Overview

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

IBISWorld’s Electricians market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$171bn
Annual Growth
12-17
4.1%
Annual Growth
17-22
Profit
Employment
968,083
Business
215,471

Industry Threats & Opportunities

  • Greater economic activity has increased the pool of available work for electricians
  • Specific kinds of electrical installation have grown over the past five years
  • Companies that specialize network cabling systems will benefit

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Products Chapter

    Electric power and systems installation and servicing

    The Electricians industry generates the bulk of its revenue (66.7%) from the installation, repair and maintenance of electrical power, wiring and related systems in buildings across the construction market spectrum. This wide segment includes the servicing of electric outlets and power control, fiber-optic cable and lighting. These services are spread primarily between the residential market (i.e. single-family homes and multifamily apartment buildings) and the commercial market (i.e. office buildings and retail spaces). Every new home or building requires basic electrical infrastructure installation, and the repair of electric systems (e.g. res..

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    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 residential construction and Value of private nonresidential construction in the Electricians industry impact industry performance..

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    Look under the hood?

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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Value of private nonresidential construction
  • Demand from municipal building construction
  • Per capita disposable income
  • Yield on 10-year Treasury note

  • Current Performance
  • Residential and commercial construction expand
  • A new spark of demand
  • Industry profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology to drive growth
  • Companies expand, profit stalls
  • Overcoming workforce challenges
  • Table: Electricians Industry Revenue Outlook

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

  • Products & Markets
    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
  • Other services
  • Telecommunications installation and servicing
  • 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
  • Multifamily housing (e.g. apartment buildings)
  • Chart: Major Market Segmentation for the Electricians Industry

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

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

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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