?
The top vendors in the Electrical Contracting Services market include IES Holdings Inc., Myr Group Inc., Mdu Construction Services Group Inc., Tutor Perini Corporation and Cupertino Electric, Inc..
What industries supply the Electrical Contracting Services market?
The top industries supplying the Electrical Contracting Services market are Electrical Equipment Wholesaling in the US, Electrical Equipment Manufacturing in the US, Lighting Fixtures Manufacturing in the US, Home Improvement Stores in the US, Tool & Hardware Wholesaling in the US, Wire & Cable Manufacturing in the US and Copper Rolling, Drawing & Extruding in the US.
What is the supply chain risk for Electrical Contracting Services?
Fragmented vendor base enhances competition and strengthens buyer negotiation power. The electrical contracting services market has very low market share concentration, meaning no single vendor wields outsized influence. This fragmented landscape gives buyers ample leverage to foster price competition and demand tailored service offerings. By leveraging competitive RFPs and qualifying multiple local and regional providers, buyers can drive down costs and mitigate overreliance on any one vendor. This dynamic also allows buyers to prioritize performance-based contracts and introduce SLAs to enforce service consistency across sites or projects.
What factors affect the price of Electrical Contracting Services?
Contractor experience and qualifications significantly affect pricing in electrical contracting services, as highly experienced contractors often command higher rates due to their proven track record, specialized skills, and ability to manage complex projects efficiently. For instance, a contractor with certifications in advanced security system installation may charge a premium compared to a less experienced counterpart, reflecting the added value and reduced risk associated with their expertise. Pricing can be measured through factors such as years of experience, industry certifications, and completed project portfolios, with detailed project case studies often used to demonstrate qualifications.
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