Staying on top of the latest electrical trends is crucial in keeping up with this rapidly evolving industry. With new technologies and practices shaping the future, the right electrical trends help keep your business competitive while also meeting customer expectations.
In this blog, we’ll explore:
- The rise of smart home technologies and what it means for your business
- Growth in renewable energy adoption and how you can implement it
- Advances in energy storage solutions to meet rising demand
- The importance of electric vehicle (EV) infrastructure
- Developments in building automation systems
By understanding these electrical trends, your electrical business can better prepare for the future and seize new opportunities.
Smart Home Technologies
Smart homes are becoming increasingly popular as more consumers seek convenience, security and energy efficiency. This electrical trend presents significant opportunities for your business.
Market Growth
The global smart home market is experiencing substantial growth. In 2024, the market was valued at $84.5 billion and is projected to reach $116.4 billion by 2029, growing at an annual growth rate (CAGR) of 6.6% during this period.
Key Components
- Smart Lighting: Systems that allow users to control lighting remotely or through automation.
- Smart Thermostats: Devices that learn user preferences to optimize heating and cooling.
- Security Systems: Advanced surveillance and alarm systems accessible via smartphones.
Electrical contractors can capitalize on this trend by offering installation and maintenance services for these smart devices.
Renewable Energy Adoption
The shift towards renewable energy sources is a significant electrical trend in 2025, driven by environmental concerns and government policies.
Increasing Share in Electricity Generation
Renewable energy sources are projected to account for a growing share of electricity generation. According to the U.S. Energy Information Administration (EIA), the share of electricity generation from renewables is expected to double by 2050.
Implications for Electrical Companies
- Solar Panel Installations: Growing demand for residential and commercial solar power systems.
- Wind Energy Projects: Opportunities in installing and maintaining wind turbines. The cost of generating wind power has decreased by approximately 90% since the 1980s.
- Grid Integration: Ensuring that renewable sources are effectively integrated into existing power grids.
Staying informed about renewable energy developments helps you offer relevant services to your customers.
Advances in Energy Storage Solutions
Energy storage is becoming increasingly important as the use of renewable energy sources grows.
Importance of Energy Storage
- Balancing Supply and Demand: Storage systems help manage the intermittent nature of renewable energy.
- Emergency Backup: Provides power during outages, enhancing energy security.
- Cost Savings: Allows users to store energy when prices are low and use it during peak times.
Technologies to Watch
- Lithium-Ion Batteries: Widely used due to their efficiency and decreasing costs.
- Flow Batteries: Offer longer discharge times, suitable for large-scale storage.
- Thermal Storage: Stores energy in the form of heat, useful in specific applications.
Consider training your staff in the installation and maintenance of these systems to meet growing demand.
Electric Vehicle (EV) Infrastructure
The rise of electric vehicles is creating a need for extensive charging infrastructure, presenting a new opportunity for your electrical business.
Market Outlook
The adoption of electric vehicles is accelerating, with projections indicating significant growth in the coming years. This trend necessitates the development of robust EV charging networks.
Opportunities for Electrical Companies
- Residential Charging Stations: Installing home-based EV chargers for consumers.
- Commercial Charging Infrastructure: Developing charging solutions for businesses and public spaces.
- Maintenance Services: Providing ongoing support and repairs for charging equipment.
The Edison Electric Institute anticipates that by 2030, approximately 12.9 million EV charging ports will be required in the United States. Notably, 74% of these are expected to be installed in single- or multi-family residential units. That’s a lot of opportunity for electricians.
The Growth in EV Charging Infrastructure has been rapid. In 2007, there were only 417 publicly available EV charging ports across 139 stations in the U.S. By 2022, these numbers had surged to over 136,000 charging ports and nearly 54,000 stations, underscoring the escalating need for skilled electricians to support this infrastructure.
By expanding services to include EV infrastructure, electrical businesses can tap into this burgeoning market.
Building Automation Systems
Building automation systems (BAS) are an emerging electrical trend that enhances the efficiency and comfort of residential and commercial properties.
In the United States, the BAS market is expected to grow from $18.59 billion in 2023 to approximately $30.12 billion by 2032, with a CAGR of 6.22%.
The U.S. commercial BAS market is anticipated to register a Compound Annual Growth Rate (CAGR) of 6.31% over the next five years, driven by the increasing adoption of smart technologies in commercial buildings.
Benefits of Automation
- Energy Efficiency: Optimizes the use of lighting, HVAC and other systems to reduce energy consumption.
- Enhanced Security: Integrates security systems for comprehensive monitoring and control.
- Convenience: Allows centralized control of various building systems, improving user experience.
Implementation Areas
- Lighting Control: Automated adjustment of lighting based on occupancy and natural light.
- Climate Control: Smart HVAC systems that maintain optimal temperatures efficiently.
- Access Control: Advanced systems for managing entry and security within buildings.
Your electrical business can offer installation and integration services for these systems, meeting the growing demand for smart building solutions.
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Stand Out Against the Competition With These 2025 Electrical Trends
Staying abreast of the latest electrical trends is essential for keeping your electrical business competitive and thriving in the evolving market.
Here’s a few things to focus on moving forward:
- Embrace Smart Home Technologies: Offer services related to the installation and maintenance of smart devices.
- Adopt Renewable Energy Solutions: Expand into solar, wind and other renewable energy projects.
- Invest in Energy Storage: Provide energy storage solutions to complement renewable installations.
- Develop EV Infrastructure Expertise: Capitalize on the growing need for electric vehicle charging stations.
- Implement Building Automation Systems: Enhance service offerings with advanced automation solutions.
By focusing on these areas, you can position your electrical company for success in 2025 and beyond!
Related: Grow Faster With the Best Electrical Estimating App