The 2024 Electrical Contractor Industry Report, published by NECA and developed by Renaissance Research and Consulting, presents significant industry growth and evolving trends. The comprehensive analysis, spanning over 100 pages with a 14-page summary, captures a current snapshot of the industry including firm sizes, revenue, demographic shifts, and project types. Key insights include: Firm and..
Electrical transformers are crucial components for managing and distributing electrical energy across various sectors, including heavy-industrial settings. For companies specializing in providing new surplus and refurbished heavy-industrial electrical components, it’s essential to understand the critical role these transformers play. Here’s an overview for those sourcing and utilizing these powerhouses in their industrial operations. What is..
In the ever-evolving landscape of heavy industrial electrical supply, staying ahead of the curve means keeping a close eye on emerging trends and technological advancements. As industries pivot toward more efficient, sustainable, and innovative solutions, the heavy electrical supply sector is experiencing significant transformations. In this blog post, we review the key trends shaping the..
In today’s environmentally conscious world, industries are continuously seeking strategies to reduce their ecological footprint while maintaining efficiency and cutting costs. One effective strategy that is gaining traction is the use of refurbished industrial electrical equipment. This approach not only offers a cost-effective alternative to purchasing new equipment but also plays a significant role in..
General Electric (GE) is on the verge of a major transformation as it pivots towards focusing exclusively on aerospace and defense, shedding its previous identity as a diversified conglomerate. This transition is underscored by the impending launch of GE Aerospace as an independent company on April 2, which will retain the original GE stock ticker…