Shock value: Growth in access to credit and private spending on home improvements will drive demand for electricians

The Ohio Electricians industry performs electrical work, services electrical equipment and sells and installs electrical equipment. This industry includes new work, additions, alterations, maintenance and repairs. In 2014, high growth in the value of residential construction drove demand for Ohio electrical contractors in combination with an increase in access to credit and in private spending on home improvements. However, meanwhile, sharp declines in non-residential construction weakened demand for industry operators. Overall, growth in residential construction, access to credit and private spending on home improvements more than offset declines in nonresidential construction. Over the five years to 2018, industry revenue is estimated to grow an annualized 2.8%, reaching $5.4 billion...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
2.8%
Forecast Growth 18-23
Profit
Employment
31,177
Businesses
6,000

Industry Threats & Opportunities

  • Growth is expected to be driven by construction and access to credit
  • Additional Insights for the Electricians in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electricians in Ohio Industry are

  • Having a good reputation
  • Having contacts within key markets
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Ohio and Access to credit in the Electricians in Ohio industry impact industry performance..

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    What's in this report

    What is the Electricians in Ohio 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, includes 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 construction and engineering 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
  • Per capita disposable income in Ohio
  • Access to credit
  • Private spending on home improvements
  • Value of private nonresidential construction in Ohio
  • Value of residential construction in Ohio

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians in Ohio 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, includes lighting
  • Telecommunications installation and servicing
  • All other construction and engineering services
  • 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
  • Chart: Electricians in Ohio Industry Products and Services Segmentation

  • Major Markets
  • commercial, office and manufacturing buildings
  • Institutional, educational and civic buildings
  • Other buildings
  • Nonbuilding electrical services
  • Residential buildings
  • Chart: Major Market Segmentation for the Electricians in Ohio 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 Ohio

  • Basis of Competition
    Barriers to Entry
    EMCOR Group Inc., Allied Electric Company Inc., Classic Electric LLC, Denier Electric Company Inc., ESI Electrical Contractors Inc., Rossmann Electric Contractors, Studebaker Electric Company,
  • Table: EMCOR Group Inc. - financial performance
  • Table: Allied Electric Company Inc. - financial performance
  • Table: Classic Electric LLC - financial performance
  • Table: Denier Electric Company Inc. - financial performance
  • Table: ESI Electrical Contractors Inc. - financial performance
  • Table: Rossmann Electric Contractors - financial performance
  • Table: Studebaker Electric Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electricians in Ohio 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 Ohio 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.
  • Electrical Contractor
  • An electrical contractor, in contrast to electricians, hold the required licenses and insurances to operate a business. Contractors can employ electricians.
  • Journeyman Electrician
  • An electrical worker who has completed an apprenticeship or training program. Not yet a contractor. After five years of trade experience, a journeyman can apply for their contractor’s license.
  • 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 industry research report on Electricians in Ohio provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

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

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