Procurement Market Intelligence Report
Electrical Contracting Services
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Electrical Contracting Services Global Overview
Definition
Summary
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.
This Report Includes:
- Electrical Wiring Set-Up & Maintenance
- Electrical Panel Installation
- Security System Installation
- Surge Protection
Not in this Report:
- Transmission Lines
- Cogeneration Plants
- Substation Facilities
- Utility-Scale Solar Projects
- Utility Infrastructure
Global Electrical Contracting Services Procurement Trends
Discover the top international trends affecting procurement in the global Electrical Contracting Services market.
Warning Trends
Tariffs to negatively impact the building and construction machinery sector
- The Trump Administration’s reciprocal tariffs, which apply general tariff rate increases to most countries the United States trades with, are set to take effect on August 7, after the administration finalized the national rates on August 1. As a result, leading sources of imported construction machinery face significantly higher tariff rates, including Japan (15.0%), Mexico (25.0%), South Korea (15.0%), the European Union (15.0%), the United Kingdom (10.0%), China (54.0%), and Canada (35.0%).
- The increase in tariffs on building and construction machinery imported from tariff-impacted countries will add to the price of imports, which are typically passed on to buyers in the form of higher prices. According to The Budget Lab at Yale, the additional tariffs on imports will increase overall prices for machinery and equipment by 13.3%.
- Additionally, the administration has already implemented 50.0% tariffs on all aluminum and steel imported into the United States, with the sole exception of imports from the United Kingdom. These tariffs will increase input costs even for construction machinery suppliers with domestic manufacturing operations.
- According to an April 2025 survey from Construction Equipment Magazine, around half of the respondents reported that the higher tariffs will increase operating costs by up to 15.0%, and more than half said they plan to pass those increases along to buyers.
- As many building and construction machinery brands source parts and components such as steel, engines, and electronics from foreign countries, higher tariff rates will put upward pressure on prices and lead to greater rental rates as manufacturers and dealers pass on costs. In addition, suppliers that source parts from tariff-affected regions may see supply chain disruptions as they seek alternative suppliers to mitigate tariff impacts.
Increased tariffs on copper imports take effect
- On August 1, the Trump administration implemented 50.0% tariffs on imported copper. Chile and Canada will be most impacted by these tariffs, as they account for a combined 87.0% of all copper imports in the United States.
- However, these tariffs are less sweeping than initially expected, only applying to semi-finished copper products, while excluding high-purity refined copper and copper input materials, such as ore and concentrate. As leading importers, such as Chile and Canada, have both high copper mining and refining capacities, they will likely avoid most of these tariffs by either exporting the copper in its unrefined form or refining the copper before exporting it to the United States
- These copper tariff exemptions limit the impact on the electronics and electrical equipment sectors because these applications require refined copper due to its optimal conductive properties.
- Thus, the prices of metal alloys that include copper, consumer products made from copper, tools, plumbing, corrosion-resistant alloys, and construction materials made from copper are forecast to rise by an average of 39.2%, according to the Yale Budget Lab.
Neutral
Inflation climbs above 3.0% for the first time in seven months
- In January, the Consumer Price Index (CPI) 12-month inflation rate, the most commonly used measure of inflation, rose by 0.1% to 3.0%, the highest it has been since June 2024.
- This uptick in inflation follows cuts to interest rates which may have added to consumer demand, fueling higher consumer prices.
- Additionally, the threat of impending tariff hikes has driven preemptive stockpiling by importers, adding to demand and price growth across a range of industries in the United States.
- While inflation is still low relative to previous years, sustained recent increases in inflation and the potential effects of tariffs, such as the recently implemented 10.0% on all Chinese goods, mean prices are still rising at a faster-than-normal pace.
Global Electrical Contracting Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 India | 755,145 |
| #2 Oceania & Southeast Asia | 387,925 |
| #3 China | 173,135 |
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2
Geography Drilldown - US, Canada & Europe
Average Cost of Electrical Contracting Services
United States
2026 Market Pricing$50.00 to $XXX.XX
per hour per electricianCanada
Europe
Average Price
Prices in the Electrical Contracting Services market range from $50.00 to $XXX.XX, depending on Contractor Experience & Qualifications, Project Size & Scope and Geographic Location. For example, lower prices are associated with Apprentice ($40.00 to $50.00 per hour per electrician), whereas higher prices are associated with Journeyman ($50.00 to $70.00 per hour per electrician) and Master ($100 to $150per hour per electrician).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Electrical Contracting Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Electrical Contracting Services market, prices in the US have grown 3.6% from 2022 to 2025. and +0.8% in Europe.
United States (2022-2025)
Canada (2021-2024)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Electrical Contracting Services
Total cost of ownership is Medium in the Electrical Contracting Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Scope Changes may raise the total cost of ownership unexpectedly.
Billed During
Inspections
Hardware
Repairs
Additional Fees
Unforeseen
Scope Changes
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -3.2 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Electrical Equipment Wholesalers
- Home Improvement Stores
- Wire & Cable Manufacturers
2nd
Tier Suppliers
- Electrical Equipment Manufacturers
- Lighting Fixtures Manufacturers
- Tool & Hardware Wholesalers
- Copper Rolling, Drawing, & Extruding Service Providers
Biggest Electrical Contracting Services Suppliers in the US by Revenue
The largest Electrical Contracting Services vendors by revenue in the US are Rosendin Electric Inc., Emcor Group, Inc. and MDU Construction Services Group Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Quanta Services, Inc. | Global | HOUSTON, TX | >10,000 | < 5 | ||||
| Emcor Group, Inc. | International | NORWALK, CT | >10,000 | < 5 | ||||
| MDU Construction Services Group Inc. | US | < 5 | ||||||
| Tutor Perini Corporation | International | SYLMAR, CA | 1,001-10,000 | < 5 | ||||
| MYR Group Inc. | National | THORNTON, IL | 1,001-10,000 | < 5 | ||||
| IES Holdings Inc. | National | HOUSTON | 1,001-10,000 | < 5 | ||||
| Rosendin Electric Inc. | National | San Jose, CA | 1,001-10,000 | < 5 | ||||
| Bergelectric Corporation | National | Carlsbad, CA | 1,001-10,000 | < 5 | ||||
| Cupertino Electric, Inc. | National | San Jose, CA | 1,001-10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Electrical Contracting Services market is 6.1% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
The average vendor in the market carries a moderate level of risk. Profit margins are moderate due to intense competition among suppliers.
Minimal barriers to entry have kept market share concentration low and steady, as about 90.0% of firms in the market are small-scale, independent contractors. Fortunately for buyers, low market share concentration and the resulting heightened competition among suppliers aid buyer power.
Suppliers rely heavily on electrical wire and thus face moderate supply chain risk due to frequent fluctuations in the price of copper.
The US is a net importer of copper wire, meaning that electrical contractors generally purchase this essential input from foreign producers. The accessibility of imported copper wire drives down prices and ensures steady supply for electrical contractors.
Supplier Information
Bergelectric Corporation
Bergelectric Corporation is a private company operating nationally in the construction sector. The company's offerings include electrical contracting services. Founded in 1946, the company is currently headquartered in Carlsbad, California, United States of America with an estimated 5500 employees. Subscribe to learn more
Cupertino Electric, Inc.
Cupertino Electric, Inc. is a private company operating nationally in the construction sector. The company's offerings include electrical contracting services. Founded in 1954, the company is currently headquartered in San Jose, California, United States of America with an estimated 5500 employees. Subscribe to learn more
Emcor Group, Inc.
Emcor Group, Inc. is a public company operating internationally in the construction, manufacturing, professional, scientific and technical services, administration, business support and waste management services and other services (except public administration) sectors. The company's offerings include building... Subscribe to learn more
IES Holdings Inc.
IES Holdings, Inc. is an electrical, communications, and infrastructure solutions provider that designs and installs integrated electrical and technology systems and provides infrastructure products and services to various end markets, including data centers, residential housing, and commercial and industrial... Subscribe to learn more
IMG Technologies Inc.
IMG Technologies Inc. is a private company operating nationally in the construction sector. The company's offerings include electrical contracting services, riser management services and network cable installation. Founded in 1984, the company is currently headquartered in Oakbrook Terrace, Illinois, United... Subscribe to learn more
MDU Construction Services Group Inc.
Everus Construction Group, Inc. is a public company operating nationally in the construction sector. The company's offerings include transmission tower construction and electrical contracting services. Founded in 1997, the company is currently headquartered in Bismark, North Dakota, United States of America.... Subscribe to learn more
MYR Group Inc.
MYR Group Inc. is a specialty electrical construction service provider to the electric utility infrastructure, commercial, and industrial construction markets. It provides electric transmission and distribution networks and substation facilities, including design, engineering, procurement, construction, upgrade,... Subscribe to learn more
Quanta Services, Inc.
Quanta Services, Inc. is a public company operating globally in the construction, manufacturing and other services (except public administration) sectors. The company's offerings include computer servers, generator maintenance & repair, transmission tower construction, electrical contracting services and Subscribe to learn more
Rosendin Electric Inc.
Rosendin Electric Inc. is a private company operating nationally in the construction and manufacturing sectors. The company's offerings include building lighting control systems, solar panel installation and electrical contracting services. Founded in 1919, the company is currently headquartered in San Jose,... Subscribe to learn more
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Procurement Management KPIs for the Electrical Contracting Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Order Value and Customer Satisfaction (CSAT). Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Response Time and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Order Value |
|
Total revenue Number of orders |
The average order value can be used to assess a company’s ability to provide large volumes of product. The average order value can be used to assess a vendor's experience in dealing with clients of similar size. |
| Customer Satisfaction (CSAT) |
|
Number of positive customer responses Number of customer responses |
Customer satisfaction represents customers’ overall satisfaction with a company. Customer satisfaction can be used to evaluate a company’s reputation. |
|
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Competition
What kind of warranties can you provide for your work?
Do you have any relationships with key suppliers that improve your services? Are these relationships unique to your company?
Price
Are there any steps that can be taken to reduce prices, such as buying materials ourselves?
What is the payment schedule? How are surprise expenses and changed orders factored into the payment schedule?
Experience and Expertise
Do your employees possess journeyman-level experience?
Have you served businesses like mine in the past? Can you provide a portfolio of similar projects you have worked on?
The ultimate prep for procurement negotations
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Electrical Contracting Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their organization and the size of their operations. This should include a layout of the building or site as well as any relevant blueprints or plants.
Buyers should include a detailed description of their desired use of electrical power. This should be enough information for suppliers to quickly evaluate the scope of electrical contracting services required and the intricacy of the building's infrastructure.
Statement Of Need
In detailed terms, buyers should state the project's background, scope, purpose and timeline.
Buyers should specify any known difficulties the contractor will face during construction due to site conditions.
Project Budget
Buyers should include relevant information that will help vendors assess the totality of the project.
Buyers should provide information about when payment will occur. For example, buyers should say whether payment is awarded upon finalization of the contract or over a period of time.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
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- Buyer power levers
- Price environment and market pricing
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- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
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