The Indianapolis metro is seeing a nice mix of commercial, institutional and industrial construction. The largest construction project underway that EM’s editors found is the $2.25-billion Eli Lilly Medicine Foundry in Lebanon, IN, an Indianapolis suburb. Also of note are the $571-million Signia Hotel project underway in Indianapolis and the $187-million Purdue University Academic Success Building being built in West Lafayette, IN.
SALES ESTIMATES
2025 Total Electrical Sales Estimate: $1,163.3 million
Electrical Contractor $ Potential Estimate: $672.5 million
Industrial $ Sales Potential Estimate: $258.2 million
BUILDING PERMITS
Single-Family: 5,676 permits
Multi-Family: 973 permits
POPULATION GROWTH
Population Estimate 2024: 2,174,833
# Change 2023-2024: 26,661
# Change 2020-2024: 81,969
New Residents per Day: 49.5
Electrical Wholesaling's Top 10 Local Markets to Watch gives you a taste of the mountain of electrical market sales estimates and other local market data available at Electrical Marketing newsletter for just $99 per year. This data includes:
- Local market sales estimates, building permits and population data for more than 300 other Metropolitan Statistical areas
- The Electrical Price Index (EPI) - A monthly compilation of pricing trends for more than 20 key electrical product groups
- Annual product sales estimates from 16 key electrical products
Sources of market data: Local market data collected by Metropolitan Statistical Area (MSA) and county. Sales estimates developed with sales-per-employee multipliers from Electrical Wholesaling’s Market Planning Guide ($78,775 per electrical contractor employee and $2,650 per industrial employee) and employment data from the U.S. Bureau of Labor Statistics. Building permit and population data downloaded from U.S. Census Bureau website.
About the Author
Jim Lucy
Editor-in-Chief of Electrical Wholesaling and Electrical Marketing
Jim Lucy has been wandering through the electrical market for more than 40 years, most of the time as an editor for Electrical Wholesaling and Electrical Marketing newsletter, and as a contributing writer for EC&M magazine During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement.
Before becoming an editor for Electrical Wholesaling and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted with his wife and three sons in the fertile plains of Kansas for the past 30 years.