Page 33 - IEC Insights Mar-Apr19

FEATURE

What’s Next for the

Multi-Billion Electrical

& Systems Industry

BY RAESHAWN CROSSON

merican consumers will
pay a lot of money to bring
electrical power, lighting,
and communications to
A commercial and residential
structures across the United States.

In the United States, electrical
contracting is an industry valued at
over $160 billion annually, made up
of over 70,000 electrical contracting
firms employing over 666,900
electrical workers as of 2016. With
more electricians currently exiting the
workforce than joining, the electrical
construction industry faces a well-
documented shortage of skilled
labor – to the tune of an estimated
85,000-plus unfilled positions by
2024, according to recent forecasts
by the U.S. Bureau of Labor Statistics.

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