Power on: The industry has benefited from growth in downstream residential and nonresidential construction markets

The Electricians industry in New Jersey is comprised of establishments that perform electrical work and service, sell and install electrical equipment. Electrical work includes new work, additions, alterations, maintenance and repairs. The Electricians industry in New Jersey has performed well over the five years to 2018, with annualized growth in revenue estimated at 3.3% to $6.1 billion. In 2018 alone, revenue is estimated to grow 8.1%. During the period, the industry has benefited from growth in the downstream residential and nonresidential construction markets in New Jersey, as well as increased access to credit and per capita disposable income.Over the five years to 2018, IBISWorld estimates that the value of residential construction in New Jersey will grow an annualized...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
3.3%
Forecast Growth 18-23
Profit
Employment
28,888
Businesses
6,871

Industry Threats & Opportunities

  • The value of residential construction will be assisted by a sharp rebound in multifamily units
  • Additional Insights for the Electricians in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electricians in New Jersey 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 New Jersey and Value of residential construction in New Jersey in the Electricians in New Jersey industry impact industry performance..

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    What's in this report

    What is the Electricians in New Jersey 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 installation and servicing, including lighting
  • Telecommunications installation and servicing
  • Electronic and environmental control systems installation and servic
  • Fire and security systems installation and servicing
  • Highway, street or bridge lighting and signal installation and servi
  • All 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 in New Jersey
  • Value of residential construction in New Jersey
  • Access to Credit in New Jersey
  • Per Capita Disposable Income in New Jersey

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians in New Jersey 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 installation and servicing, including lighting
  • Fire and security systems installation and servicing
  • Telecommunications installation and servicing
  • Electronic and environmental control systems installation and servic
  • All other services
  • Highway, street or bridge lighting and signal installation and servi
  • Chart: Electricians in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Commercial, office building and manufacturing
  • Residential buildings
  • Institutional, educational, and civic organizations
  • Other building construction
  • Nonbuilding construction
  • Chart: Major Market Segmentation for the Electricians in New Jersey Industry

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

  • Basis of Competition
    Barriers to Entry
    AG Electrical Contractors, Richard V. Carney Electrical Contractors Inc., Fisher Electrical Contractors Inc., MDC Electrical Contractors LLC, Raymond Electrical Contractor Inc.,
  • Table: AG Electrical Contractors - financial performance
  • Table: Richard V. Carney Electrical Contractors Inc. - financial performance
  • Table: Fisher Electrical Contractors Inc. - financial performance
  • Table: MDC Electrical Contractors LLC - financial performance
  • Table: Raymond Electrical Contractor Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electricians in New Jersey 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 New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of Construction (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    The Electricians in New Jersey Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

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

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