Industry Statistics and Trends
Electrical Installation in Europe key trends
Demand from infrastructure and civil engineering markets has remained resilient.
Public funding for infrastructure projects is pre-allocated, making expenditure less susceptible to weak economic conditions.
Government spending to aid economic recovery will aid future revenue.
Governments have allocated budgets to support the construction industry.
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Electrical Installation in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Electrical Installation in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 2.8 % over the past five years, to reach an estimated €239.9bn in 2024.
Trends and Insights
Lingering uncertainty restricts revenue recovery
- Revenue dipped during 2020, owing to the pandemic and subsequent disruptions. However, despite easing lockdown restrictions across Europe and the resumption of normal economic activity, poor economic conditions have stifled recovery.
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Electrical Installation in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Long-term infrastructure strategies in Spain support electricians
- The Digital Spain 2025 agenda supports reforms and investments to align with policies highlighted by the European Commission. These investments cover a range of objectives, including increased digital connectivity, new technologies and AI.
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Revenue
€239.9bn
Employees
2m
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Romania +12.9%
- Russia +12.6%
- Estonia +11.8%
- Malta +11.4%
- Netherlands +10.1%
Bottom 5 Countries
- Finland -1.7%
- Turkey 0.0%
- United Kingdom +0.4%
- France +0.5%
- Sweden +0.5%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Electrical Installation in Europe
Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Siemens AG | 72,439.3 | 5,123.2 | 7.1 | |
Vinci SA | 66,833.8 | 7,264.0 | 10.9 | |
Enel SpA | 20,535.6 | 5,562.8 | 27.1 |
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Electrical Installation in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Electrical Installation industry in Europe in 2024?
The market size of the Electrical Installation industry in Europe is €239.9bn in 2024.
How many businesses are there in the Electrical Installation in Europe industry in 2024?
There are 582k businesses in the Electrical Installation industry in Europe, which has grown at a CAGR of 4.1 % between 2019 and 2024.
Has the Electrical Installation industry in Europe grown or declined over the past 5 years?
The market size of the Electrical Installation industry in Europe has been declining at a CAGR of 2.8 % between 2019 and 2024.
What is the forecast growth of the Electrical Installation industry in Europe over the next 5 years?
Over the next five years, the Electrical Installation industry in Europe is expected to grow.
What does the Electrical Installation in Europe include?
Maintenance and repairs and Installations in new buildings are part of the Electrical Installation industry.
Which countries have the most businesses in the Electrical Installation industry in Europe?
The European country with the most businesses in the Electrical Installation industry is Russia.
How competitive is the Electrical Installation industry in Europe?
The level of competition is high and steady in the Electrical Installation industry in Europe.
Related Industries
This industry is covered in 37 countries
- Electrical Installation in Greece
- Electrical Installation in Hungary
- Electrical Installation in Romania
- Electrical Installation in Denmark
- Electrical Installation in Norway
- Electrical Installation in Turkey
- Electrical Installation in Malta
- Electrical Installation in Bosnia & Herzegovina
- Electricians in the UK
- Electricians in Ireland
- Electrical Installation in Germany
- Electrical Installation in Austria
- Electrical Installation in France
- Electrical Installation in Italy
- Electrical Installation in Sweden
- Electrical Installation in Poland
- Electrical Installation in Cyprus
- Electrical Installation in Latvia
- Electrical Installation in Lithuania
- Electrical Installation in Spain
- Electrical Installation in the Netherlands
- Electrical Installation in Portugal
- Electrical Installation in Estonia
- Electrical Installation in Slovenia
- Electrical Installation in Iceland
- Electrical Installation in Serbia
- Electrical Installation in Europe
- Electrical Installation in Luxembourg
- Electrical Installation in Russia
- Electrical Installation in Belgium
- Electrical Installation in Slovakia
- Electrical Installation in Finland
- Electrical Installation in Croatia
- Electrical Installation in Bulgaria
Table of Contents
About this industry
Industry definition
Companies in the industry install, repair and maintain electrical systems in buildings and civil engineering structures. Electricians provide services to customers in all construction sub-sectors, with many running small-scale, owner-operated businesses.
Related Terms
5G TelecommunicationTelecommunicationOptic FibreWhat's included in this industry?
Maintenance and repairsInstallations in new buildingsCircuitry and appliance upgradesCompanies
Siemens AGVinci SAEnel SpAIndustry Code
4321 - Electrical installation in Europe
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Performance
Key Takeaways
Lingering uncertainty restricts revenue recovery
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Electrical Installation in Europe industry (2011 -2029)
- Employees in the Electrical Installation in Europe industry (2011 -2029)
- Business in the Electrical Installation in Europe industry (2011 -2029)
- Profit in the Electrical Installation in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Electrical Installation in Europe industry?
Outlook
Analysis
What's driving the Electrical Installation in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Electrical Installation in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Electrical Installation in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Repair and maintenance services are resilient. As repair and maintenance services are essential, revenue from this segment is consistently high.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Electrical Installation in Europe industry's products and services performing?
Analysis
What are innovations in the Electrical Installation in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Electrical Installation in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The majority of electrical installation contractors operate on a small scale. Due to the fragmented nature of the industry, contractors tend to focus on serving limited geographical regions.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Siemens AG
- Countries of operation for Vinci SA
- Countries of operation for Enel SpA
- Countries of operation for Eiffage SA
- Countries of operation for SPIE SA
- Countries of operation for John Wood Group plc
- Countries of operation for Bouygeous SA
- Countries of operation for The Cobra Group
- Countries of operation for Mercury Engineering Unlimited Company
- Countries of operation for TSK Electronica y Electricidad SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Electricians must follow building regulations. Governments impose building regulations which contain standards that electrical installations must meet to pass checks and inspections.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Electrical Installation in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability is inflated. Many electricians are owner-operated businesses, so owners take renumeration from a share of profit rather than traditional wages.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Electrical Installation in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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