Shocking: Industry revenue is increasing due to rebounds in both residential and nonresidential construction

Operators in the Electricians industry in Texas perform electrical work at a site (e.g. installing wiring), service electrical equipment at a site, sell and install electrical equipment and more. Following strong growth in nonresidential building activity, industry revenue has increased over the past five years. Growth in the number of housing starts has been the primary contributor to industry growth, with residential building construction activity in Texas skyrocketing over the past five years due to higher employment levels, rising per capita disposable income and expanded access to credit. In line with revenue growth, operators have experienced higher profit levels. Over the next five years, IBISWorld forecasts that revenue will continue growing...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Growth in the number of housing starts has been the primary contributor to industry growth
  • Demand for electrical work conducted on residential structures has increased
  • The State Highway Fund is expected to receive a boost as general sales tax revenue increases
  • Industry Report - Starting a New Business Chapter

    Despite the lucrative nature of the Electricians industry in Texas, moderate barriers to entry may discourage industry entry. Potential barriers to entry stem from the initial financial investment needed to become an electrician such as basic tools and electrical equipment, as well as standard cabling and wiring, and a van or truck for transportation to the worksite. Electricians should also be knowledgeable, and learn their trade through an apprenticeship with an experienced contractor or through a technical school. Unions and contractor groups typically sponsor apprenticeship programs and have basic requirements for entering, such as a high school diploma, a passing score on an aptitude test and passing a drug test. App...purchase to read more.

    Additional Insights for the Electricians in Texas Industry

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

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    What's in this report

    What is the Electricians in Texas 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
  • General electrical work
  • Electronic and environmental control systems
  • Fire and security systems
  • Roadway lighting systems
  • 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 residential construction in Texas
  • Value of private nonresidential construction in Texas
  • Local and State Government Expenditure in Texas
  • Yield on 10-year Treasury note

  • Current Performance
  • Surge in construction activity
  • Profit expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Transportation infrastructure investments
  • Sustained construction boom
  • Table: Electricians in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians in Texas 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
  • General electrical work
  • Other
  • Electronic and environmental control systems
  • Fire and security systems
  • Roadway lighting systems
  • Chart: Electricians in Texas Industry Products and Services Segmentation

  • Major Markets
  • Commercial
  • Residential
  • Other
  • Institutional
  • Industrial
  • Chart: Major Market Segmentation for the Electricians in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Electricians in Texas

  • Basis of Competition
  • Increasing qualifications
  • Offering competitive prices

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

  • EMCOR Group Inc., MYR Group Inc., Quanta Services Inc., Rosendin Electric Inc.,
  • Table: EMCOR Group Inc. - financial performance
  • Table: MYR Group Inc. - financial performance
  • Table: Quanta Services Inc. - financial performance
  • Table: Rosendin Electric Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electricians in Texas 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 Texas Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Residential Construction in Texas (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?

    The Electricians in Texas industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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

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