Q2 2024
Supply Chain Outlook
Want to know what to expect in the electrical industry? The Raiven Electrical Supply Chain Outlook for Q2 2024 has your answers based on market research and our team's thorough analysis. Download today!
Beware Of The Strong Undercurrents
The Q2 2024 Outlook examines three distinct market drivers that could cause electrical product pricing to remain elevated or even accelerate as we move through 2024, including: (1) the dramatic buoying effect of switchgear on overall pricing, (2) an unexpected global economic strength, and (3) the volatility of an election year.
In addition, the Q2 Outlook delves into the intricate dynamics shaping the electrical materials pricing landscape, revealing a notable trend of rising prices in core categories such as switchgear, fuses, transformers, and circuit breakers. While the overall electrical index experienced a nominal increase of 1.0% in the first quarter of 2024, the weighted average index suggests a potentially concerning trajectory for the rest of the year.
Read the Q2 Outlook to gain deeper insights into the following macro trends:
- What is the current trend for copper pricing?
- How will rising switchgear costs affect the supply chain?
- How will the unexpected global economic strength impact prices and product availability?
- Will India’s surprising growth sway the electrical supply chain?
For electrical and HVAC contractors, several factors could impact demand for projects and associated bids:
- How will the election year influence electrical project demand and pricing?
- Which U.S. counties are expected to have the largest growth in electrical projects? Three counties in Texas made the top 10 list.
- Will interest rates have a material impact on commercial projects in 2024?
- Should I consider stocking up on certain electrical supplies?