Electrical Market in
Chicago, IL
$595M TAM · Market Score 56/100 · Ranked #8 of 925 MSAs by TAM
Bottom-up market data for the Chicago, IL MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Chicago scored 56/100 for Electrical
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Chicago ranks in the 71th percentile nationally for Electrical.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| % Housing Pre-1980 | 35% | 62.73 | 76 |
| Fragmentation Score | 35% | 0 | 0 |
| Total Housing Units | 30% | 3,900,420 | 100 |
TAM by segment
$595M in Chicago broken down by segment
Demographic snapshot
Who lives and buys in Chicago
Frequently asked questions
Electrical market in Chicago: common questions
How big is the electrical market in Chicago, IL?
The electrical market in Chicago, IL has a total addressable market of $595M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Chicago the #8 largest electrical market of 925 U.S. MSAs.
How many electrical companies are in Chicago?
PinpointIQ tracks 2,079 electrical establishments in the Chicago MSA, employing approximately 26,242 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Chicago rank nationally for electrical?
Chicago scores 56/100 on PinpointIQ's Electrical Market Score, ranking #265 of 925 U.S. metros — the 71th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for electrical operators and investors.
What drives electrical demand in Chicago?
PinpointIQ scores Chicago's electrical market on 3 components: % Housing Pre-1980 (35% weight, 76th percentile); Fragmentation Score (35% weight, 0th percentile); Total Housing Units (30% weight, 100th percentile). The weights are calibrated to the electrical vertical and applied consistently across every U.S. MSA.
What are the biggest electrical sub-segments in Chicago?
Chicago's $595M electrical TAM breaks down into: Electrical Service ($189M, 32% of TAM); Electrical Panel Rewire ($334M, 56% of TAM); Electrical New Install ($72M, 12% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Chicago growing? How does population affect the electrical market?
Chicago has a population of 9,371,595 and has declined 1.9% over the last 5 years. Population change is one of the drivers of electrical demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.
TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.
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