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
$164bn
Annual Growth 12-17
3.3%
Forecast Growth 17-22
Profit
Employment
1.0m
Businesses
222,661
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has expanded gradually, supported by new construction activity and an uptick in renovations
  • Many companies are opting for green energy control systems to reduce emissions and costs
  • An increase in renovation and retrofitting activity will support further industry growth
  • Industry Report - Industry Key Buyers Chapter

    The Electricians industry has a low level of concentration, as the top four industry operators capture less than 7.0% of total industry revenue. Most industry operators are small companies that serve the residential housing market in narrow geographic areas. The industry is fragmented, and most establishments, 86.1%, only employ 1 to 4 employees. In contrast, only a fraction, 0.04% of establishments, employ more than 500 employees. About 6.3% of establishments employ 5 to 9 employees, and 3.8% employ 10 to 19 people. According to IBISWorld and US Census estimates, non-employers account for 65.4% of total industry enterprises. The industry's low level of concentration is expected to continue in the five years to 2022. Mor...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 Value of private nonresidential construction and Housing starts 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
  • Value of private nonresidential construction
  • Housing starts
  • Private investment in manufacturing structures
  • Access to credit
  • Demand from electric power transmission

  • Current Performance
  • Commercial and residential construction
  • Going green and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction and infrastructure
  • 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
  • Other services
  • Electronic control system installation and servicing
  • Fire and security system installation and servicing
  • Chart: Electricians Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial buildings
  • Institutional, educational and civic organization buildings
  • Nonbuilding construction
  • Industrial buildings
  • Single-family homes
  • Other Non-residential buildings
  • Multifamily housing (e.g. apartment buildings)
  • 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
    ProfitPurchasesWagesDepreciation, 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Construction (2008-2022)

  • 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?

    The Electricians industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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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