The forecast for the number of self-employed persons in the electrical equipment sector in the US indicates a significant shift. In 2023, the number stood at 1,000 units. From 2024 to 2025, the sector maintains stability with a consistent 1,000 units. However, from 2026 onwards, a dramatic downturn is observed, with projections showing zero self-employed individuals through to 2028. This suggests a complete exit or transition from self-employment within this industry by 2026, marking a negative Compound Annual Growth Rate (CAGR) over this period.

Future trends to watch for:

Increased consolidation and/or acquisition activities within the electrical equipment industry may contribute to the decline in self-employment.
Technological advancements and changing market dynamics may push for more structured business models requiring larger investment, reducing self-employment opportunities.
Alignments with regulatory changes impacting small independent operators could further alter the landscape.