North America Electrical Services Market is Expected to grow at a robust CAGR of 3.37% through 2030F
The
North America Electrical Services Market is expected to be led by the United
States due to its expansive infrastructure development and high demand for
industrial and commercial electrical solutions, during the forecast period
2026-2030F.
According
to TechSci Research report, “North
America Electrical Services Market – By Country, Competition, Forecast &
Opportunities, 2020-2030F, The North America Electrical Services Market was
valued at USD 187.07 Billion in 2024 and is expected to reach USD 228.29
Billion by 2030 with a CAGR of 3.37% during the forecast period.
The
expansion of the construction and infrastructure development sectors is a major
driver for the North America Electrical Services Market. The rapid urbanization
and continuous growth of infrastructure in North America are leading to an
increased need for electrical services in residential, commercial, and
industrial buildings. From new construction projects to infrastructure upgrades
and renovations, electrical services play a critical role in the design,
installation, and maintenance of electrical systems. This includes wiring,
lighting, heating and cooling systems, energy management systems, and more. The
demand for electrical services is particularly high in the commercial and
industrial sectors, where the complexity of electrical systems requires specialized
expertise.
The
construction of smart cities, green buildings, and energy-efficient structures
further accelerates the need for modern electrical systems and professional
electrical services to meet sustainability goals. The aging infrastructure in
many regions of North America requires extensive electrical upgrades and
replacements, further driving the demand for electrical services. As
infrastructure projects continue to rise across North America, the electrical
services market will continue to experience substantial growth.
The
rapid growth of the electric vehicle (EV) industry is a transformative trend
for the North America Electrical Services Market. As governments, businesses,
and individuals increasingly shift toward electric vehicles to reduce emissions
and lower dependence on fossil fuels, there is a rising demand for the
infrastructure required to support these vehicles. This includes the
installation of EV charging stations in both residential and commercial
properties. Electrical service providers are being called upon to ensure that
the electrical systems in homes, offices, parking lots, and commercial
establishments are capable of supporting EV charging equipment.
This
trend is driving the need for electrical upgrades and the installation of
specialized charging stations, as well as the integration of vehicle-to-grid
technologies, where EVs can feed electricity back into the grid during peak
demand. With an increasing number of electric vehicles expected to be on the
road in the coming years, the need for efficient and widespread charging
infrastructure will continue to grow, making electrical services a critical
part of this transformation. As the number of EVs increases, so too will the
demand for charging stations, creating an expanding market for electrical
services focused on EV integration.
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Based
on Application, Industrial Automation is the fastest-growing segment in the
North America Electrical Services Market, driven by a widespread shift toward
digital transformation, operational efficiency, and smart manufacturing. As
companies across sectors seek to modernize their facilities with advanced
technologies such as robotics, programmable logic controllers, sensors, and
industrial Internet of Things platforms, the need for reliable, high-quality
electrical services has surged. Automation systems require sophisticated
electrical setups for both integration and continuous operation, creating
consistent demand for installation, repair, and maintenance services. Moreover,
rising labor costs and the growing emphasis on precision, safety, and
productivity are prompting manufacturers to accelerate automation initiatives,
particularly in automotive, electronics, food processing, and pharmaceuticals.
Governments
and private stakeholders are also offering incentives to support factory
upgrades and energy-efficient automation systems, further contributing to
market momentum. In addition, the convergence of electrical services with data
analytics, real-time monitoring, and remote-control solutions is reshaping
traditional service delivery models. This evolution requires a skilled
workforce and ongoing innovation, positioning industrial automation as a key
driver of service demand. With its capacity to improve performance, reduce
downtime, and enable smart energy management, industrial automation is expected
to remain the most dynamic and fastest-growing application segment throughout
the forecast period.
Based
on country, Mexico is
rapidly emerging as the fastest-growing country in the North America Electrical
Services Market, propelled by substantial developments in infrastructure,
industrial expansion, and clean energy adoption. The government is heavily
investing in upgrading the national power grid, expanding rural
electrification, and facilitating the transition to renewable energy sources
such as solar and wind. Urban growth and the construction of smart cities are
also generating a sharp increase in demand for electrical services, including
installation, repair, and maintenance.
The
Mexican manufacturing sector's rising need for automation and energy efficiency
is accelerating the demand for sophisticated electrical systems. With strong
regulatory support, increased foreign direct investment, and growing energy
needs from residential and commercial sectors, Mexico is well-positioned to
drive regional market growth and reshape the future of electrical services in
North America.
Key
market players in the North America Electrical Services market are: -
- Schneider
Electric SE
- General
Electric Company
- Siemens
AG
- Eaton
Corporation plc
- Emerson
Electric Co.
- ABB
Ltd.
- Johnson
Controls International plc
- Rockwell
Automation, Inc.
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“The
North America Electrical Services Market is projected to grow steadily in the
future, driven by increasing demand for smart grid systems, rising investments
in renewable energy infrastructure, and the ongoing modernization of aging
electrical frameworks. Growth will be further supported by widespread
urbanization, expansion of data centers, and integration of automation
technologies in commercial and industrial sectors. Governments are also
prioritizing electrification and energy efficiency, fueling market
opportunities across installation, repair, maintenance, and consulting
services. With technological advancements and sustainability goals aligning,
the market is expected to witness consistent expansion across diverse sectors
including residential, industrial, and infrastructure applications.” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“North America Electrical Services Market By
Service Type (Installation, Repair & Maintenance, Consulting), By
Application (Building Infrastructure, Industrial Automation, Renewable Energy),
By Country, By Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth
potential of North America Electrical Services Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in North America Electrical Services Market.
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