The National Systems Contractors Association (NSCA) has recently updated the Electronic Systems Outlook for Winter 2015, and now includes information based upon actual data from January through November 2015, as well as forecasted information for 2016.
NSCA partners with FMI to provide this report to the industry.
Free for Gold and Platinum NSCA members, and available for purchase starting at $199 for others, this updated report provides the newest, most relevant indicators of business opportunities for integrators.
By tracking new construction starts and renovations across multiple markets in the commercial buildings industry, NSCA pinpoints which verticals should do well in 2016.
In the Winter 2015 edition, the Electronic Systems Outlook provides an updated view of construction data by markets and electronic systems/technology. The economy seems to be growing, and unemployment is low. With this good news, a decent year is predicted for construction in 2016.
At the end of 2014, this report predicted 6% growth in total nonresidential construction for 2015. Although that forecast was adjusted each quarter, the report’s early optimism wasn’t bullish enough; several construction sectors will strongly exceed last year’s expectations, with notable improvements in lodging, office, amusement and recreation, and manufacturing verticals.
“The upcoming year looks to be a good one for our members,” says NSCA executive director Chuck Wilson, “but it also means that the industry will continue to struggle with labor force issues. NSCA is available to help integrators digest this report and create business plans based on the new opportunities revealed here – and to suggest ways to recruit and train technicians and installers.”
NSCA will host a free one-hour webinar on Feb. 16, 2016, for integrators that want to learn more about the data and how it can be used within their organizations.
For example, integrators can use the Electronic Systems Outlook to benchmark sales numbers and prepare business valuations. Growth indicators can be used to determine incentive programs, reveal new market potential, and appropriately distribute resources. This forecast data can also be shared with financial advisors and lenders to prove the stability of systems integrators in the marketplace.
The Electronic Systems Outlook is free for Gold and Platinum NSCA members, and available for purchase at $199 for Bronze and Silver members. It can be purchased by non-members for $399.
Non-members can become NSCA members for $595 and receive this report as part of their membership package, which offers access to discounted education and training opportunities, updates on regional and national government affairs issues, free monthly industry webinars, business tools and resources, and other exclusive industry research.