Another year has come to a close. And with it, I invite you to reflect on how our industry has changed over the past year. Thanks to our dedicated members and staff, NECA has the flexibility to adapt to the evolving industry. Our chapters and staff work hard to provide the resources and information our members require, and our members deliver the quality work and dedication that result in an outstanding reputation.
One area where we have seen a great deal of change is lighting. As we saw in the 2018 Profile of the Electrical Contractor, lighting took the top spot as money earner and accounted for almost 30% of ECs’ revenue (up 8% percent from 2016). It’s pretty remarkable to see that it has passed traditional power transmission and distribution in sources of revenue. This is an indicator of the advances we see so often in the industry. Also, almost three-quarters of ECs in the 2018 Profile indicated they expanded into other types of work, from prefab to HVAC to water utilities. Smaller firms have trended toward a focus on maintenance, service and repair.
While ECs are participating in many more markets, the size of our firms is pretty much the same, which is a great indicator of the health of our industry. Electrical Contractor will conduct a new Profile survey in 2020, and it will be interesting to see what has changed. Be sure to answer your survey, so your statistics are included.
As we prepare to forge ahead in 2020, I invite you to celebrate our success as an industry and as an association working together to advance our businesses and deliver these critical tools to people across the country. Happy New Year!