Electrical Market in
Minneapolis, MN
$289M TAM · Market Score 46/100 · Ranked #20 of 925 MSAs by TAM
Bottom-up market data for the Minneapolis, MN MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Minneapolis scored 46/100 for Electrical
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Minneapolis ranks in the 42th percentile nationally for Electrical.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| % Housing Pre-1980 | 35% | 49.04 | 46 |
| Fragmentation Score | 35% | 0 | 0 |
| Total Housing Units | 30% | 1,551,396 | 98 |
TAM by segment
$289M in Minneapolis broken down by segment
Demographic snapshot
Who lives and buys in Minneapolis
Frequently asked questions
Electrical market in Minneapolis: common questions
How big is the electrical market in Minneapolis, MN?
The electrical market in Minneapolis, MN has a total addressable market of $289M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Minneapolis the #20 largest electrical market of 925 U.S. MSAs.
How many electrical companies are in Minneapolis?
PinpointIQ tracks 795 electrical establishments in the Minneapolis MSA, employing approximately 12,186 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Minneapolis rank nationally for electrical?
Minneapolis scores 46/100 on PinpointIQ's Electrical Market Score, ranking #535 of 925 U.S. metros — the 42th 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 Minneapolis?
PinpointIQ scores Minneapolis's electrical market on 3 components: % Housing Pre-1980 (35% weight, 46th percentile); Fragmentation Score (35% weight, 0th percentile); Total Housing Units (30% weight, 98th 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 Minneapolis?
Minneapolis's $289M electrical TAM breaks down into: Electrical Service ($87M, 30% of TAM); Electrical Panel Rewire ($120M, 42% of TAM); Electrical New Install ($82M, 28% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Minneapolis growing? How does population affect the electrical market?
Minneapolis has a population of 3,713,668 and has grown 5.3% 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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