Electrical Market in
Salt Lake City, UT
$123M TAM · Market Score 38/100 · Ranked #42 of 925 MSAs by TAM
Bottom-up market data for the Salt Lake City, UT MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Salt Lake City scored 38/100 for Electrical
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Salt Lake City ranks in the 21th percentile nationally for Electrical.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| % Housing Pre-1980 | 35% | 42.25 | 27 |
| Fragmentation Score | 35% | 0 | 0 |
| Total Housing Units | 30% | 474,627 | 94 |
TAM by segment
$123M in Salt Lake City broken down by segment
Demographic snapshot
Who lives and buys in Salt Lake City
Frequently asked questions
Electrical market in Salt Lake City: common questions
How big is the electrical market in Salt Lake City, UT?
The electrical market in Salt Lake City, UT has a total addressable market of $123M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Salt Lake City the #42 largest electrical market of 925 U.S. MSAs.
How many electrical companies are in Salt Lake City?
PinpointIQ tracks 403 electrical establishments in the Salt Lake City MSA, employing approximately 7,305 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Salt Lake City rank nationally for electrical?
Salt Lake City scores 38/100 on PinpointIQ's Electrical Market Score, ranking #725 of 925 U.S. metros — the 21th 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 Salt Lake City?
PinpointIQ scores Salt Lake City's electrical market on 3 components: % Housing Pre-1980 (35% weight, 27th 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 Salt Lake City?
Salt Lake City's $123M electrical TAM breaks down into: Electrical Service ($37M, 30% of TAM); Electrical Panel Rewire ($44M, 35% of TAM); Electrical New Install ($43M, 35% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Salt Lake City growing? How does population affect the electrical market?
Salt Lake City has a population of 1,275,870 and has grown 9.0% 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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