Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#31 In EuropeBusiness
#30 In EuropeEmployees
#33 In EuropeWages
#27 In EuropeThe Electrical Installation in Iceland ranks 31st in Europe with regards to its 2024 revenue (€214.7m). Revenue received by operators in Iceland has been low in volatility over the past five-year period, with the average annual change in revenue (8.7 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Electrical Installation industry in Iceland in 2024?
The market size of the Electrical Installation industry in Iceland is €214.7m in 2024.
How many businesses are there in the Electrical Installation in Iceland industry in 2024?
There are 606 businesses in the Electrical Installation industry in Iceland, which has grown at a CAGR of 1.1 % between 2019 and 2024.
Has the Electrical Installation industry in Iceland grown or declined over the past 5 years?
The market size of the Electrical Installation industry in Iceland has been declining at a CAGR of 8.7 % between 2019 and 2024.
What is the forecast growth of the Electrical Installation industry in Iceland over the next 5 years?
Over the next five years, the Electrical Installation industry in Iceland is expected to grow.
What does the Electrical Installation in Iceland include?
Maintenance and repairs and Installations in new buildings are part of the Electrical Installation industry.
How competitive is the Electrical Installation industry in Iceland?
The level of competition is moderate and steady in the Electrical Installation industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Electric Utilities in Iceland
- Plumbing, Heat & Air Conditioning Installation in Iceland
- Building Completion & Finishing in Iceland
International industries
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.
What's included in this industry?
Maintenance and repairsInstallations in new buildingsCircuitry and appliance upgradesIndustry Code
4321 - Electrical installation in Iceland
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Electrical Installation in Iceland
- Employees in the Electrical Installation in Iceland
- Business in the Electrical Installation in Iceland
- Profit in the Electrical Installation in Iceland
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
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 Iceland 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 Iceland 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?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
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.
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.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
France
Italy
Spain