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U.S. Electrical Services Market Size

  • Report ID: GMI5010
  • Published Date: Mar 2021
  • Report Format: PDF
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U.S. Electrical Services Market Size

U.S. electrical services market size was valued at over USD 100 billion in 2020 and is set to register over 6% CAGR between 2021 and 2027.

 

U.S. electrical services market
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Electrical services are provided by contractors and manufacturers which includes construction, installation, operation & maintenance of high, medium and low voltage T&D infrastructure and electrical equipment. Ongoing expansion of smart grid networks coupled with modernization & upgradation of current grid networks will augment the industry scenario.

 

U.S. Electrical Services Market Report Attributes
Report Attribute Details
Base Year:2020
U.S. Electrical Services Market Size in 2020:108.5 Billion (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:7%
2027 Value Projection:177.8 Billion (USD)
Historical Data for:2017 to 2020
No. of Pages:150
Tables, Charts & Figures:48
Segments covered:Service Type, Application
Growth Drivers:
  • Deployment of smart gird network
  • Refurbishment of existing grid infrastructure
  • Large-scale renewable integration
Pitfalls & Challenges:
  • High capital investment and associated replacement & maintenance cost
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Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

U.S. market for electrical services had recorded a valuation of over USD 100 billion in 2020 and will grow at a CAGR of more than 6% through 2027 with a significant expansion of smart grid networks along with the modernization of existing grid infrastructure.

Commercial sector will register a CAGR of over 7% through 2027 with increasing integration of renewable energy sources across government buildings, offices, and healthcare settings.

Electrical construction services segment will register a valuation of more than USD 120 billion by 2027 owing to increasing investments across the utility and industrial sector.

The maintenance & repair services are gaining prominence in the country considering the growing need for measures against fire, electrical supply faults, health and various other operational hazards.

U.S. Electrical Services Market Scope

  • U.S. Electrical Services Market Size
  • U.S. Electrical Services Market Analysis
  • U.S. Electrical Services Market Share

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    Premium Report Details

    • Base Year: 2020
    • Companies covered: 25
    • Tables & Figures: 48
    • Countries covered: 1
    • Pages: 150
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