Houston, Dallas & Miami Lead All Other Metropolitan Areas in 2024 YOY Sales Growth

Sales at electrical distributors grew at a rather pedestian +1.6% to roughly $149 billion in 2024, according to Electrical Marketing’s latest electrical sales potential  estimates. If you factor in the 2024 inflation rate of 1.9%, that means 2024 industry sales were roughly even with 2023.

As always, some local markets led or lagged the national growth rate. Anchorage, AK (+16.1%) was one of four markets that enjoyed double-digit YOY sales increases. The other Metropolitan Statistical Areas (MSAs) were Fairbanks, AK (+13.7%); Kahului-Wailuku-Lahaina
(+13.6%) and Urban Honolulu (+11.1%).

When ranked by YOY estimated dollar increases, the Houston-The Woodlands-Sugar Land, TX, MSA (+$218.8 million); and Miami-Fort Lauderdale-West Palm Beach FL, MSA (+$116 million) were the only two markets that topped $100 million in sales. But nine other markets saw YOY increases of more than $50 million. They are Dallas-Fort Worth-Arlington, TX, MSA (+$96.7 million); Las Vegas-Henderson-Paradise NV, MSA (+$78.3 million); Washington-Arlington-Alexandria, DC-VA-MD-WV, MSA (+$75.8 million); Detroit-Warren-Dearborn, MI, MSA (+$73.8 million); Salt Lake City UT, MSA (+$60.9 million); Orlando-Kissimmee-Sanford FL, MSA (+$57.1 million); and Austin-Round Rock TX, MSA (+$56 million).

As you will learn in Electrical Marketing’s Estimated Sales Potential tables below, many of these local market areas  relied on big increases in electrical contractor sales for their surges in total electrical sales volume.  For example, the Houston (+$166.6 million) and Miami ($101.7 million) metros both saw YOY changes of contractor sales volume topping $100 million. 

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