Plugged in: Revenue will rise as demand from construction markets improves

The Electricians industry in Illinois is expected to grow over the five years to 2017. This projected growth is largely attributable to an increase in consumer spending activity, which has spurred manufacturing and business activity, and subsequently, the need for commercial and industrial facility expansion. In addition, the industry has benefited from the jump in housing starts, which has led to growth in demand for electrical work conducted on single-family homes and apartment complexes. Revenue is expected to increase at a slightly faster pace over the five years to 2022. Most sales growth will be largely driven by the continued expansion of nonresidential construction activity, which is expected to rise at a more rapid pace...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 12-17
2.4%
Forecast Growth 17-22
Profit
Employment
33,223
Businesses
8,375
What Our Customers Say

Industry Threats & Opportunities

  • The improving economy and rising consumer spending levels increased business spending, benefiting the industry
  • Heightened industrial production activity has improved demand for electrical maintenance work
  • Construction activity in Illinois will continue to improve as the economy further expands
  • Industry Report - Industry Products Chapter

    Electric power and systems installation and servicingFor the Electricians in Illinois industry, the electric power and systems installation and servicing segment (also defined as general electrical work) represents the largest service category, accounting for 73.3% of industry revenue. Electric power and systems installation and servicing include the installation, repair and maintenance of electrical power, wiring and related systems in residential and nonresidential structures. Over the past five years, a surge in construction activity, particularly in housing starts, has spurred an increase in general electrical work. Over the five years to 2022, IBISWorld estimates that housing starts and the value of private nonresidential construction are expected to moderate. Thi...purchase to read more.

    Additional Insights for the Electricians in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electricians in Illinois 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 in Illinois and Local and State Government Expenditure in Illinois in the Electricians in Illinois industry impact industry performance..

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    What is the Electricians in Illinois 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 servicing
  • Electric power and systems installation
  • Telecommunications installation and servicing
  • Environmental control system installation and servicing
  • 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 in Illinois
  • Local and State Government Expenditure in Illinois
  • Value of Residential Construction in Illinois
  • Yield on 10-year Treasury note

  • Current Performance
  • Rising downstream demand
  • Wages and expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction activity on the rise
  • Profit and competition
  • Table: Electricians in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians in Illinois 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 servicing
  • Electric power and systems installation
  • Telecommunications installation and servicing
  • Environmental control system installation and servicing
  • Other
  • Chart: Electricians in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Commercial buildings
  • Institutional, educational and civic organization buildings
  • Nonbuilding
  • Industrial buildings
  • Residential buildings
  • Other building
  • Chart: Major Market Segmentation for the Electricians in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Electricians in Illinois

  • Basis of Competition
  • Increasing qualifications
  • Offering competitive prices

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electricians in Illinois Industry

  • Aldridge GroupEMCOR Group Inc. MDU Construction Services Group Inc.MYR Group Inc.
  • Table: Aldridge Group - financial performance
  • Table: EMCOR Group Inc. - financial performance
  • Table: MDU Construction Services Group Inc. - financial performance
  • Table: MYR Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electricians in Illinois 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 in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Electric Power Consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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?

    The Electricians in Illinois industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 in Illinois:
    • 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 in Illinois 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 in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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