Electrical Market in
Richmond, VA
$109M TAM · Market Score 39/100 · Ranked #46 of 925 MSAs by TAM
Bottom-up market data for the Richmond, VA MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Richmond scored 39/100 for Electrical
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Richmond ranks in the 25th percentile nationally for Electrical.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| % Housing Pre-1980 | 35% | 43.57 | 31 |
| Fragmentation Score | 35% | 0 | 0 |
| Total Housing Units | 30% | 569,714 | 95 |
TAM by segment
$109M in Richmond broken down by segment
Demographic snapshot
Who lives and buys in Richmond
Frequently asked questions
Electrical market in Richmond: common questions
How big is the electrical market in Richmond, VA?
The electrical market in Richmond, VA has a total addressable market of $109M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Richmond the #46 largest electrical market of 925 U.S. MSAs.
How many electrical companies are in Richmond?
PinpointIQ tracks 364 electrical establishments in the Richmond MSA, employing approximately 5,012 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Richmond rank nationally for electrical?
Richmond scores 39/100 on PinpointIQ's Electrical Market Score, ranking #694 of 925 U.S. metros — the 25th 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 Richmond?
PinpointIQ scores Richmond's electrical market on 3 components: % Housing Pre-1980 (35% weight, 31th percentile); Fragmentation Score (35% weight, 0th percentile); Total Housing Units (30% weight, 95th 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 Richmond?
Richmond's $109M electrical TAM breaks down into: Electrical Service ($30M, 28% of TAM); Electrical Panel Rewire ($37M, 34% of TAM); Electrical New Install ($42M, 38% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Richmond growing? How does population affect the electrical market?
Richmond has a population of 1,341,248 and has grown 5.6% 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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