Electrical Market in
Providence, RI
$151M TAM · Market Score 81/100 · Ranked #33 of 925 MSAs by TAM
Bottom-up market data for the Providence, RI MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Providence scored 81/100 for Electrical
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Providence ranks in the 100th percentile nationally for Electrical.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| % Housing Pre-1980 | 35% | 69.96 | 88 |
| Fragmentation Score | 35% | 60.2 | 60 |
| Total Housing Units | 30% | 730,957 | 96 |
TAM by segment
$151M in Providence broken down by segment
Demographic snapshot
Who lives and buys in Providence
Frequently asked questions
Electrical market in Providence: common questions
How big is the electrical market in Providence, RI?
The electrical market in Providence, RI has a total addressable market of $151M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Providence the #33 largest electrical market of 925 U.S. MSAs.
How many electrical companies are in Providence?
PinpointIQ tracks 612 electrical establishments in the Providence MSA, employing approximately 4,397 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Providence rank nationally for electrical?
Providence scores 81/100 on PinpointIQ's Electrical Market Score, ranking #3 of 925 U.S. metros — the 100th 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 Providence?
PinpointIQ scores Providence's electrical market on 3 components: % Housing Pre-1980 (35% weight, 88th percentile); Fragmentation Score (35% weight, 60th percentile); Total Housing Units (30% weight, 96th 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 Providence?
Providence's $151M electrical TAM breaks down into: Electrical Service ($46M, 31% of TAM); Electrical Panel Rewire ($91M, 60% of TAM); Electrical New Install ($13M, 9% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Providence growing? How does population affect the electrical market?
Providence has a population of 1,684,071 and has grown 4.4% 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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