Power up: An uptick in downstream construction will increase industry demand

Revenue for the Electricians industry, one of the largest subcontracting industries in the United States, has been increasing due to an acceleration in downstream construction markets. As a result of increasing demand from downstream construction markets, industry enterprise, establishment and job numbers have been trending upward. In the coming years, construction markets are expected to continue thriving. The industry is also expected to benefit from an increase in renovation and retrofitting activity, particularly for green upgrades, such as energy-efficiency projects...purchase to read more.

Industry Statistics & Market Size
Revenue
$179bn
Annual Growth 13-18
3.8%
Forecast Growth 18-23
Profit
Employment
990,180
Businesses
210,853
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • As general economic activity has advanced, increasing construction projects have stimulated industry demand
  • Nonemploying operators constitute the majority of industry enterprises
  • Growth in downstream construction markets is projected to decelerate
  • Industry Report - Industry Products Chapter

    Electric power and systems installation and servicingThe Electricians industry generates the bulk of its revenue (66.8%) from the installation, repair and maintenance of electrical power, wiring and related systems in buildings across the construction market. This wide segment includes the servicing of electric outlets, power control, fiber-optic cables and lighting. These services are spread primarily between the residential market (i.e. single-family homes and apartment buildings) and the nonresidential market (i.e. office buildings, retail spaces and institutional buildings). The nonresidential market is the principal market, contributing 69.0% to revenue generated from electric power and systems installation in 2017. Eve...purchase to read more.

    Additional Insights for the Electricians Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electricians Industry are

  • Having a good reputation
  • Having contacts within key markets
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Value of private nonresidential construction in the Electricians industry impact industry performance..

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    What's in this report

    What is the Electricians Industry?

    This industry performs electrical work at a site (e.g. installing wiring), services electrical equipment at a site and sells and installs electrical equipment. The electrical work performed includes new work, additions, alterations, maintenance and repairs.

    Industry Products
  • Electric power and systems installation and servicing
  • Telecommunications installation and servicing
  • Fire and security system installation and servicing
  • Electronic control system installation and servicing
  • Other services
  • Industry Activities
  • Electric light or power installation
  • Electric wiring installation on construction projects
  • Repair or maintenance of electrical wiring (except of electricity transmission or distribution lines)
  • Domestic exhaust fans installation
  • Closed-circuit video surveillance systems installation
  • Communication wiring and cabling installation
  • Repairs and maintenance of communication and electrical equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Value of private nonresidential construction
  • Value of residential construction
  • Access to credit
  • Housing starts
  • Private investment in manufacturing structures

  • Current Performance
  • Construction markets driving demand
  • Industry participation and labor shortage
  • Going green and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Decelerated growth in construction
  • Technological change
  • Industry structure and profit
  • Table: Electricians Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Heavy Engineering Construction
  • Computer & Packaged Software Wholesaling
  • Electrical Equipment Wholesaling
  • Property Management
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Construction & Mining Equipment Wholesaling
  • Electrical Equipment Wholesaling
  • Electronic Part & Equipment Wholesaling

  • Products & Services
  • Electric power and systems installation and servicing
  • Telecommunications installation and servicing
  • Electronic control system installation and servicing
  • Fire and security system installation and servicing
  • All other services
  • Highway, street, or bridge lighting and signal installation and serv
  • Chart: Electricians Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Institutional, educational and civic organizations and facilities
  • Residential units
  • Office buildings
  • Nonbuilding construction
  • Industrial buildings
  • Commercial buildings
  • All other nonresidential building projects
  • Hotels, motels and tourist cabins
  • Chart: Major Market Segmentation for the Electricians Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent and utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Electricians

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electricians Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electricians Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electricians Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of Private Non-residential Construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Climate Control
  • The technology of indoor and automotive environmental comfort.
  • Data Cabling
  • Electronic installation required to enable the sending and receiving of data between computer networks.
  • Low-Voltage
  • An electronic connection that uses low voltage, which is required to power fire alarms, household lights, air conditioning, music systems, security cameras and other electronic equipment.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Electricians contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electricians:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electricians market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electricians, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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