Bill Delucchi was a brand-new apprentice when he first dreamed of starting his own company. In the traditional wisdom of that classic expression, “find a need and fill it,” he saw a need and knew how to fill it.
Prefabricated lighting is an increasingly popular strategy in today’s competitive construction and upgrade market. It can help save electrical contractors (ECs) time and money in the field while offering greater control over the product and installation process.
According to a recent report published by Technavio (www.technavio.com), a global technology research and advisory firm, the global prefabricated construction market is expected to grow at a compound annual growth rate (CAGR) of between 6 and 7 percent until 2020.
Traditional construction methods and techniques have evolved to be more efficient and cost-effective. Technology affords the construction industry the ability to model projects remotely and prefabricate many of the construction elements off-site.
While there may be marginal improvement in the U.S. economy, the electrical contracting business has not yet recovered from a slowdown that has hurt businesses across the spectrum, often lowering margins and slamming once thriving businesses into painful contractions.
Industry experts say modular building technologies—which allow for the prefabrication of modules in a warehouse or manufacturing facility for seamless on-site installation—can offer tremendous advantages over traditional stick-built means.