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...read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
4.6%
Forecast Growth 17-22
Profit
Employment
68,453
Businesses
14,051

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
  • Industry Report - Industry Investment Chapter

    The Electricians industry is service oriented and relies on the skills and knowledge of individual electrical contractors rather than the capabilities of heavy equipment or technology. Consequently, wages comprise a large cost segment for the industry at 31.6% of revenue, and depreciation accounts for a very small portion of revenue (1.0%). Start-up expenses are largely limited to basic tools and materials purchases, such as wiring and cables. For most electricians, the heaviest equipment owned is the van or truck used to transport materials and travel to worksites. Lar...purchase to read more.

    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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    What's in this report

    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

    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 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

  • 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
    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

  • 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

  • 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
    Table: Industry Data for the Electricians in New York Industry
    Includes:
  • 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
    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?

    IBISWorld’s Electricians in New York Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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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