News

The latest goings on we've gathered from across the electrical industry.

Construction Spending Continues to Outpace 2022, Up 10.7% YOY in October to $2,027.1 Billion

Dec. 1, 2023
Nonresidential construction was at a seasonally adjusted annual rate of $694.8 billion in October, +0.1% above the revised September estimate of $694.2 billion.
Orsted / Eversource

Stormy Weather for Offshore Wind Farms?

Nov. 30, 2023
Orstead cancelled plans to build two massive wind farms off the New Jersey Coast.
104750065 / sashkinw / DreamsTime

The Impact of AI on Data Centers

Nov. 30, 2023
A CBRE research said because of the processing power needed for AI’s complex computations, they will require more electrical power at these facilities.
33574911 / khunaspix / DreamsTime

Building Activity Continues to Weaken According to Dodge Construction Data

Nov. 30, 2023
Construction is tracking behind 2022's pace, according to Dodge Construction Network.
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Utility-Scale Solar Leads Renewables Market According to 3Q 2023 ACP Report

Nov. 30, 2023
Wind farm development slowed down in 3Q 2023.

People On the Move - Dec. 1, 2023 Update

Nov. 30, 2023
Executive news from Sonepar, Turtle, Grainger, OmniCable and Motion Industries.
Andrey Popov / DreamsTime

Electrical Distributors Forecast Solid Sales Growth for 2024 in EW Survey

Nov. 30, 2023
Electrical distributors appear to be very bullish about 2024's electrical sales potential.
87684009 © Sculpies / DreamsTime

Sunbelt Housing Markets Continue to Dominate Single-Family Building Permits

Nov. 30, 2023
While permit activity is down year-over-year, some markets continue to shine.

Electrical Marketing - December 1, 2023

Nov. 30, 2023
Get a first look at the EW Market Planning Guide's 2024 sales forecasts and check out the 50 biggest MSAs for building permits.

Rep News - Nov. 17, 2023 Update

Nov. 17, 2023
Advance Pedestals and Opitique Lighting made several key rep appointments.

People On the Move - Nov. 17, 2023 Update

Nov. 17, 2023
Check out the industry execs in the news.
photo_535609 / brownm39 / DreamsTime

CBRE Sees a Light at the End of the Tunnel for Construction Loans Next Year

Nov. 17, 2023
CBRE says the commercial real estate lending market is beginning to stabilize.

Schneider Electric Wins $3-Billion Data Center Contract

Nov. 17, 2023
Schneider Electric has manufactured and delivered about 150 modular data center solutions to Compass.
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Editor's Note: Revised Vital Statistics Chart Now Available

Nov. 8, 2023
Electrical Marketing's editors have revised the data that appeared in the Oct. 20 MarketPlace Key Figures chart.
0886103 © Kheng Ho Toh / DreamsTime
Rep Appointment Illustration 60886103 © Kheng Ho Toh Dreamstime

Rep News - Updated November 3, 2023

Nov. 2, 2023
Champion Fiberglass and Chalfant Manufacturing appoint new reps.
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People On the Move - November 3, 2023 Update

Nov. 2, 2023
Execs on the way up at Turtle, ABB, Electri-Flex, Rexel and Champion Fiberglass.
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Construction Landscape Photo 7507349 © Cornelius20 Dreamstime 10990

Construction Spending Still Riding High in September at $1,996.5 Billion, Up +8.7% YOY

Nov. 2, 2023
Manufacturing, for months the hottest individual construction category, showed a small decrease of -0.4% to $198.5 billion, but is still up +62.5% YOY.
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NEMA’s EBCI Index for October Reflects Growing Optimism for Future Growth

Nov. 2, 2023
For the first time since February 2023, the current conditions component broke into expansionary territory as October’s reading hit 52.8 points. The proportion of respondents ...
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Billion-Dollar Projects Continue to Dominate Construction Scene

Nov. 2, 2023
Construction of utility projects, data centers and EV battery and vehicle factories is showing no sign of slowing down.
226496518 © Mohd izzuan Roslan / DreamsTime
Acquisitions 2023 Photo 226496518 © Mohd Izzuan Roslan Dreamstime

Another Mega-Deal in Rep World: FRM and Bell & McCoy Companies Merge

Nov. 2, 2023
FRM and Bell & McCoy Companies together employ more than 500 employees.
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People on the Move - October 20, 2023

Oct. 20, 2023
ABB (Atlanta)Chris Marlow (in photo) has joined ABB Installation Products, leading its U.S. channel organization and strategic initiatives focused on further strengthening relationships...