The IBEW and NECA have made their annual market share measurements available, showcasing data from 2004 to 2023 on NECA’s Chapter Staff Site.
Why it matters: This data provides local parties with credible insights to focus on expanding their share of the electrical construction industry.
It minimizes time spent on data accuracy debates, allowing more strategic discussions.
Details: Jointly developed by the IBEW and NECA, these measurements are seen as a reliable tool for assessing market penetration and growth.
Keep in mind that analysts recognize, however, that because the information available at the local level is sometimes unreliable, the margin of error increases and some uncertainty exists.
This data is crucial for identifying the size of a local IBEW/NECA market, essential for evaluating the past and planning for the future.
What's next: The release of Outside "employment share" and "wage share" summaries is forthcoming, providing further insights into market dynamics.
If you have any questions, please contact your NECA Field Representative.
