Electrically Trendy...

Recent Industry Trends

According to recent market studies, the office construction in 2007 had an advanced growth and this trend will continue till 2011. In USA only, the market is expected to grow by 7% by the end of 2008. In the long run growth in the office construction market is expected between 6% and 7% annually till 2011 and it will reach $75.1 billion by then. This forecast could prove to be profitable for electrical fittings and cable industry worldwide. According to industry experts, this growth in office construction market will be one of the major driving forces for electrical fittings industry in future.


According to the Bureau of Labor Statistics, there were approximately 13,000 electricians in Washington State in 2003. Employment for electricians is expected to grow faster than average (projected to increase by 21 to 35 percent) by the year 2012.

The growth in the construction sector will be fruitful and profitable for the electrical hardware industry worldwide in future. According to the industry expert the growth in construction market will draw a a major growth in the electrical hardware industry in the coming years. Electric currently provides the industry's most complete and comprehensive line of transparent ready power and control devices allowing for remote maintenance, remote monitoring, and remote control all right over the web. The demand for automation solutions will only continue to grow as industry continues to seek the most flexible and efficient power and control devices to increase system.


Technological advancements in electrical and electronic equipment has provided the basis for steady industry expansion over the outlook period. As the world fills with more and more mod-cons, specialized electrical contractors are required for both instillation and maintenance. At the same time advancements in installation techniques and business technology has assisted in improving work efficiency.