U.S. Electrical Services to Hit $170 Billion – Market Trends
September 23, 2021
The U.S. Electrical Services Market value is anticipated to cross USD 170 Billion by 2027. Grid modernization and advanced electrical equipment are two of the many reasons why experts expect this major increase. The industry is set to rise on account of growing transmission and distribution investments.
Some things the U.S. electrical services market report talk about are:
- Government infrastructure plans and how it’ll effect the market
- New technological advancements that will fix on going issues the market faces
- Development and construction of microgrid networks
In 2019, according to the U.S. Central Bureau, the commercial construction spending across the country witnessed an increase of 4% when compared with 2018. Though some industries were hit harshly by the pandemic last year, the electrical services industry was not as state government implied no prohibitions.