NSCA has updated and released its biannual Electronic Systems Outlook report for Summer 2021, which includes construction outlook information for the United States and Canada based on actual data from Q1 and Q2 of 2021 as well as a forecast for the remainder of 2021, 2022, and beyond.
Overall, total U.S. engineering and construction spending is forecast to end 2021 up 2 percent, compared to up 5 percent in 2020. The information in this report is intended to help integrators adjust their sales and marketing strategies — understanding the most recent construction put-in-place totals can help them stay on top of slowdowns, recoveries, and market/geographic changes.
In the Summer 2021 edition, the Electronic Systems Outlook report provides an updated view of:
— Top markets for renovation and new construction
— Construction forecasts for 2021 and beyond
— In-demand technologies
— Where technology growth is occurring
— Developing a focused sales approach
— New business opportunity potential
“No vertical markets are likely to end 2021 up more than 5 percent,” says NSCA Executive Director Tom LeBlanc. “However, the integration market is uniquely positioned to align itself with increased consumer confidence. Customers across all vertical markets are poised to invest in their facilities to accommodate a reimagined work environment. Integrators will continue to offer value for customers even amid reduced construction.”
Knowing that new construction is the one of the best indicators of the future business climate for integrators, NSCA has followed and reported on industry conditions for more than two decades. The Electronic Systems Outlook report was initially established as a response to member questions about market conditions and trends, outlining vertical market outlooks, construction outlook summaries, and technology/systems outlooks in specific markets.
The NSCA Electronic Systems Outlook is free for NSCA members to download. Go here for more information about the Electronic Systems Outlook Summer 2021 report and/or to join NSCA and get a free copy of the report.
