The electrical power industry hit rock bottom in 2002, leading to lower-than-expected revenues for design firms nationwide. This downturn, coupled by the weak economy, has resulted in intense competition, plummeting price levels, and a buyer's market. Three years ago, electrical design firms had more work than they could handle, but today many markets have all but disappeared.

To gain a better understanding of the challenging marketplace, EC&M, Electrical Marketing's sister magazine, surveyed the nation's largest electrical design firms for its inaugural Top 40 listing. These firms identified the latest hot and cool markets, current trends in electrical design, and the challenges that lie ahead for the remainder of this year. In the chart below, EC&M ranked the companies based on a combination of factors, including 2002 revenues submitted by the firms, data from Dun and Bradstreet's Million Dollar Database, and the companies' involvement in electrical design. EC&M also listed the location of their headquarters and number of employees. In a tough economy, these firms are discovering ways to survive and even thrive amongst a tough field of competition.

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Thank-you from the staff of Electrical Marketing.