CEDAR RAPIDS, IA, Aug. 7, 2017 – NSCA’s Electronic Systems Outlook report has been updated for Summer 2017, and now includes construction outlook information based upon actual data from Q1 and Q2 of 2017, as well as a forecasted outlook for the remainder of the year and beyond.
Integrators continuously ask about market conditions and trends. NSCA has followed and reported on industry conditions for over 20 years, knowing that new construction is the best indicator of the future business climate. Understanding construction put-in-place totals allows NSCA to predict patterns of slowdowns, recoveries, and market/geographic changes for members.
Overall, the forecast for 2017 construction put-in-place calls for a 6% increase. Although this is a drop from the hot pace of growth from the last few years, it seems to indicate that the recovery bounce is over and more normal growth is in store. Lodging construction is expected to see 6% growth. Office construction is expected to slow to 9% growth in 2017. Commercial construction is forecast to lead the year at 10% growth, but will slow in later years.
In the Summer 2017 edition, the Electronic Systems Outlook report provides an updated view of construction data by market and electronic system/technology, providing details on:
- Markets that are (and aren’t) poised to do well
- Construction forecasts for 2017 and beyond
- Technologies that are growing in demand
- Developing a focused sales approach
- Keeping tabs on new business opportunities
“The numbers look solid for NSCA members. The infrastructure spending bill will have a tremendous impact on our industry,” says NSCA Executive Director Chuck Wilson. “As usual, the challenge will be in finding people to perform the work – not in finding the work itself. Without question, talent management will be a top priority in order for integrators to pursue growth opportunities.”
The NSCA Electronic Systems Outlook is free for NSCA Gold and Platinum members, and available for purchase at $199 for Bronze and Silver members. It can be purchased by non-members for $399. Non-member integrators 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, and other exclusive industry research.
For more information about the Electronic Systems Outlook Summer 2017 report, to see a preview of the report, or to join NSCA, visit www.nsca.org or call (800) 446-NSCA.
The National Systems Contractors Association (NSCA) is the leading not-for-profit association representing the commercial low-voltage electronic systems industry. NSCA is a powerful advocate for all who work within the low-voltage industry, including systems contractors/integrators, product manufacturers, consultants, sales representatives, architects, specifying engineers, and other allied professionals. NSCA is dedicated to serving its contractor members and all channel stakeholders through advocacy, education, member services, and networking designed to improve business performance. For more information, visit www.nsca.org.