Electrical Installation in Germany - Market Research Report (2014-2029)
Frankfurt, Germany
Last Updated: June 2024
WZ F43.21DERevenue
€40.2bn
Past 5-Year Growth
Profit
€X.Xbn
Employees
358k
Businesses
41,827
Wages
€XX.Xbn
Electrical Installation in Germany industry analysis
In the last five years, turnover in the electrical installation industry has risen by an average of 1.3% per year to 40.2 billion euros in the current year. The most important growth driver was the construction industry, which experienced a strong upturn due to the continued high demand for housing, which had a positive effect on the order situation for electrical installers. For the current year, the industry is expecting growth of 1.3% compared to the previous year in view of the good business outlook and demand supported by the solid income development of private households.The past construction boom was triggered by increasing urbanisation, as more and more people moved from the countryside to the cities. This created an enormous demand for living space. Added to this were favourable conditions for financing construction projects due to the low-interest phase. Residential construction was the main beneficiary of this. Demand for electrical installation work increased accordingly, especially for new builds. The good order situation not only led to rising sales, but also to an increase in the number of companies by an average of 2.5% per year since 2019.The industry is expected to continue to grow in the next five years, albeit with slightly less volatility than in the past five years. Turnover is expected to increase by an average of 1.5% per year to €43.2 billion in 2029. Technological change and rising energy costs will prompt private households and companies to upgrade or renew their existing infrastructure. For example, intelligent sensors can be used to exploit optimisation potential in order to reduce electricity consumption. Smart homes will play an important role here. In addition, the topic of renewable energies is increasingly coming into focus and offers growth potential. For example, photovoltaic systems are increasingly being installed in private households. Electrical installers can benefit from this as they install these systems. The increasing shortage of skilled labour poses a risk for the industry in the coming years.
Trends and Insights
- The construction boom of recent years has benefited the industry. A large proportion of the residential construction volume is attributable to the refurbishment of old buildings, with around 15 per cent of the funds going towards energy-efficient refurbishment.
- Electrical installation is the industry's main activity, but repair and maintenance as well as customer service are also important tasks for the players. Repairs and maintenance are usually recurring activities and therefore a stable source of income.
- The central region has the highest proportion of companies in the electrical installation sector in Germany. The distribution of companies in this sector is based on the largest customer, the construction industry, and the population distribution.
- Competition in the electrical installation industry is fierce. There are many small companies active in the industry that compete on price and strategically favourable locations.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated €40.2bn in 2024.
Trends and Insights
The construction boom at the beginning of the last five-year period led to strong growth in the sector
- The general conditions for the electrical installation industry have been excellent over the past five years due to the expansion of residential construction.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Residential construction was slowed by the rise in interest rates
- The housing shortage and the increased influx into cities are expected to continue in the coming years. However, construction projects will lose some of their appeal over the next few years as the high base rate will make loans more expensive.
Biggest companies in the Electrical Installation in Germany
| Company | Market Share (%)
2024 | Revenue (€m)
2024 |
|---|---|---|
Elektro Beckhoff GmbH | 120.0 | |
Bachner Elektro GmbH & Co. KG | 80.0 | |
Gebrüder Peters Gebäudetechnik AG | 40.0 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Electrical installation, Repair, maintenance and customer service and Other services. Electrical installation is the largest segment of the Electrical Installation in Germany.
Trends and Insights
Electrical installation is the core business of the industry
- The sector's core business is electrical installation. This primarily includes laying the electricity network in buildings, installing telecommunication systems such as telephone and internet and installing security systems such as alarm systems or fire alarms.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Electrical Equipment Repair & Maintenance in Germany
Complementors
- Railway Construction in Germany
- Electricity & Telecommunications Infrastructure Construction in Germany
International industries
- Electricians in the US
- Electricians in Canada
- Electrical Services in Australia
- Electrical Services in New Zealand
- Electricians in the UK
Table of Contents
About this industry
Industry definition
Companies in this sector install electrical cables and fittings as well as cables for telecommunications systems, computer networks and cable television. They also install aerials, lighting, fire detection and burglar alarm systems. This sector does not include the construction of electricity and communication systems or the installation of (electrical) heating systems.
What's included in this industry?
Electrical installationRepair, maintenance and customer serviceInstallation of illuminated advertisingInstallation of traffic signalling systemsCompanies
Elektro Beckhoff GmbHBachner Elektro GmbH & Co. KGGebrüder Peters Gebäudetechnik AGPurchase this report to view all 4 major companies in this industry.
Related Terms
SMARTHOMEINTELLIGENT POWER GRIDINDUSTRY 4.0Industry Code
WZ 43.21 - Electrical Installation in Germany
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The construction boom of recent years has benefited the industry. A large proportion of the residential construction volume is attributable to the refurbishment of old buildi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Electrical installation is the industry's main activity, but repair and maintenance as well as customer service are also important tasks for the players. Repairs and maintena...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The central region has the highest proportion of companies in the electrical installation sector in Germany. The distribution of companies in this sector is based on the larg...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition in the electrical installation industry is fierce. There are many small companies active in the industry that compete on price and strategically favourable locati...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
There are no major players in the electrical installation industry. The industry consists mainly of small, owner-managed companies with a small number of employees.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Elektro Beckhoff GmbH's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Bachner Elektro GmbH & Co. KG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Gebrüder Peters Gebäudetechnik AG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Elektro Beckhoff GmbH, and factors influencing its performance in the industry
- Description and key data for Bachner Elektro GmbH & Co. KG, and factors influencing its performance in the industry
- Description and key data for Gebrüder Peters Gebäudetechnik AG, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is subject to the master craftsman requirement. Craftsmen may only become self-employed as electricians if they are entered in the register of craftsmen on the b...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The large number of industry players limits the achievable profit. The prevalence of illegal labour in the industry intensifies competition and has an additional negative imp...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
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
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Germany include:
- German Federal Statistics Office (Destatis)
- European Statistics Office (Eurostat)
- United Nations Comtrade
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Electrical Installation industry in Germany in 2024?
The market size of the Electrical Installation industry in Germany is €40.2bn in 2024.
How many businesses are there in the Electrical Installation in Germany industry in 2024?
There are 41,827 businesses in the Electrical Installation industry in Germany, which has grown at a CAGR of 1.7 % between 2019 and 2024.
Has the Electrical Installation industry in Germany grown or declined over the past 5 years?
The market size of the Electrical Installation industry in Germany has been growing at a CAGR of 1.3 % between 2019 and 2024.
What is the forecast growth of the Electrical Installation industry in Germany over the next 5 years?
Over the next five years, the Electrical Installation industry in Germany is expected to grow.
What are the biggest companies in the Electrical Installation market in Germany?
The biggest companies operating in the Electrical Installation market in Germany are Elektro Beckhoff GmbH, Bachner Elektro GmbH & Co. KG and Gebrüder Peters Gebäudetechnik AG
What does the Electrical Installation in Germany include?
Electrical installation and Repair, maintenance and customer service are part of the Electrical Installation industry.
Which companies have the highest market share in the Electrical Installation in Germany?
The company holding the most market share in Germany is Elektro Beckhoff GmbH.
How competitive is the Electrical Installation industry in Germany?
The level of competition is high and steady in the Electrical Installation industry in Germany.
