It includes construction-outlook information for the US and Canada based on actual data from Q1/21 and Q2/21, as well as a forecast for the remainder of this year, 2022 and beyond. Overall, total US engineering-and-construction spending is forecast to end this year up two percent, as compared to having been up five percent in 2020.
In the Summer 2021 edition, the Electronic Systems Outlook report provides updated information about the following:
- Top markets for renovation and new construction
- Construction forecasts for this year and beyond
- In-demand technologies
- Where technology growth is occurring
- Developing a focused sales approach
- New business-opportunity potential
The information in the report, NSCA said, helps integrators adjust their sales-and-marketing strategy. Understanding the most recent construction put-in-place totals helps them stay on top of slowdowns, recoveries and market/geographic changes.
“No vertical markets are likely to end 2021 up more than five percent,” NSCA’s Executive Director, Tom LeBlanc, said. “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 that integrators will face, 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.
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