NSCA has updated its biannual Electronic Systems Outlook report for summer 2021. It includes construction outlook information for the U.S. and Canada based on data from Q1 and Q2 of 2021. Overall, total U.S. engineering and construction spending is forecast to be up 2% at the end of 2021 as compared to up 5% in 2020.
In the summer 2021 edition, the Electronic Systems Outlook report provides an updated view of the following:
- 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
- Forecast for the remainder of 2021, 2022 and beyond
NSCA says 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 organization says understanding the most recent construction totals helps integrators stay on top of slowdowns, recoveries and market and geographic changes.
“No vertical markets are likely to end 2021 up more than 5%,” said Tom LeBlanc, NSCA executive director. “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.”