Every two years, ELECTRICAL CONTRACTOR magazine conducts a comprehensive survey of the industry. They ask electrical professionals around the country about purchasing habits, firm size, what types of work account for the most revenue, and their attitudes about the economy. This year’s study found electrical contracting firms are getting larger and growing their revenue. While firms with nine or fewer employees still make up the majority of respondents, that lead is narrow at only 51%, continuing a trend noted in 2022.

Compared to two years ago, the proportion of firms with 1 – 4 employees showed a statistically significant decline, while the percentage of firms with 10 or more employees grew. Nearly twice as many firms added employees (28%) as dropped them (15%). Two years ago, these figures were essentially equal. Click here to read more about the Profile of the Electrical Contractor.