NSCA Electronic Systems Outlook: 2021 Construction Growth to Tick Up 2%
Overall, total U.S. engineering and construction spending is forecast to end 2021 up 2% compared to up 5% in 2020, according to NSCA.
CEDAR RAPIDS, Iowa — NSCA, a not-for-profit association representing the commercial integration industry, has updated its biannual Electronic Systems Outlook report for Summer 2021. The report 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% compared to up 5% in 2020. In the Summer 2021 edition, the Electronic Systems Outlook report is said to provide 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
The information in the report is said to help integrators adjust their sales and marketing strategies. Understanding the most recent construction put-in-place totals helps them stay on top of slowdowns, recoveries and market/geographic changes, according to NSCA Executive Director Tom LeBlanc.
“No vertical markets are likely to end 2021 up more than 5%,” says 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 best indicator 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. For more information about the 2021 report or to join NSCA and receive a free copy, go here.
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