Electrical Contractors

Electrical Contractors

Brief Excerpt from Industry Overview Chapter:

Companies in this industry install and maintain electrical wiring and equipment. Major companies include Bergelectric, EMCOR, IES Holdings, MYR Group and Rosendin Electric (all based in the US).

COMPETITIVE LANDSCAPE

Most electrical work is driven by new residential and nonresidential construction activity. Operation, maintenance, and repair work (sometimes called "facilities services") is less sensitive to real estate cycles. Larger companies have an advantage in getting contracts because of the increasing complexity of electrical projects and systems, and due to consolidation in the real estate management industry. Building managers typically prefer to deal with contractors who can provide service in multiple markets. Small companies can compete in local markets through service, word-of-mouth referrals, and relationships with general construction contractors. The industry is highly fragmented: the 50 largest firms account for about 20% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Electrical contracting involves installing and maintaining electrical power systems, conduits, cables, control panels, generators, lighting, and low voltage systems, among others. The three major categories of contracting work are new construction; electrical systems replacement in existing buildings ("retrofitting"); and maintenance, repair, and replacement (MRR) work. Electrical contractors often work as subcontractors on large projects.