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

IBISWorld’s Electricians in New York Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Electricians in New York industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.


Industry Threats & Opportunities

  • Greater economic activity has increased the pool of available work for electricians
  • Many businesses have opted for energy conservation and efficiency to reduce recurring costs
  • Given the influx of people to urban centers, space will become an increasingly invaluable commodity

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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 Analysis Chapter

    Electricians in New York have experienced a surge in demand over the five years to 2017, following two years of steep revenue declines. In particular, the housing market has grown rapidly throughout this period. This growth has been followed by a similar acceleration in commercial construction, supporting demand for electrical contractors from this important segment to increase as well. As a result of robust construction markets, industry revenue is expected to increase an annualized 4.6% to $13.0 billion over the current period, including a projected 2.7% increase in 2017 alone.

    The Electricians industry is one of the largest specialty contracting industries in New York state. According to data sourced from the US Census, the industry accounted for roughly 10.0% o..

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    Additional Insights for the Electricians in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electricians in New York 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 York and Value of Residential Construction in New York in the Electricians in New York industry impact industry performance..

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    Industry Products

    What is the Electricians in New York 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 private nonresidential construction in New York
  • Value of Residential Construction in New York
  • Unemployment Rate in New York
  • 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
  • Building up despite a stagnant population
  • Support from nonresidential sector
  • Table: Electricians in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians in New York 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
  • Telecommunications installation and servicing
  • Fire and security system installation and servicing
  • Other services
  • Electronic control system installation and servicing
  • Chart: Electricians in New York Industry Products and Services Segmentation

  • Major Markets
  • Commercial buildings
  • Institutional, educational and civic organization buildings
  • Nonbuilding construction
  • Single-family homes
  • Industrial buildings
  • Multifamily housing (e.g. apartment buildings)
  • Chart: Major Market Segmentation for the Electricians in New York Industry

  • 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 in New York

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

  • Major Companies
    ABM Industries Inc.E-J Electric Installation Co.EMCOR Group Inc. Five Star Electric
  • Table: ABM Industries Inc. - financial performance
  • Table: E-J Electric Installation Co. - financial performance
  • Table: EMCOR Group Inc. - financial performance
  • Table: Five Star Electric - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electricians in New York 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 in New York Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Private Nonresidential Construction in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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 in New York:
    • 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 York 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 York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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