The association has updated its biannual Electronic Systems Outlook report for Summer 2020 and includes data from Q1 and Q2 of 2020 as well as a forecast for the remainder of the year
NSCA, the leading not-for-profit association representing the commercial low-voltage electronic systems industry, has updated its biannual Electronic Systems Outlook report for Summer 2020. It includes construction outlook information based on actual data from Q1 and Q2 of 2020, as well as a forecast outlook for the remainder of 2020, 2021, and beyond.
Knowing that new construction is the best indicator of the future business climate for integrators, NSCA has followed and reported on industry conditions for members for more than two decades.
The Electronic Systems Outlook report was first established years ago as a response to questions about market conditions and trends, outlining vertical market outlooks, construction outlook summaries, and technology/systems outlooks in each market. This information is designed to help integrators adjust their sales and marketing strategies. Understanding the most recent construction put-in-place totals helps integrators stay on top of slowdowns, recoveries, and market/geographic changes.
Overall, the forecast for 2020 construction put in place calls for a 9% decrease this year in comparison to the 0% growth rate of 2019. These numbers are obviously impacted by the COVID-19 pandemic.
In the Summer 2020 edition, the Electronic Systems Outlook report provides an updated view of:
- Top markets for renovation and new construction projects
- Construction forecasts for 2020 and beyond
- Technology growth in vertical markets
- Developing a focused sales approach
- New business opportunity potential
“In past reports, the Conference Board Consumer Confidence Index graph indicated that NSCA members continue to attract, onboard, and retain employees at nearly every level,” says NSCA Executive Director Chuck Wilson. “As U.S. businesses reset and reboot amid the pandemic, the talent shortage may become top of mind for integrators again soon.”
The NSCA Electronic Systems Outlook is free for NSCA members to download. For more information about the Electronic Systems Outlook Summer 2020 report, or to join NSCA, visit www.nsca.org or call (800) 446-NSCA.