Race to Modernize

Low-Voltage & Security

More tech-exposed than pure trades (some remote/monitoring), but recurring monitoring contracts = strong lock-in and revenue expansion. High data-amplification.

76.3
Index score
72.2
AI-Resilience
how safe the work is from AI
80.3
AI-Leverage
profit AI can unlock
$10.0M
Median revenue

The numbers

What a low-voltage shop actually runs on. Published figures retain their citations and confidence badges. Research-pass counts describe repeated review runs, not independent evidence.

$29.98/hr
Median wage6 research passes · official source
22.4%
Job gross margin3 research passes · medium
14.2%
Recurring revenue5 research passes · verified
818,700
US employment6 research passes · official source
$10.0M
Median company revenue
Customer economics

What could one customer property be worth to your trade?

Estimate one property, then compare the same scoped method with Level's measured building stock across all 50 states, DC, and 100 metros. Commercial and residential evidence stay separate, and every planning assumption is editable.

Value a commercial buildingValue a homeBrowse state and metro opportunity data

Download the canonical 2,265-row CSV. TradeIndex links to Level's source rather than copying the matrix.

The two axes

AI-Resilience

72.2
Physical/on-site coreHow much of the paid work requires hands-on, on-site skilled labor an AI agent cannot perform.
72
Disintermediation resistanceHow hard it is for an AI agent or platform to bypass the contractor and go direct.
68
AI-native entry barrierLicensing, trust, relationships, and physical presence that block AI-native new entrants.
70
Customer lock-inService agreements, recurring maintenance, and relationships that retain customers.
80

AI-Leverage

80.3
Coordination/back-office dragShare of cost/time in coordination, estimating, scheduling, billing, the work AI can orchestrate.
78
Operating-leverage step-changeMargin recoverable from mis-costed jobs, rework, billing lag, and cash trapped in open work.
76
Revenue expansionUpside from better bidding, pull-through, and new service lines AI can unlock.
86
Domain-data amplificationHow much the trade's proprietary job data compounds in value with AI (Level's core thesis).
84

Sub-score weights and definitions: methodology.

What does a low-voltage and security business sell for?

Low-Voltage & Security businesses sell for 3x to 11.8x EBITDA, averaging 11.7x. The multiple is set mostly by scale: small owner-operator shops (sub-$2M) trade at 3x to 5x, while scaled platforms ($3M-$10M+) reach 8x to 11.8x. Based on 2026 transactions. That places low-voltage and security 3 of 13 trades on the index by top-of-range multiple.

Source: Capstone Partners, 'Security Solutions M&A Update' (2026) · 5 research passes

Valuation multiples have shown strong resilience, averaging 11.7x-11.8x EV/EBITDA and 2.2x-2.9x EV/Revenue, outperforming broader middle-market M&A benchmarks.
Source: Capstone Partners & Security Sales & Integration, Security Solutions M&A Analysis (2026)
Buyer tierCompany size (EBITDA)EV/EBITDA multiple
Tuck-in / add-onsub-$2M3x to 5x
Regional platform$2M-$5M5.5x to 8.5x
National platform$3M-$10M+8x to 11.8x
Valuation multiples vary significantly with business scale and revenue quality. Small, project-only low-voltage cabling contractors or sub-$2M EBITDA single-state integrators trade at 3.0x-5.0x EBITDA. Regional integrators generating $2M-$5M EBITDA with recurring service or monitoring revenue trade at 5.5x-8.5x EBITDA, while platform-grade middle-market security integration companies ($3M-$10M+ EBITDA) reach 8.0x-11.8x+ EBITDA.
Source: CT Acquisitions, 'Commercial Security Integration Valuation Guide' (2026),; Capstone Partners, 'Security Solutions M&A Update' (2026)
Who is buying, and what they pay for

Buyer demand for US low-voltage and security integration businesses is robust, driven primarily by private equity roll-up platforms, which accounted for 45.9% of sector transactions in 2025, and strategic buyers seeking geographic and service-line expansion. Buyers value target companies with strong recurring revenue (RMR/ARR from subscription monitoring and managed SaaS/HaaS offerings), unified 'one-stop-shop' integration capabilities (spanning physical security, access control, fire & life safety, and low-voltage systems), cloud and AI technology integration, and diversified client bases.

Source: Capstone Partners, Security Solutions Sector Update (2026)

Named acquirers. Major private equity-backed platforms and public company acquirers actively rolling up the commercial low-voltage, security, and fire safety space include: (1) Pye-Barker Fire & Safety (backed by Altas Partners and Leonard Green & Partners, with ADIA and GIC acquiring minority stakes in 2025) - the leading U.S. commercial fire protection, security alarm, and low-voltage platform, completing 57 acquisitions in 2025 alone and over 64 total add-on deals (Altas Partners, 2025, https://www.altas.com/; PE Hub, 2024, https://www.pehub.com/); (2) Pavion (backed by Wind Point Partners) - an active platform for fire, security, critical communications, and commercial low-voltage installation services that has completed 19+ add-on acquisitions since 2020 (Wind Point Partners, 2023, https://www.wppartners.com/; PE Hub, 2023, https://www.pehub.com/); (3) Convergint Technologies (backed by Ares Management, Leonard Green & Partners, and Harvest Partners) - a global service-based systems integrator in security, life safety, and low-voltage building automation that has executed over 50 acquisitions (Leonard Green & Partners, 2021, https://www.leonardgreen.com/; Crain Currency, 2025, https://www.craincurrency.com/); (4) Sciens Building Solutions (backed by The Carlyle Group) - an integrated low-voltage, security, and fire detection platform executing aggressive regional bolt-on acquisitions nationwide (SDM Magazine, 2024, https://www.sdmmag.com/; Lincoln International, 2026, https://www.lincolninternational.com/); and (5) APi Group Corporation (NYSE: APG) - a publicly traded market-leading provider of safety and electronic security services that acquired Chubb Fire & Security for $3.1 billion in 2022 and continues active bolt-on M&A (SEC Filing, 2021, https://www.sec.gov/; APi Group, 2026, https://www.apigroupcorp.com/).

Source: Altas Partners (2025), Wind Point Partners (2023), PE Hub (2023/2024), Leonard Green & Partners (2021), SDM Magazine (2024), Lincoln International (2026), SEC Filings (2021), and APi Group Corporation Press Release (2026)

A multiple is applied to adjusted EBITDA, and for most contractors that earnings figure is the contested part: job costing that misallocates labor, untracked work in progress, and un-normalized owner compensation all move it before any multiple applies, and a buyer recomputes it in diligence. Level CFO publishes the operating side of that, contractor margin and cash benchmarks by trade. Compare every trade’s multiple side by side on what trade businesses sell for.

The research

Published numbers retain citations from public sources such as BLS/OEWS, licensing boards, permit records, and public filings. Badges show confidence and repeated research-pass counts. Pass counts are workflow metadata, not counts of independent evidence sources.

Labor & workforce

Wages & compensation

Median Hourly Wage6 research passes · official source$29.98
Median Annual Wage6 research passes · official source$62K
Pct25 Hourly Wage6 research passes · high confidence$23.47
Pct75 Hourly Wage6 research passes · high confidence$39.29
Pct90 Hourly Wage6 research passes · high confidence$50.98
Pct10 Hourly Wage6 research passes · high confidence$18.96
Sources (2)
  • U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2024
  • U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) / Occupational Outlook Handbook (OOH), May 2024

Employment

Us Employment6 research passes · official source818,700
Projected 10yr Growth6 research passes · official source9.5%
Annual Openings6 research passes · official source81,000
Projected 10yr Net Change6 research passes · official source77,400
Sources (1)
  • U.S. Bureau of Labor Statistics, Occupational Outlook Handbook (

Labor shortage

Unfilled Openings5 research passes · medium292,000
Vacancy Rate4 research passes · medium3.5%
Vacancy Rate Pct Shared Across7%

Shortage Note. Associated Builders and Contractors (ABC) estimates that the U.S. construction sector, including specialty trade contractors, must attract 349,000 net new workers in 2026 and 456,000 in 2027 to balance labor supply and demand, with significant demand driven by specialized technical roles such as electricians and low-voltage systems installers for data center and smart facility infrastructure.

Vacancy Rate Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 7 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (3)
  • U.S. Bureau of Labor Statistics (BLS) JOLTS via Associated Builders and Contractors (2026)
  • U.S. Bureau of Labor Statistics (BLS), Job Openings and Labor Turnover Survey (JOLTS), 2026
  • Associated Builders and Contractors (ABC), 2026

Workforce aging

Median Worker Age6 research passes · official source39.1
Pct Over 556 research passes · official source15.5

Retirement Note. According to the National Electrical Contractors Association (NECA), approximately 30% of the electrician and low-voltage electrical workforce is nearing retirement age, with an estimated 10,000 workers retiring annually against 7,000 new industry entrants.

Sources (3)
  • U.S. Bureau of Labor Statistics, Current Population Survey (CPS), Table 11b: Employed persons by detailed occupation and age (Security and fire alarm systems installers)
  • U.S. Bureau of Labor Statistics, Current Population Survey (CPS), Table 11b: Employed persons by detailed occupation and age (Security and fire alarm systems installers; 9,000 workers aged 55+ out of 58,000 total)
  • National Electrical Contractors Association (NECA) Workforce Study / Electrical Contractor Magazine (2024)

Training pipeline

Apprenticeship Enrollment3 research passes · medium4,088
Annual Completions2 research passes · verified1,794

Pipeline Gap Note. The U.S. Bureau of Labor Statistics projects 9,400 annual job openings for Security and Fire Alarm Systems Installers (SOC 49-2098), whereas a Security Industry Association (SIA) workforce survey revealed 71% of industry respondents find it difficult or very difficult to recruit qualified entry-level technicians, highlighting a substantial deficit between apprenticeship completion outputs and annual trade demand.

Sources (3)
  • U.S. Department of Labor, Employment and Training Administration, 'Registered Apprenticeship National Results Fiscal Year 2021', 2021
  • U.S. Department of Labor, Employment and Training Administration (ETA), Registered Apprenticeship Partners Information Database System (RAPIDS), 'FY 2020 Registered Apprenticeship National Results' (Telecommunications Technician Completers/Graduates), 2021
  • U.S. Bureau of Labor Statistics / CareerOneStop, 'Security and Fire Alarm Systems Installers Occupational Employment Projections 2024-2034', 2024, Security Industry Association / U.S. Chamber of Commerce, 'America Works Workforce Survey Report', 2021

Immigration reliance

Pct Foreign Born5 research passes · medium32.5

Visa Dependence Note. Technical electrical and security/alarm installation trades draw fewer foreign-born workers (16%) compared to general construction trades (33%) due to formal training and occupational licensing requirements. Additionally, U.S. visa policies offer few pathways for year-round trade labor: H-2B temporary non-agricultural visas are subject to strict annual caps and limited to seasonal/temporary need, while H-1B visas require a four-year bachelor's degree, leaving specialty contractors with minimal dedicated visa pipelines.

Sources (2)
  • National Association of Home Builders (NAHB) analysis of U.S. Census Bureau American Community Survey (ACS) Public Use Microdata Sample (PUMS) data for construction trades overall (32.5%), cross-checked against detailed ACS occupation breakdowns for specialized electrical, security, and telecommunications installers (12.0% - 16.0%). NAHB source: ; U.S. Census Bureau ACS source:
  • National Association of Home Builders (NAHB)

Unionization

Union Membership5 research passes · high confidence8.6%

Prevailing Wage Note. Under the Davis-Bacon and Related Acts (DBRA), low-voltage, security, and fire alarm installation on covered public construction projects exceeding $2,000 is subject to prevailing wage requirements. DOL Wage and Hour Division (WHD) wage determinations published on SAM.gov list prevailing rates for these trades, frequently under specialized classifications such as 'Sound & Communications Technician' or 'Telecommunications / Low Voltage Technician' derived from IBEW collective bargaining agreements, or requiring a formal WHD conformance request if a distinct low-voltage classification is omitted.

Sources (2)
  • Union Membership and Coverage Database from the CPS (unionstats.com)
  • U.S. Department of Labor Wage and Hour Division (DOL WHD), Davis-Bacon and Related Acts Guidance & SAM.gov Wage Determinations (2026)

Licensing & credentials

States Requiring License3 research passes · high confidence48

Bonding Note. Bonding and insurance requirements vary by state and local jurisdiction. State regulatory data indicates that 14 jurisdictions require an explicit surety bond filed prior to low-voltage license issuance (bond amounts commonly range from $4,000 in Washington to $25,000 in California and North Carolina), alongside mandatory commercial general liability insurance typically required between $100,000 and $500,000.

Reciprocity Note. License reciprocity specifically for low-voltage and security system technicians is extremely limited nationwide. Currently, 0 states accept the NASCLA Accredited Examination as a direct reciprocal pathway for low-voltage technician credentials, though select states maintain bilateral reciprocity agreements for general electrical licenses.

Sources (2)
  • ContractorLicenseRequirements.com (
  • ContractorLicenseRequirements.com, 2026

Market structure & size

Market size

Market Size3 research passes · high confidence$41.2B
Cagr3 research passes · medium3.2%
Cagr Forecast Window2021-2026
Sources (1)
  • IBISWorld, Security System Services in the US, 2026

Firm counts

Num Establishments6 research passes · official source81,842
Num Firms6 research passes · official source79,611
Avg Employees Per Firm6 research passes · official source11.96
Sources (1)
  • U.S. Census Bureau, Statistics of U.S. Businesses (SUSB) (

Firm-size distribution

Pct Firms Under 1m3 research passes · official source77.58
Pct Firms 1m 5m3 research passes · limited support18.28
Pct Firms 5m 20m2 research passes · verified5.52
Pct Firms Over 20m2 research passes · verified1.49
Pct Nonemployer2 research passes · official source68.505
Sources (4)
  • U.S. Census Bureau, 2007 Economic Census, Establishment and Firm Size: Receipts/Revenue Size of Firms for the United States (EC0723SSSZ4)
  • U.S. Census Bureau, 2022 Statistics of U.S. Businesses
  • U.S. Census Bureau, Statistics of U.S. Businesses (SUSB), Data by Enterprise Receipts Size
  • Trade Economy Index research synthesis: median of 1 cited research input: U.S. Census Bureau, Nonemployer Statistics (NES) / CPWR Construction Chart Book 7th Edition

Fragmentation

Top50 Firm Share4 research passes · medium58%
Mom And Pop Share NoteSmall/mom-and-pop operators generating under $3 million in annual revenue account for approximately 71% of security systems establishments in NAICS 561621.
Sources (2)
  • Vertical IQ, 'Security System Services (NAICS 561621) Industry Profile' (2026)
  • CT Acquisitions, 'The Security Integration Acquisition Market: What Buyers Need to Know' (2024 analysis of U.S. Census Bureau County Business Patterns 2022 & IBISWorld 2024 data)

Franchise penetration

Franchise Trend Note. The U.S. security systems and low-voltage industry features low market share concentration and high fragmentation, dominated by independent operators, regional integrators, and corporate dealer programs rather than traditional franchise models, while private equity consolidation of independent service platforms continues to increase.

Sources (1)
  • IBISWorld, Security System Services in the US (NAICS 56162), 2026

Business formation rate

Annual New Firm Formation4 research passes · limited support45,344.75
Annual Closure Rate4 research passes · limited support8.395%
Survival 5yr4 research passes · limited support53.9%
Sources (3)
  • Trade Economy Index research synthesis: median of 1 cited research input: U.S. Census Bureau, Business Formation Statistics (BFS), Business Applications by Industry (Construction, NAICS 23)
  • Trade Economy Index research synthesis: median of 1 cited research input: U.S. Census Bureau, Business Dynamics Statistics (BDS), Establishment Exit Rate (Construction Sector, NAICS 23)
  • U.S. Bureau of Labor Statistics, Business Employment Dynamics (BED) -

Unit economics

Margins

Gross Margin3 research passes · medium22.4%
Operating Margin3 research passes · high confidence7.1%
Gross Margin Pct Shared Across9%
Operating Margin Pct Shared Across14%

Gross Margin Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 9 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Operating Margin Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 14 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (2)
  • CFMA 2025 Construction Financial Benchmarker (Specialty Trade Contractors), 2024
  • CFMA 2025 Construction Financial Benchmarker (EBIT Margin), 2024

Cost structure

Labor Pct Of Revenue3 research passes · high confidence28.6
Materials Pct Of Revenue3 research passes · medium34.6
Sga Overhead3 research passes · medium10.1%
Sources (2)
  • IBISWorld Security System Services in the US Industry Report, 2016
  • EMCOR Group, Inc. 2025 Form 10-K, 2026

Productivity

Revenue Per Employee5 research passes · medium$256K
Billable Utilization3 research passes · medium60%
Sources (2)
  • IBISWorld, Industry Report 238210: Electrical Contractors and Other Wiring Installation Contractors in the US (2025)
  • D-Tools, True Cost of a Truck Roll: Labor Utilization Benchmarks for Integration Firms (2025)

Seasonality

Peak Period Note. Peak revenue typically occurs during the third and fourth calendar quarters (summer and fall). Favorable weather conditions allow for higher demand and productivity on outdoor low-voltage and specialty wiring projects, while commercial customers accelerate project completions to spend capital budgets before year-end. For residential security services, installation and new customer additions peak during the second and third quarters to coincide with peak household relocation cycles.

Cyclicality Note. Revenue and operating results are highly sensitive to overall economic cycles, commercial construction activity, business capital spending, and residential housing turnover. Business operations also experience weather-related cyclical exposure: severe winter weather, rain, and freezing conditions in Q1 cause outdoor job site delays and inefficient overhead recovery, whereas extreme weather events increase service calls and customer support costs.

Sources (1)
  • APi Group Corporation Form 10-K (2025) -

Cash & working capital

Cash cycle

Dso Days5 research passes · medium56.6 days
Dpo Days5 research passes · high confidence33 days
Cash Conversion Cycle Days3 research passes · medium45 days
Dpo Days Shared Across8
Dso Days Shared Across11
Cash Conversion Cycle Days Shared Across4

Dpo Days Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 8 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Dso Days Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 11 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Cash Conversion Cycle Days Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 4 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (3)
  • CFMA 2024 Construction Financial Benchmarker (Specialty Trade Contractors), Construction Financial Management Association (2024)
  • CFMA Construction Financial Benchmarker (Specialty Trade Contractors)
  • APi Group Corporation Form 10-K / Financial Disclosures, SEC EDGAR, 2024

Retainage & liens

Typical Retainage1 research pass · medium10%
Payment Dispute1 research pass · medium68%
Typical Retainage Pct Shared Across11

Typical Retainage Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 11 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (2)
  • Construction Financial Management Association (CFMA), 2026
  • Construction Financial Management Association (CFMA), 2023

Bad debt

Bad Debt Write Off6 research passes · verified3.76%
Collection Rate6 research passes · medium85.1%
Collection Rate Pct Shared Across23%

Collection Rate Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 23 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (2)
  • ADT Inc. 2024 Form 10-K (filed Feb 27, 2025; URL: ) reports a provision for credit losses of $187.361M on $4,981.878M total revenue (3.76%). Cross-checked against EMCOR Group, Inc. 2024 Form 10-K (filed Feb 20, 2025; URL: https://www.sec.gov/ix?doc=/Archives/edgar/data/0000105663/000010566325000009/eme-20241231.htm), which reports a provision for credit losses of $17.303M on $14,380M total revenue (0.12%).
  • Level CFO, State of Contractor Finance 2026

AI exposure & technology

AI task exposure

Pct Physical Onsite Work3 research passes · verified80.8

Task Breakdown Note. Physical on-site labor includes mounting control panels, running wiring through walls and roofs, feeding cables, drilling holes, positioning equipment, and testing circuits. Cognitive, coordination, and back-office tasks include examining building plans and electrical blueprints, determining material requirements, providing cost estimates, preparing invoices, planning procedures, and documenting operational activities.

Ai Resistant Work. Physical, on-site manual tasks in the low-voltage and physical security trade remain highly resistant to AI automation due to physical labor demands, dynamic field environments, and specialized hand tool work. Core AI-resistant tasks include: (1) Physical installation and routing of structured cabling, fiber optics, conduit, cable trays, J-hooks, drop-ceiling runs, and tight plenum pathways; (2) Mechanical mounting and wiring of physical hardware, including IP security cameras, access control door strikes, magnetic locks, card readers, fire alarm panels/strobes, and AV racks; (3) On-site hardware troubleshooting, wire tracing, physical circuit testing, OTDR fiber testing, and manual camera lens aiming/focusing; and (4) Code compliance and hands-on craftsmanship mandated by local building codes (NEC, NFPA 70/72/731) that require certified, physical human labor.limited support

Automatable Work. Back-office administration, pre-construction workflows, estimating, and service coordination are the most automatable tasks in the trade. Core automatable tasks include: (1) Estimating and Drawing Takeoffs: AI software automatically parses PDF blueprints to detect and tally device symbols (cameras, WAPs, card readers), calculate linear horizontal cable run lengths, extract panel schedules, calculate wire sizing, and assess voltage drop; (2) Scheduling and Field Dispatch: AI routing tools automate technician job scheduling, field route optimization, and crew resource allocation; (3) Administrative and Financial Workflows: Automated expense capture and categorization from emails/invoices, progress-based invoicing, automatic RFI generation, and contract review; and (4) Inbound Communications: AI-driven call-handling and lead capture systems to manage after-hours service requests and prevent missed customer calls.limited support

Sources (3)
  • U.S. Bureau of Labor Statistics, Occupational Requirements Survey (2025)
  • U.S. Department of Labor, O*NET OnLine: 49-2098.00 - Security and Fire Alarm Systems Installers (2026)
  • Drawer AI, 'AI for Electrical Takeoff and Estimating', 2026, | Exayard, 'AI-Powered Low-Voltage & AV Takeoff Software', 2026, https://exayard.com | EstiMatrx.ai, 'Low Voltage Estimating Software for Drawing Review', 2026, https://estimatrx.ai | Panel AI, 'Intelligent Workflows Built for Low Voltage & Security Contractors', 2026, https://panelai.app | ELECTRICAL CONTRACTOR Magazine / Revco, 'Harnessing AI to Empower Electrical Contractors', 2026, https://www.ecmag.com | Deloitte / Drawer AI, 'State of Digital Adoption in the Construction Industry', 2025, https://drawer.ai | Security Industry Association (SIA), 'AI in Physical Security & Security Systems Technician Apprenticeship', 2025, https://www.securityindustry.org | Security 101 / Kenton Brothers Systems, 'AI in Physical Security: Real-World Impact and Integration Strategy', 2025, https://www.security101.com

Field-service software

Fsm Adoption1 research pass · medium67%
Dominant Fsm SoftwareServiceTitan, Jobber, Service Fusion, Bold Group (Managely), SedonaOffice, UpKeep
Sources (2)
  • Trade Economy Index research synthesis: median of 1 cited research input: Business Research Insights, 2026
  • Contractor Software Hub, 2026

Accounting technology

Common Accounting Software. In the low-voltage, security, and specialty trade contracting trade, the most common accounting and ERP systems include Sage (Sage 100 Contractor, Sage 300 CRE, Sage Intacct), Viewpoint (Trimble), Intuit QuickBooks, Foundation Software, and trade-specific platforms like SedonaOffice / Managely (Bold Group). According to contractor surveys, Sage leads accounting software adoption at 21.3% of firms, followed by Viewpoint at 19.8%, custom in-house software at 7.8%, QuickBooks at 5.2%, and Foundation Software at 4.9%.

Integration Gap Note. A significant field-to-accounting integration gap exists across specialty and trade contractors. Survey findings show that 23.6% of contractors have no integrated software applications in their tech stack, over 50% must manually transfer data between field/operations software and back-office accounting applications due to a lack of integration, and 15.3% do not transfer data between applications at all. This lack of integration forces high rates of manual data re-entry, which consumes up to 27 hours per month per team and leads to error rates of roughly 20% in manually processed reports.

Sources (2)
  • JBKnowledge Annual Construction Technology Report (2021, published 2022) - SDM Magazine (2024) -
  • JBKnowledge Annual Construction Technology Report (2021, published 2022) - Premier Construction Software Industry Report (2026) -

AI adoption

Ai Adoption Rate3 research passes · limited support56%

Adoption Examples. Documented examples and studies demonstrating AI adoption in the low-voltage and security contracting trade include: (1) Drawer AI (2026) - Built for electrical and low-voltage contractors to automate PDF blueprint takeoffs, branch routing, wire sizing, and voltage-drop calculations; (2) Exayard and EstiMatrx.ai (2026) - Specialized AI takeoff tools that automatically count security, AV, and cabling devices, measure cable pathways, and quantify infrastructure from architectural plans; (3) Panel AI (2026) - An automated workflow platform designed for low-voltage contractors that extracts device counts from plans, parses panel schedules from spec books, categorizes supplier expenses, and manages job costing; (4) Deloitte Construction Study (2025) - Reported an increase in AI integration among construction and trade firms from 26% in 2023 to 37% by 2025, driven by automated takeoff and field documentation tools; and (5) Security Industry Association (SIA) & Integrator Reports (2025-2026) - Documenting the widespread integration of AI edge video analytics (Axis, Hanwha Vision) and launching the SIA Security Systems Technician (SST) Apprenticeship Program to train low-voltage technicians on AI-enabled security hardware and network integration.limited support

Sources (2)
  • Security Industry Association (SIA), State of the Security Industry Survey, 2024
  • Drawer AI, 'AI for Electrical Takeoff and Estimating', 2026, | Exayard, 'AI-Powered Low-Voltage & AV Takeoff Software', 2026, https://exayard.com | EstiMatrx.ai, 'Low Voltage Estimating Software for Drawing Review', 2026, https://estimatrx.ai | Panel AI, 'Intelligent Workflows Built for Low Voltage & Security Contractors', 2026, https://panelai.app | ELECTRICAL CONTRACTOR Magazine / Revco, 'Harnessing AI to Empower Electrical Contractors', 2026, https://www.ecmag.com | Deloitte / Drawer AI, 'State of Digital Adoption in the Construction Industry', 2025, https://drawer.ai | Security Industry Association (SIA), 'AI in Physical Security & Security Systems Technician Apprenticeship', 2025, https://www.securityindustry.org | Security 101 / Kenton Brothers Systems, 'AI in Physical Security: Real-World Impact and Integration Strategy', 2025, https://www.security101.com

Channel & disintermediation

Lead-gen platforms

Marketplace Penetration5 research passes · high confidence1.5%
Platform Take Rate5 research passes · high confidence10%
Marketplace Penetration Pct Shared Across11
Platform Take Rate Pct Shared Across13%

Platforms Note. Angi reports an average lead cost of ~$50 against an average job value of ~$4,000 (with pros winning ~1 in 7 to 1 in 8 leads), while low-voltage and security installation leads on Thumbtack and Angi range from $10 to $80+ per lead depending on scope.

Marketplace Penetration Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 11 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Platform Take Rate Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 13 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (2)
  • Angi Inc., Q1 2026 Shareholder Letter & Earnings Call (2026)
  • Angi Inc., Q1 2026 Shareholder Letter (2026), Thumbtack Pro Trade Pricing Analysis (2025), https://www.thumbtack.com

Customer-acquisition mix

Pct Referral4 research passes · medium39
Pct Digital4 research passes · medium20
Pct Marketplace3 research passes · medium4
Pct Repeat2 research passes · medium37
Sources (4)
  • CE Pro, 2022 CE Pro Resimercial Deep Dive Study
  • National Association of Home Builders (NAHB) / Builders Institute Home Technology Report (2021) -
  • CE Pro Whole-House/Multiroom Audio Deep Dive Study (2020)
  • Sonos, Inc. SEC Form 10-K (2025)

Insurance & warranty

Home Warranty Penetration6 research passes · official source6%
Home Warranty Penetration Pct Shared Across6

Intermediation Note. Home warranty and service contract platforms intermediate the contractor-customer relationship by dispatching work primarily through preferred contractor networks (completing 85% of Frontdoor service requests in 2024), controlling fixed trade service fees, and enforcing strict coverage limits or exclusions (e.g., capping low-voltage wiring at $300-$500 and routinely excluding standalone smart security cameras and devices), positioning the provider as the primary gatekeeper for pricing, authorization, and dispatch.

Home Warranty Penetration Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 6 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (1)
  • Frontdoor, Inc., 2024 Form 10-K (2025)

Lock-in & expansion

Recurring-revenue mix

Recurring Revenue5 research passes · verified14.2%
Service Agreement Attach2 research passes · medium37.5%

Recurring Note. ADT Inc. reported $4,293 million in Monitoring and Related Services recurring revenue out of $4,898 million total revenue in FY2024 (87.6%). Alarm.com reported $631.2 million in SaaS and license recurring revenue out of $939.8 million total revenue in FY2024 (67.2%). Johnson Controls reported a 40% global service agreement attach rate across building controls, fire, security, and HVAC services in FY2021.

Sources (3)
  • National Systems Contractors Association (NSCA) Financial Analysis of the Industry Report, cited in Commercial Integrator (2025)
  • Trade Economy Index research synthesis: median of 2 cited research inputs: Johnson Controls International plc Investor Presentation (2021), | Johnson Controls International plc Q1 2021 Earnings Call (January 29, 2021
  • ADT Inc. Form 10-K (2024), Alarm.com Holdings, Inc. Form 10-K (2024), https://www.sec.gov; Johnson Controls International plc Investor Presentation (2021), https://www.sec.gov

Contract terms

Typical Contract Length Months6 research passes · high confidence36
Renewal Rate6 research passes · high confidence87.65%

Stickiness Note. Contracts exhibit strong customer lock-in driven by automatic renewal clauses (converting to successive 30-day or annual term extensions), early termination fees requiring payment of a substantial percentage of remaining monthly payments, and hardware cost amortization embedded in long-term recurring monthly revenue (RMR) agreements.

Sources (2)
  • ADT Inc., Form 10-K for the Fiscal Year Ended December 31, 2025 (2026)
  • Trade Economy Index research synthesis: median of 5 cited research inputs: Alarm.com Holdings, Inc. Form 10-Q for the Quarterly Period Ended March 31, 2026, SEC EDGAR: | ADT Inc. Full Year 2024 Earnings Release & Form 10-K (2025) - https://investors.adt.com (reporting 12.7% gross customer revenue attrition, yielding an 87.3% retention/renewal rate) cross-checked with Vivint Smart Home, Inc. Form 10-K (2023) - https://www.sec.gov (reporting 11.2% attrition, or 88.8% retention) | ADT Inc. Form 10-K (2025), https://www.sec.gov/edgar/searchedgar/companysearch | ADT Inc., 2025 Annual Report Form 10-K (published 2026), https://www.sec.gov/edgar | Robert H. Perry & Associates U.S. Contract Security Market Report (2023, https://www.roberthperry.com) and Security Sales & Integration / Barnes Buchanan & Co. (2024, https://www.securitysales.com

Cross-sell & expansion

Upsell Attach3 research passes · medium90%

Cross Sell Note. US low-voltage and security integrators are moving away from standalone systems toward unified platform aggregation and end-to-end solutions. Industry norms for adjacent-service expansion prioritize combining core physical security with access control, AI video analytics, fire/life safety inspections, and cloud IoT monitoring to build recurring monthly revenue (RMR) and improve customer retention.

Sources (2)
  • ADT Inc., 2023
  • Security Sales & Integration, 2025

Entry barriers & data

Capital intensity

Startup Cost6 research passes · medium$183K
Capex Pct Of Revenue6 research passes · verified3.42

Equipment Note. Operations require fully equipped service vans/trucks, specialised low-voltage hand and power tools, wire-pulling and termination equipment, digital multimeter and signal testing devices, programming laptops, initial hardware inventory (access control panels, CCTV cameras, sensors), and a small office or flex warehouse space for inventory staging.

Sources (3)
  • Security 101 Franchise Disclosure Document (FDD), Item 7 Estimated Initial Investment Range ($130,100 - $235,000), 2022
  • ADT Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (filed February 27, 2025), Consolidated Statements of Cash Flows and Operations ($175.75M purchases of property and equipment on $5,140M total revenue)
  • Security 101 Franchise Disclosure Document (FDD), Item 7, 2022

Regulatory burden

Permit Burden Note. Low-voltage and security contractors face a multi-layered regulatory and permitting landscape. Code compliance is anchored in NFPA 70 (National Electrical Code), specifically Article 725 for power-limited signaling circuits and Article 760 for fire alarm systems. States enforce dedicated trade classification licenses, such as California's C-7 Low Voltage Systems Contractor license or Georgia's State Construction Industry Licensing Board (SCULB) extra-low voltage license, for work under 50V-91V. Municipal Authorities Having Jurisdiction (AHJs) require local electrical/alarm permits, preliminary plan reviews, and post-installation inspections prior to final sign-off.

Compliance Cost Note. Compliance context includes state and local licensing fees ($250-$330 initial application fees, $150-$200 examination fees, and $200-$250 biennial renewal fees), mandatory general liability insurance ($300,000-$500,000 minimums), and contractor surety bonds ($5,000). Operators must also absorb costs for employee trade certifications (such as NICET Level II for fire alarms or ESA Certified Alarm Technician credentials) and ongoing continuing education obligations (6 to 12 hours required per renewal cycle depending on jurisdiction).

Regulatory Tailwind Note. Market demand is expanding due to three main regulatory drivers: (1) Federal NDAA Section 889 (2 CFR § 200.216) bans federal agencies and grant recipients from utilizing covered foreign video surveillance equipment (e.g., Hikvision and Dahua), forcing extensive rip-and-replace equipment updates; (2) State-level Alyssa's Law statutes (enacted in over 11 states including NJ, FL, GA, and VA) mandate silent panic alarm systems directly connected to law enforcement in K-12 public schools; and (3) Commercial building energy standards (ASHRAE Standard 90.1, IECC, and California Title 24) mandate low-voltage occupancy sensors, daylight harvesting controls, and automated building management integration.

Sources (3)
  • Electronic Security Association (ESA) & California Electrical Authority (2023/2026), and https://californiaelectricalauthority.com
  • Contractor License Requirements & Peerless Institute Licensing Analysis (2025/2026), and https://peerlessinstitute.com
  • Security Industry Association (SIA) & IndexBox Building Code Market Analysis (2023-2026), and https://indexbox.io

Data assets

Iot Telemetry Penetration5 research passes · medium53%

Data Assets Note. The low-voltage and security trade accumulates structured asset and job data including access control authentication logs, video analytics and camera health telemetry, intrusion alarm triggers, device configuration and firmware statuses, and integrated environmental and perimeter sensor readings used for unified security operations.

Sources (2)
  • Genetec, State of Physical Security 2026 Report, 2026, (cross-checked with SDM Magazine, 2026 Industry Forecast, 2026, https://www.sdmmag.com
  • Security Industry Association (SIA), 2025 Security Megatrends Report (2025)

M&A, PE & valuation

Consolidation

Consolidation Activity. The U.S. Low-Voltage, Commercial Security, and Fire & Life Safety trade is undergoing exceptionally intense Private Equity roll-up and consolidation activity. According to Capstone Partners (2026, https://www.capstonepartners.com/), M&A in the Security Solutions sector reached record levels, surging 24.1% year-over-year in 2025 to 242 transactions. Private equity add-on acquisitions represented 45.9% of total sector dealmaking, while new PE platform transactions increased 33.3% YOY to 20 deals. M&A in the Fire & Life Safety and low-voltage integration sub-segment surged 66.7% YOY to 125 deals in 2025, driven by data center expansions, high customer retention, and recurring monthly revenue (RMR). Industry private equity coverage from PE Hub (2023 & 2025, https://www.pehub.com/) confirms that financial sponsors view the highly fragmented low-voltage and security integration market as a top roll-up target due to code-mandated inspection requirements, recession resilience, and multiple arbitrage potential.

Notable Platforms. Major private equity-backed platforms and public company acquirers actively rolling up the commercial low-voltage, security, and fire safety space include: (1) Pye-Barker Fire & Safety (backed by Altas Partners and Leonard Green & Partners, with ADIA and GIC acquiring minority stakes in 2025) - the leading U.S. commercial fire protection, security alarm, and low-voltage platform, completing 57 acquisitions in 2025 alone and over 64 total add-on deals (Altas Partners, 2025, https://www.altas.com/; PE Hub, 2024, https://www.pehub.com/); (2) Pavion (backed by Wind Point Partners) - an active platform for fire, security, critical communications, and commercial low-voltage installation services that has completed 19+ add-on acquisitions since 2020 (Wind Point Partners, 2023, https://www.wppartners.com/; PE Hub, 2023, https://www.pehub.com/); (3) Convergint Technologies (backed by Ares Management, Leonard Green & Partners, and Harvest Partners) - a global service-based systems integrator in security, life safety, and low-voltage building automation that has executed over 50 acquisitions (Leonard Green & Partners, 2021, https://www.leonardgreen.com/; Crain Currency, 2025, https://www.craincurrency.com/); (4) Sciens Building Solutions (backed by The Carlyle Group) - an integrated low-voltage, security, and fire detection platform executing aggressive regional bolt-on acquisitions nationwide (SDM Magazine, 2024, https://www.sdmmag.com/; Lincoln International, 2026, https://www.lincolninternational.com/); and (5) APi Group Corporation (NYSE: APG) - a publicly traded market-leading provider of safety and electronic security services that acquired Chubb Fire & Security for $3.1 billion in 2022 and continues active bolt-on M&A (SEC Filing, 2021, https://www.sec.gov/; APi Group, 2026, https://www.apigroupcorp.com/).

Sources (11)
  • Capstone Partners (2026, ) and PE Hub (2023 & 2025, https://www.pehub.com/
  • Altas Partners (2025, ), Wind Point Partners (2023, https://www.wppartners.com/), PE Hub (2023/2024, https://www.pehub.com/), Leonard Green & Partners (2021, https://www.leonardgreen.com/), SDM Magazine (2024, https://www.sdmmag.com/), Lincoln International (2026, https://www.lincolninternational.com/), SEC Filings (2021, https://www.sec.gov/), and APi Group Corporation Press Release (2026, https://www.apigroupcorp.com/
  • https://www.capstonepartners.com
  • https://www.pehub.com
  • https://www.wppartners.com
  • https://www.altas.com
  • https://www.leonardgreen.com
  • https://www.sdmmag.com
  • https://www.lincolninternational.com
  • https://www.apigroupcorp.com
  • https://www.sec.gov

Valuation multiples

Typical Ebitda Multiple Low4 research passes · high confidence3x
Typical Ebitda Multiple High5 research passes · medium11.8x
Typical Ebitda Multiple Low Shared Across4x

Multiple By Size Note. Valuation multiples vary significantly with business scale and revenue quality. Small, project-only low-voltage cabling contractors or sub-$2M EBITDA single-state integrators trade at 3.0x-5.0x EBITDA. Regional integrators generating $2M-$5M EBITDA with recurring service or monitoring revenue trade at 5.5x-8.5x EBITDA, while platform-grade middle-market security integration companies ($3M-$10M+ EBITDA) reach 8.0x-11.8x+ EBITDA.

Typical Ebitda Multiple Low Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 4 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (3)
  • CT Acquisitions, 'How to Sell a Low-Voltage Company: Valuations & EBITDA Multiples Guide' (2026)
  • Capstone Partners, 'Security Solutions M&A Update' (2026)
  • CT Acquisitions, 'Commercial Security Integration Valuation Guide' (2026), Capstone Partners, 'Security Solutions M&A Update' (2026), https://capstonepartners.com

Exit environment

Buyer Demand. Buyer demand for US low-voltage and security integration businesses is robust, driven primarily by private equity roll-up platforms, which accounted for 45.9% of sector transactions in 2025, and strategic buyers seeking geographic and service-line expansion. Buyers value target companies with strong recurring revenue (RMR/ARR from subscription monitoring and managed SaaS/HaaS offerings), unified 'one-stop-shop' integration capabilities (spanning physical security, access control, fire & life safety, and low-voltage systems), cloud and AI technology integration, and diversified client bases.

Exit Trend. The exit environment for business owners is heating up, reaching historic high activity levels. M&A deal volume in the sector grew 24.1% year-over-year in 2025 to a record high of 238-242 announced or completed transactions. Valuation multiples have shown strong resilience, averaging 11.7x-11.8x EV/EBITDA and 2.2x-2.9x EV/Revenue, outperforming broader middle-market M&A benchmarks.

Sources (5)
  • Capstone Partners, Security Solutions Sector Update (2026)
  • Capstone Partners & Security Sales & Integration, Security Solutions M&A Analysis (2026)
  • https://www.capstonepartners.com
  • https://www.securitysales.com
  • https://www.meridianib.com

Demand & growth

Demand drivers

Installed Base Units5 research passes · limited support5,900,000
Installed Base Units Shared Across15

Replacement Vs New Note. Demand split varies significantly by sub-segment: new construction drives an estimated 60% to 80% of fire detection installations due to mandatory building code compliance for new structures. Conversely, physical security (access control, video surveillance, and intrusion detection) and low-voltage systems are heavily weighted toward replacement, retrofits, and software/hardware upgrades across existing structures, supported by the fact that over 75% of U.S. commercial buildings were constructed before 2000.

Demand Drivers Note. Key demand drivers for low-voltage and security installation include: (1) Technology refresh cycles and digital migration, such as cloud-based access control, mobile credentials, and AI-powered video analytics; (2) IT/OT convergence and cybersecurity requirements across commercial, educational, and critical infrastructure facilities; (3) Macroeconomic construction spending across private nonresidential, public infrastructure, and residential sectors; and (4) Smart building/PropTech adoption integrating physical security with energy management and HVAC systems.

Installed Base Units Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 15 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (3)
  • U.S. Energy Information Administration (EIA), Commercial Buildings Energy Consumption Survey (CBECS), 2022
  • Security Industry Association (SIA) & Omdia, Complexities in the Global Security Market: 2024 Through 2026 Report, 2024
  • Security Industry Association (SIA), 2025 Security Megatrends Report & Operational Security Technology Report, 2025

Macro correlation

Housing Correlation Note. Demand for residential low-voltage and security systems (such as home security, smart automation, fire alarms, and structured cabling) correlates strongly with residential construction activity. U.S. Census Bureau data demonstrates that housing starts serve as a leading macro indicator for new low-voltage system installation demand, which expands as new housing units move from framing to finishing stages.

Commercial Correlation Note. Demand for commercial low-voltage systems (including video surveillance, electronic access control, intrusion detection, building automation, and fiber optic cabling) correlates directly with nonresidential commercial construction spending. According to FRED and U.S. Census Bureau data, commercial construction spending functions as a coincident macro driver for low-voltage system deployments during interior fit-outs and infrastructure commissionings.

Climate Sensitivity Note. Climate and weather extremes create direct operational sensitivity and drive demand for resilient low-voltage, backup power, and environmental monitoring infrastructure. The U.S. Department of Energy (DOE) highlights extreme heat, severe storms, flooding, and wildfires as severe risks to building operations and mission-critical assets, driving investment in resilient low-voltage automation, security, microgrid monitoring, and climate-hardening retrofits.

Sources (3)
  • U.S. Census Bureau and U.S. Department of Housing and Urban Development, Monthly New Residential Construction (2026), FRED, Federal Reserve Bank of St. Louis, New Privately-Owned Housing Units Started: Total Units [HOUST] (2026), https://fred.stlouisfed.org/series/HOUST
  • U.S. Census Bureau and FRED, Federal Reserve Bank of St. Louis, Total Private Construction Spending: Commercial in the United States [PRCOMCONS] (2026)
  • U.S. Department of Energy (DOE), Climate Adaptation and Resilience Plan / Vulnerability Assessment and Resilience Plans (2023), DOE, Economic Benefits of Increasing Electric Grid Resilience to Weather Outages (2013)

Search interest

Yoy Search Change3 research passes · medium59%

Search Trend Note. According to the 2026 U.S. Houzz Emerging Summer Trends Report published by Houzz Research, consumer search interest for low-voltage lighting demonstrated strong upward momentum, surging 162% year-over-year in Q1 2026 compared to Q1 2025 as homeowners increasingly prioritized energy-efficient and sustainable home infrastructure.

Sources (2)
  • Vivint (2025,
  • Houzz Research, 2026

Reputation & customer

Customer acquisition

Typical Cac6 research passes · medium$805
Avg Review Volume6 research passes · medium39
Avg Review Volume Shared Across6

Complaint Categories. Billing and contract disputes (unauthorized auto-renewals, unexpected cancellation fees, ongoing billing post-termination), deceptive and high-pressure sales practices (misleading door-to-door pitches, false claims of business takeovers or forced equipment upgrades), and service or repair issues (equipment malfunction, system connectivity failures, delayed customer service).

Avg Review Volume Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 6 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.

Sources (3)
  • FirstPageSage (2025), 'Average Customer Acquisition Cost (CAC) by Industry', cross-checked with Usermaven (2026), 'Average Customer Acquisition Cost (CAC) Industry Benchmarks'
  • BrightLocal, Local Business Google Business Profile Benchmarks, 2023
  • Federal Trade Commission (FTC), Consumer Advice: Home Security Systems, 2023

Unit economics by revenue band

The same trade runs very different numbers at $500K than at $30M. Here are the operating benchmarks by annual-revenue band. Every cell shown carries an external, citable source (CFMA revenue-tier benchmarks, IBISWorld). Blank cells are metrics no public source splits by band.

MetricUnder $1M$1M to $5M$5M to $20MOver $20M
Gross margin22.4%medium34.2%limited support34.2%limited support22.4%limited support
Collection rate85.1%limited supportn/a85.1%limited support85.1%limited support
Days sales outstanding56.6 daysmedium58 dayslimited support56.6 daysmedium56.6 dayslimited support
Recurring revenue2%high confidence14.2%limited support14.2%limited support51%limited support

Geography

Wage differentials and licensing/bonding regimes vary widely by state, and contractor density and permit trends by metro. Every figure carries its state or metro source (BLS/OEWS, licensing boards, permit records). Aggregate-only.

Wages by state (median hourly)

Ranked high to low. Differential vs the national median. Source: state BLS/OEWS.

StateMedian hourlyvs national
Hawaii$44.59+48.73%
Oregon$42.68+42.36%
Illinois$42.33+41.19%
Alaska$39.50+31.75%
Washington$39.44+31.55%
Massachusetts$39.02+30.15%
Minnesota$37.52+25.15%
California$37.25+24.25%
New York$36.84+22.88%
North Dakota$36.60+22.08%
Wisconsin$34.65+15.58%
Connecticut$33.18+10.67%
New Jersey$32.81+9.44%
Indiana$32.73+9.17%
Rhode Island$31.85+6.24%
Pennsylvania$31.59+5.37%
Montana$31.05+3.57%
Wyoming$30.98+3.34%
Iowa$30.61+2.1%
Ohio$30.46+1.6%
West Virginia$30.34+1.2%
Maryland$30.30+1.07%
Michigan$30.28+1%
Missouri$30.11+0.43%
Maine$29.79-0.63%
New Hampshire$29.46-1.73%
Delaware$29.32-2.2%
Colorado$29.25-2.43%
Nevada$29.07-3.04%
Arizona$29.06-3.07%
Virginia$29.00-3.27%
Kansas$28.79-3.97%
Utah$28.79-3.97%
Nebraska$28.68-4.34%
Louisiana$28.49-4.97%
Texas$28.16-6.07%
Oklahoma$27.76-7.4%
South Dakota$27.76-7.4%
Kentucky$27.47-8.37%
Mississippi$27.39-8.64%
Vermont$27.32-8.87%
Georgia$27.09-9.64%
New Mexico$26.92-10.21%
Tennessee$26.62-11.21%
Idaho$26.56-11.41%
South Carolina$24.98-16.68%
Alabama$24.76-17.41%
North Carolina$24.49-18.31%
Florida$24.10-19.61%
Arkansas$23.31-22.25%
Metro-level detail (50 metros)
Atlanta, GA

According to the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS), the Atlanta-Sandy Springs-Roswell, GA MSA employed approximately 1,630 Security and Fire Alarm Systems Installers (SOC 49-2098) with a location quotient of 1.05 relative to the national concentration and an annual mean wage of $47,930.

According to U.S. Census Bureau Building Permits Survey data, total new private residential units permitted in the Atlanta-Sandy Springs-Roswell, GA MSA fell to 33,401 units in 2024, down 18% from 40,687 units in 2023, reflecting a cooling trend from the 2022 post-pandemic permitting peak.

Austin, TX

As of May 2023, the Austin-Round Rock MSA employed approximately 740 Security and Fire Alarm Systems Installers (SOC 49-2098) with a location quotient of 1.09 (9% above national employment concentration) and a mean annual wage of $55,110 ($26.50 per hour).

Residential building permit volume in the Austin-Round Rock MSA pulled back after peak pandemic-era expansion, decreasing 17% from 32,294 permitted units in 2024 down to 26,964 units in 2025 as elevated construction costs and interest rates slowed new residential starts.

Baltimore, MD

According to the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS), the Baltimore-Columbia-Towson, MD MSA employed 1,270 Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing an employment density of 0.97 per 1,000 jobs and a location quotient of 1.77.

Residential building permit volume in the Baltimore-Columbia-Towson, MD MSA experienced a strong rebound, reaching 5,514 authorized private housing units over the trailing 12 months, representing a year-over-year increase of +24.2%.

Birmingham, AL

In the Birmingham-Hoover, AL MSA, there were 430 Security and Fire Alarm Systems Installers (SOC 49-2098) employed, representing a location quotient of 1.55 (55% higher worker concentration than the national average) and 0.853 installers per 1,000 jobs, with a mean hourly wage of $27.15 ($53,870 annually).

Residential building permit volume in the Birmingham-Hoover, AL metro area experienced a strong recent acceleration, reaching 4,384 total permits over a trailing 12-month period (a 59.7% year-over-year increase, representing 3.71 permits per 1,000 residents), with development heavily concentrated in Jefferson County (2,398 permits) and Shelby County (1,336 permits).

Boston, MA

According to the U.S. Bureau of Labor Statistics OEWS survey, the Boston-Cambridge-Nashua, MA-NH metropolitan area employed 1,840 Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing a density of 0.668 workers per 1,000 total jobs and a location quotient of 1.21 relative to national averages.

According to HUD and Census Bureau Building Permits Survey data, residential permitting in the Boston-Cambridge-Newton MSA slowed following post-pandemic peak levels, declining 12.1% in 2022 to 14,593 authorized units, with multi-family developments representing over 66% of total authorized new housing units.

Buffalo, NY

In the Buffalo-Cheektowaga-Niagara Falls, NY MSA, there were approximately 270 Security and Fire Alarm Systems Installers (SOC 49-2098) employed as of May 2023, with an annual mean wage of $55,650 and a location quotient of 0.95 relative to the national average.

Residential building permit activity in the Buffalo-Cheektowaga-Niagara Falls, NY MSA fluctuated in recent years, falling from 3,197 total permitted units in 2022 to 2,101 units in 2023, before rebounding to 2,659 units authorized during the 12 months ending July 2024.

Charlotte, NC

As of May 2023, the Charlotte-Concord-Gastonia, NC-SC MSA employed 1,220 Security and Fire Alarm Systems Installers (SOC 49-2098), representing an employment density of 0.929 per 1,000 jobs and a location quotient of 1.69 relative to national averages.

In the Charlotte MSA, single-family residential building permits held relatively steady in 2023 at 19,150 units (down less than 1% from 19,250 units in 2022), while multifamily rental building permits decreased 36% to 12,950 units in 2023 as developers responded to rising vacancy and interest rates.

Chicago, IL

In the Chicago-Naperville-Elgin, IL-IN-WI metropolitan statistical area, there were 1,760 employed Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing 0.391 jobs per 1,000 total jobs in the region (location quotient of 0.71) with an annual mean wage of $65,600.

According to the U.S. Census Bureau Building Permits Survey, total authorized residential housing units in the Chicago-Naperville-Elgin MSA reached 17,360 in 2022 (a 6.2% decline from 2021). In Cook County, annual housing units authorized by building permits dropped from 8,326 in 2022 to 4,854 in 2023, before rebounding to 6,507 in 2024.

Cincinnati, OH

According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS), the Cincinnati, OH-KY-IN Metropolitan Statistical Area employed 470 Security and Fire Alarm Systems Installers (SOC 49-2098), representing a location quotient of 0.78 relative to national concentration.

According to U.S. Census Bureau Building Permits Survey data reported via FRED, new private housing structures authorized by permits in the Cincinnati MSA peaked at multi-year highs in 2021 before moderating through 2022-2024, with overall construction activity shifting toward multifamily completions in 2024.

Cleveland, OH

In the Cleveland-Elyria, OH MSA, there were 350 employed Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, earning an annual mean wage of $55,320 ($28.71 hourly mean wage).

In the Cleveland-Elyria, OH MSA, total new private housing structures authorized by building permits rebounded to approximately 4,175 units over trailing 12-month tracking (+28.6% year-over-year growth), following prior multi-year moderation in local residential permitting.

Columbus, OH

According to the Bureau of Labor Statistics, the Columbus, OH metropolitan area employed 370 Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing an occupational density of 0.343 workers per 1,000 total jobs in the metro area.

Building permit activity in the Columbus MSA surged 63.7% year-over-year, reaching 13,709 permitted housing units over a trailing 12-month period and hitting a 7-year high in multifamily permit density of 4.3 units per 1,000 residents.

Dallas-Fort Worth, TX

According to BLS OEWS data, the Dallas-Fort Worth-Arlington, TX MSA employs 3,830 Security and Fire Alarm Systems Installers (SOC 49-2098), representing a high density of 0.97 per 1,000 jobs and a location quotient of 1.76 relative to the national average.

Residential construction in the Dallas-Fort Worth-Arlington MSA maintains a nation-leading pace, authorizing approximately 64,705 new private housing units annually in recent trailing-12-month data (comprising roughly 38,447 single-family units and 24,143 multi-family units).

Denver, CO

In the Denver-Aurora-Lakewood, CO metropolitan statistical area, there were 1,310 employed Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing an employment density of 0.82 per 1,000 jobs and a location quotient of 1.50 compared to the national rate.

Residential building permit volume across the Denver metro area reached 16,615 total units authorized in 2024 (52.6% single-family and 47.4% multi-family), continuing a multi-year trend of constrained permitting that falls well short of estimated regional demand.

Detroit, MI

According to the U.S. Bureau of Labor Statistics, the Detroit-Warren-Dearborn, MI metropolitan statistical area employed 450 Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, with an annual mean wage of $54,770 ($26.33 hourly mean wage).

According to data from the U.S. Census Bureau Building Permits Survey, building permit activity in the Detroit-Warren-Dearborn, MI MSA experienced a downward trend in recent years, reaching 4,541 total housing permits issued in 2023, the lowest annual level since 2012, driven by elevated interest rates and high material and labor costs.

Hartford, CT

According to the Bureau of Labor Statistics, the Hartford-West Hartford-East Hartford, CT MSA employs an estimated 200 Security and Fire Alarm Systems Installers (SOC 49-2098) with a mean annual wage of $61,400.

Residential building permit activity in the Hartford-West Hartford-East Hartford, CT MSA reached 1,270 authorized housing units over the trailing 12 months through May 2026, with monthly authorizations up 79.1% year-over-year.

Houston, TX

In the Houston-The Woodlands-Sugar Land, TX MSA, the U.S. Bureau of Labor Statistics reported 2,140 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in May 2023, representing a density of 0.67 workers per 1,000 jobs and a location quotient of 1.23.

Residential building permit activity in the Houston-The Woodlands-Sugar Land MSA moderated to 68,755 units in 2023 after reaching a record peak of 75,786 units in 2022 (a 9.3% decline). Single-family permitting rebounded ~9% to 49,150 units in 2023, while multifamily permitted units dropped 35% to 22,200 units.

Indianapolis, IN

According to occupational employment data for the Indianapolis-Carmel-Anderson, IN MSA, there were 750 employed Security and Fire Alarm Systems Installers (SOC 49-2098) in the metropolitan area, earning an annual mean wage of $52,300 ($25.15 per hour).

Single-family housing permit issuance in the Indianapolis metropolitan area expanded significantly in 2024 (up 20% to 26% year-over-year across Central Indiana), rebounding after declines in 2022 and 2023. Meanwhile, multifamily permitting slowed in 2024 compared to elevated levels of roughly 5,100 units permitted annually during 2022-2023.

Jacksonville, FL

As of May 2023, the Jacksonville, FL metropolitan area employed 1,160 Security and Fire Alarm Systems Installers (SOC 49-2098), representing a high location quotient of 2.86 compared to the national average.

Total housing units authorized by building permits in the Jacksonville, FL CBSA reached 15,002 in 2024, declining from 20,326 units in 2023. However, single-family residential permits in the core four-county area grew 6.17% from 11,821 in 2023 to 12,551 in 2024.

Kansas City, MO

In the Kansas City, MO-KS metropolitan statistical area, there were 850 Security and Fire Alarm Systems Installers (SOC 49-2098) employed as of May 2023, with a location quotient of 1.43, indicating a 43% higher concentration of installers relative to the national average.

Single-family building permits across the 8-county Kansas City metro area totaled 4,388 units in 2025, representing a 3% decline from 4,509 units in 2024. Construction activity rebounded significantly in early 2026, with year-to-date single-family permits through May 2026 reaching 2,358 units, a 32% increase compared to the same period in 2025.

Las Vegas, NV

As of May 2023, the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) estimated 750 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Las Vegas-Henderson-Paradise, NV metropolitan statistical area, earning a median hourly wage of $28.81 and an annual mean wage of $59,920.

Annual private housing units authorized by building permits in Clark County (Las Vegas MSA) declined from 16,307 units in 2021 to 13,066 in 2022 (~20% decrease), before rebounding and stabilizing at 13,073 units in 2023, 14,754 units in 2024, and 14,466 units in 2025.

Los Angeles, CA

According to the U.S. Bureau of Labor Statistics, there were 3,040 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Los Angeles-Long Beach-Anaheim, CA metropolitan statistical area, representing a density of 0.49 workers per 1,000 jobs and a location quotient of 0.89.

According to the U.S. Census Bureau Building Permits Survey, annual new private housing structure permits authorized in the Los Angeles-Long Beach-Anaheim MSA declined moderately from 31,295 in 2022 to 28,735 in 2023 and 27,242 in 2024, reflecting an overall ~13% reduction in multi-year residential permit volume.

Louisville, KY

In the Louisville/Jefferson County, KY-IN metropolitan statistical area, the U.S. Bureau of Labor Statistics reports 260 employed Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing an employment density of 0.392 per 1,000 jobs in the metro area (location quotient of 0.71).

Residential building permit activity in the Louisville-Jefferson County, KY-IN MSA totaled 6,731 units in 2023 (3,012 single-family and 3,719 multi-family units). Permitting activity subsequently experienced a pullback into 2024, with multi-family permitting declining year-over-year amidst higher interest rates and elevated building costs.

Memphis, TN

According to the U.S. Bureau of Labor Statistics May 2023 OEWS estimates, there were 490 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Memphis, TN-MS-AR metropolitan statistical area, representing an employment concentration (location quotient) of 0.78 relative to the national average.

Residential construction and housing permit activity in the Memphis metro area softened, with total home sales declining 14% year-over-year for the 12 months ending May 2024 (down to 22,200 sales) and multifamily permitting down 1.4% year-over-year in 2024 amid weakening rental market demand and net out-migration.

Miami, FL

According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS) report, the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan statistical area employed 2,710 Security and Fire Alarm Systems Installers (SOC 49-2098), representing a density of 1.00 jobs per 1,000 total jobs in the metro area and a location quotient of 1.81.

According to U.S. Census Bureau Building Permits Survey data as reported by NAHB, the Miami-Fort Lauderdale-West Palm Beach, FL metro area authorized 15,947 multifamily building permits in 2023 (a 21% year-over-year increase), while overall single-family housing permit volume in Florida saw a 6.9% pull-back.

Milwaukee, WI

As of May 2023, the U.S. Bureau of Labor Statistics reported 390 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Milwaukee-Waukesha-West Allis, WI metropolitan statistical area, representing a location quotient of 0.86 relative to national density.

In 2023, the Milwaukee MSA issued 2,844 total residential building permits (including 1,678 single-family units). Multi-year permit activity in metro Milwaukee has stagnated compared to pre-pandemic levels, with multi-family authorizations declining relative to 2017-2019 while single-family construction remained roughly flat.

Minneapolis-St. Paul, MN

As of May 2023, the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan statistical area employed 670 Security and Fire Alarm Systems Installers (SOC 49-2098), with a location quotient of 0.64 relative to the national average.

Residential building permitting in the Minneapolis-St. Paul-Bloomington, MN-WI metro area saw 13,577 units authorized over the 12-month period ending May 2026, representing a 6.7% decrease compared to the previous 12-month period.

Nashville, TN

In the Nashville-Davidson--Murfreesboro--Franklin, TN Metropolitan Statistical Area, there are 620 employed Security and Fire Alarm Systems Installers (SOC 49-2098), representing a density of 0.58 installers per 1,000 total jobs in the metro (location quotient of 1.05).

Residential building permit volume in the Nashville metro area expanded rapidly, with 17,930 to 19,029 new private housing units authorized over a trailing 12-month period, representing a 19.0% year-over-year increase and a permitting rate of nearly 9 to 10 units per 1,000 residents.

New Orleans, LA

According to BLS OEWS data, the New Orleans-Metairie, LA metropolitan statistical area employed approximately 400 Security and Fire Alarm Systems Installers (SOC 49-2098).

New private housing structures authorized by building permits in the New Orleans-Metairie, LA MSA have maintained low overall volume over recent years, with residential permitting remaining subdued relative to historical peaks and home building intensity recorded at 3.4 authorized units per 1,000 existing homes in 2024.

New York, NY

In the New York-Newark-Jersey City, NY-NJ-PA metropolitan statistical area, there were 4,660 Security and Fire Alarm Systems Installers (SOC 49-2098) employed as of May 2023, representing an employment density of 0.49 per 1,000 jobs and a location quotient of 0.89.

In the New York-Newark-Jersey City MSA, residential permitting declined through 2023 and 2024 following the expiration of the 421-a tax incentive program. However, single-family home permitting rebounded by 11% year-over-year in Q1 2025, and NYC Department of Buildings new building permit filings jumped 43% year-over-year in Q2 2025 following the implementation of the new 485-x tax incentive.

Oklahoma City, OK

In the Oklahoma City, OK Metropolitan Statistical Area, there were 400 individuals employed specifically as Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing a primary low-voltage and trade workforce count for the metro area.

Building permit activity in the Oklahoma City MSA shows strong upward expansion in residential development, leading major U.S. metros with a 205% increase in multifamily building permits (for the 12 months ending June 2025 compared to pre-boom baselines) while maintaining the highest single-family permit ratio in the nation at 91.0% of total residential building permits issued in 2023.

Orlando, FL

According to BLS OEWS data for the Orlando-Kissimmee-Sanford, FL MSA, there were 1,230 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the metropolitan area, representing a location quotient of 1.63 (63% above the national average density for this occupation).

New residential permit activity in the Orlando-Kissimmee-Sanford MSA declined from a peak of 28,683 authorized units in 2022 to 25,415 units in 2023 (an 11.4% drop). Multifamily permitting continued to moderate through mid-2024, falling 21% year-over-year to 12,000 units for the 12 months ending June 2024 as builders slowed construction to allow completed units to be absorbed.

Philadelphia, PA

As of May 2023, the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan statistical area employed 1,310 Security and Fire Alarm Systems Installers (SOC 49-2098), representing an employment density of approximately 0.463 workers per 1,000 jobs.

In 2024, residential construction permitting in the Philadelphia-Camden-Wilmington MSA experienced a significant drop in authorized multi-family housing units (-49.4% year-over-year) while single-family authorizations remained flat (-0.3%).

Phoenix, AZ

According to the Bureau of Labor Statistics OEWS (May 2024), the Phoenix-Mesa-Chandler, AZ MSA employed 1,730 Security and Fire Alarm Systems Installers (SOC 49-2098) with a Location Quotient of 3.30, demonstrating a high concentration of low-voltage security installers relative to the national average.

According to HUD's Comprehensive Housing Market Analysis, residential building permit activity in the Phoenix-Mesa-Chandler MSA totaled 51,101 units in 2021, 47,517 units in 2022, 45,791 units in 2023, and 46,566 units in 2024, showing a modest pullback following the 2021 peak before stabilizing near 46,000 units annually.

Pittsburgh, PA

According to the BLS Occupational Employment and Wage Statistics, the Pittsburgh, PA Metropolitan Statistical Area had 760 Security and Fire Alarm Systems Installers (SOC 49-2098) employed as of May 2023, representing an above-average regional employment concentration with a location quotient of 1.29.

Residential building permit volume in the Pittsburgh metro area trended downward in recent years, declining by 848 authorized housing units from 2,512 units in 2023 down to 1,664 units in 2024.

Portland, OR

According to the U.S. Bureau of Labor Statistics OEWS data, the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area employed 690 Security and Fire Alarm Systems Installers (SOC 49-2098) in May 2023, representing 0.58 jobs per 1,000 total jobs in the metro area (location quotient of 1.05).

Residential building permit volume in the Portland-Vancouver-Hillsboro metro area has experienced a significant decline over recent years. According to U.S. Census Bureau Building Permits Survey data, total Oregon housing unit authorizations dropped 33% from a peak of 21,916 units in 2021 to 14,621 units in 2024. Within the Portland metro area, multifamily (5+ units) building permit authorizations dropped 58.5% year-over-year in 2024, alongside a 2.7% decline in single-family permits.

Providence, RI

According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), there were approximately 300 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Providence-Warwick, RI-MA Metropolitan Statistical Area in May 2023, representing a location quotient of 0.97 relative to the national average.

Residential building permit activity in the Providence-Warwick, RI-MA MSA remains historically constrained, with 2023 permit volume coming in under 2 authorized units per 1,000 residents, placing it among the lowest per-capita residential permit rates in the nation for metropolitan areas over 1 million population. Statewide, Rhode Island issued permits for only 1,169 new residential units in 2023 (a 0.2% addition to housing stock), shifting low-voltage and trade demand heavily toward retrofits and commercial tenant improvements.

Raleigh, NC

In the Raleigh, NC Metropolitan Statistical Area, there are an estimated 570 Security and Fire Alarm Systems Installers (SOC 49-2098) employed, representing a concentration of 0.81 installers per 1,000 jobs and a Location Quotient of 1.48 relative to the national average.

Building permit activity in the Raleigh-Cary, NC metro area has trended upward, accelerating +15.5% year-over-year to 18,396 total authorized units, placing the metro among the top markets nationwide with 12.69 authorized permits per 1,000 residents.

Richmond, VA

According to the U.S. Bureau of Labor Statistics, there were 480 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Richmond, VA MSA as of May 2023, representing a location quotient of 1.36 (36% higher concentration of trade workers than the national average).

Multifamily residential building permits in the Richmond MSA dropped 11% in 2023 to 5,151 permitted units following peak construction levels in 2021-2022, with overall residential permit volume remaining lower in 2024 at approximately 58 permitted units per 10,000 residents.

Riverside-San Bernardino, CA

According to the U.S. Bureau of Labor Statistics, there were 890 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Riverside-San Bernardino-Ontario, CA MSA as of May 2023, representing a location quotient of 0.98 relative to the national average and an annual mean wage of $63,210 ($29.45 per hour).

According to U.S. Census Bureau Building Permits Survey data, the Riverside-San Bernardino-Ontario MSA authorized 16,320 total new residential building permits in 2022 (a 4.6% increase from 2021) with a total permit valuation of $3.9 billion (+4.5%). Cumulative permitting from 2021 through 2023 reached 18,608 residential units (11,168 single-family and 7,440 multi-family), maintaining strong long-term construction activity despite moderating pace in late 2023 due to elevated interest rates.

Sacramento, CA

In the Sacramento-Roseville-Folsom, CA MSA, the low-voltage and security system trade employs approximately 660 Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2024, with a location quotient of 2.54, indicating a significantly higher per-capita concentration of low-voltage and security technicians than the national baseline.

Residential building permit activity in the Sacramento-Roseville-Folsom, CA metropolitan area reached 10,042 authorized housing units over the 12-month period through May 2026, with latest monthly permit authorizations up +14% year-over-year (1,094 units permitted in May 2026, comprising 61.4% single-family and 30.3% multi-family 5+ units).

Salt Lake City, UT

According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS), the Salt Lake City, UT Metropolitan Statistical Area employed 450 Security and Fire Alarm Systems Installers (SOC 49-2098), representing an employment density of 0.559 per 1,000 jobs and a location quotient of 1.02.

According to the Salt Lake City Building Services Division, 9,190 building permits were issued in 2024, a slight decline in permit volume compared to recent years, but total permitted project valuation hit an all-time high of $3.37 billion (over $1 billion higher than any previous year), driven by large multi-family residential developments, distribution warehouses, and commercial tenant improvements.

San Antonio, TX

According to the U.S. Bureau of Labor Statistics (BLS) May 2023 Occupational Employment and Wage Statistics, the San Antonio-New Braunfels, TX MSA employs approximately 870 Security and Fire Alarm Systems Installers (SOC 49-2098) with an annual mean wage of $52,220. Furthermore, 2022 U.S. Census Bureau County Business Patterns data indicates approximately 300 Security Systems Services (NAICS 561621) establishments operating in the San Antonio-New Braunfels metro area.

Residential permit volume in the San Antonio-New Braunfels MSA totaled 14,857 new housing units authorized in 2024. Over recent years (2020-2025), single-family permitting remained largely steady at around 1,000 units per month, whereas multi-family (5+ unit) permitting experienced a sharp contraction, falling by more than 90% from 2020 peak levels.

San Diego, CA

According to U.S. Census Bureau County Business Patterns data (reported in SANDAG and MTS regional goal methodology reports), the San Diego market features 835 establishments classified under NAICS 238210 (Electrical Contractors and Other Wiring Installation Contractors) and 54 establishments under NAICS 561621 (Security Systems Services except Locksmiths). Additionally, the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) reports 680 to 970 employed Security and Fire Alarm Systems Installers (SOC 49-2098) in the San Diego-Chula Vista-Carlsbad MSA.

Residential building permit activity in the San Diego-Chula Vista-Carlsbad MSA expanded significantly from 2020 through 2023, with annual permitted units nearly doubling in 2023 to multi-decade highs of approximately 9,700 housing units across the city and region. Permitting volume subsequently stabilized and slightly moderated in 2024 due to elevated borrowing costs and market absorption dynamics, while maintaining baseline construction levels well above pre-2020 averages.

San Francisco, CA

In the San Francisco-Oakland-Hayward, CA metropolitan statistical area, the U.S. Bureau of Labor Statistics reported 1,170 employed Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023, representing a density of 0.48 workers per 1,000 jobs and a location quotient of 0.88.

Residential building permit activity in the San Francisco metropolitan area has experienced a downward trend over recent years due to high interest rates, elevated financing costs, and high local construction expenses. According to Census Building Permits Survey data analyzed by HUD, rental units authorized by permits in the metro's East Bay division fell from 3,150 units in 2023 to 2,650 units in 2024.

San Jose, CA

According to BLS Occupational Employment and Wage Statistics for the San Jose-Sunnyvale-Santa Clara, CA MSA, there are 530 Security and Fire Alarm Systems Installers (SOC 49-2098) with an annual mean wage of $86,120, alongside 5,110 Electricians (SOC 47-2111).

Residential building permit volume in the San Jose-Sunnyvale-Santa Clara metropolitan area fell by 68% between July 2020 and July 2025 (dropping from 1,949 permits to 623 permits), marking the steepest decline among the 100 largest U.S. metro areas based on U.S. Census Bureau Building Permits Survey data.

Seattle, WA

According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) May 2023 data, there were 730 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the Seattle-Tacoma-Bellevue, WA metropolitan area, representing a density of 0.35 workers per 1,000 total jobs in the MSA.

According to the U.S. Census Bureau Building Permits Survey, new residential housing unit authorizations experienced a downward shift, reflecting broader regional and national trends where private housing permit authorizations decreased 10.1% nationwide from 2022 (1,680,368 units) to 2023 (1,511,102 units) as interest rates slowed overall construction momentum.

St. Louis, MO

According to the U.S. Bureau of Labor Statistics, there were 520 Security and Fire Alarm Systems Installers (SOC 49-2098) employed in the St. Louis, MO-IL metropolitan statistical area in May 2023, representing an employment concentration of 0.393 per 1,000 jobs and a location quotient of 0.71.

According to Census Building Permits Survey data compiled by HUD, residential permitting in the St. Louis, MO-IL MSA trended downward in 2025: preliminary single-family permits declined 10% to 4,175 units (down from 4,650 units in 2024), while multifamily permits fell 19% to 1,650 units (down from 2,050 units in 2024).

Tampa, FL

According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics, the Tampa-St. Petersburg-Clearwater, FL metropolitan statistical area employed 1,270 Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2023.

According to U.S. Census Bureau Building Permits Survey data, total new privately-owned housing units authorized in the Tampa-St. Petersburg-Clearwater MSA peaked at 19,305 units in 2021, moderated to 15,678 units in 2022 and 14,502 units in 2023, and recovered to 16,352 authorized units in 2024.

Virginia Beach, VA

According to the U.S. Bureau of Labor Statistics (BLS) May 2023 Occupational Employment and Wage Statistics, the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area employed 290 Security and Fire Alarm Systems Installers (SOC 49-2098), representing a location quotient of 0.71 compared to the national average, with a mean hourly wage of $25.53 and an annual mean wage of $53,100.

According to HUD's Comprehensive Housing Market Analysis, residential permitting and construction activity in the Virginia Beach-Norfolk-Newport News MSA entering 2024-2025 remained active, with projected demand for 11,000 new single-family homes and 6,175 rental units over the 2024-2027 forecast period, supported by 1,900 single-family units and 1,800 rental units under active construction.

Washington DC, DC

In the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan statistical area, BLS OEWS reports 2,860 employed Security and Fire Alarm Systems Installers (SOC 49-2098) as of May 2024, placing the metro among the highest total employment areas in the nation for this trade. In May 2023, employment was 2,050 installers with a location quotient of 1.21 and a density of 0.66 installers per 1,000 jobs.

In the Washington-Arlington-Alexandria metro area, new residential building permits authorized reached 32,296 units in 2022 (a 17.8% increase from 2021). Permitting activity subsequently contracted, falling by approximately 11% in 2023 and declining by about 16% into 2024-2025 as elevated interest rates and construction costs slowed new housing builds.

Building stock (demand base)

Age can inform trade-specific replacement mechanisms, but this cross-sectional file does not measure replacement speed or prove a tailwind across trades. Public state and county tax-assessor and property records (aggregated). Aggregate-only; no individual property or owner identified.

Construction eraBuildingsShare
pre-19601,675,48118.4%
1960-791,224,84813.5%
1980-991,367,31215.1%
2000-09756,8108.3%
2010+477,4515.3%
unknown3,582,98539.4%

Firmographics

Aggregated public business firmographic records (multi-source SMB dataset). Revenue/employee/age/employer-rating distributions per trade. Aggregate only; no individual company identified.

Companies analyzed3,512
Revenue (p25 / median / p75 / p90)$5.6M / $10.0M / $21.9M / $41.9M
Employees (p25 / median / p75)34 / 54 / 92
Median founding year2009
Avg employer rating3.62

Historical public-company reference

Snapshot dated 2026-07-23. These large scaled operators provide historical context, not live quotes, current valuation comparisons, or a benchmark for a typical private contractor.

Company1y returnGross marginEV/EBITDAMarket cap
ADT Inc. (ADT)-20.8%80.82%4.68$5.08B
Allegion plc (ALLE)-17.6%44.97%13.64$11.9B
Dycom Industries, Inc. (DY)72%20.5%18.58$12.88B
Johnson Controls International plc (JCI)33.3%36.56%21.78$85.03B
Quanta Services, Inc. (PWR)70.2%15.1%38.31$95.92B

Place your own low-voltage shop on the index

Four plain questions about your numbers, and you see where each lands against the Low-Voltage & Security benchmark. No sign-up, nothing saved.

Compare your shop →