Electrical Market in
Grand Rapids, MI
$65M TAM · Market Score 46/100 · Ranked #69 of 925 MSAs by TAM
Bottom-up market data for the Grand Rapids, MI MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Grand Rapids scored 46/100 for Electrical
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Grand Rapids ranks in the 43th percentile nationally for Electrical.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| % Housing Pre-1980 | 35% | 51 | 50 |
| Fragmentation Score | 35% | 0 | 0 |
| Total Housing Units | 30% | 467,528 | 94 |
TAM by segment
$65M in Grand Rapids broken down by segment
Demographic snapshot
Who lives and buys in Grand Rapids
Frequently asked questions
Electrical market in Grand Rapids: common questions
How big is the electrical market in Grand Rapids, MI?
The electrical market in Grand Rapids, MI has a total addressable market of $65M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Grand Rapids the #69 largest electrical market of 925 U.S. MSAs.
How many electrical companies are in Grand Rapids?
PinpointIQ tracks 252 electrical establishments in the Grand Rapids MSA, employing approximately 3,634 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Grand Rapids rank nationally for electrical?
Grand Rapids scores 46/100 on PinpointIQ's Electrical Market Score, ranking #529 of 925 U.S. metros — the 43th 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 Grand Rapids?
PinpointIQ scores Grand Rapids's electrical market on 3 components: % Housing Pre-1980 (35% weight, 50th percentile); Fragmentation Score (35% weight, 0th percentile); Total Housing Units (30% weight, 94th 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 Grand Rapids?
Grand Rapids's $65M electrical TAM breaks down into: Electrical Service ($20M, 31% of TAM); Electrical Panel Rewire ($29M, 44% of TAM); Electrical New Install ($16M, 25% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Grand Rapids growing? How does population affect the electrical market?
Grand Rapids has a population of 1,162,152 and has grown 11.8% 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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