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Electricians in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Electricians Market Research Report | NAICS 23821 | Jan 2017

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

IBISWorld’s Electricians market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$171bn
Annual Growth 12-17
4.1%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
968,083
Businesses
215,471
Industry Threats & Opportunities
  • Greater economic activity has increased the pool of available work for electricians
  • Specific kinds of electrical installation have grown over the past five years
  • Companies that specialize network cabling systems will benefit
  • ... purchase to read more

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... ... purchase to read more

Industry Report - Starting a New Business Chapter

The Electricians industry has moderate barriers to entry. The initial financial investment needed to become an electrician is limited to acquiring basic tools and electrical equipment, as well as standard cabling and wiring, and a van or truck for transportation to the worksite. Most states require electrical contractors to obtain a license. Nonfinancial barriers to entry, such as learning the skills needed to succeed as an electrician, can pose a greater challenge to new entrants. In particular, the presence of existing contractors who have a reputation in the local market can make obtaining business as a wholly independent electrician very difficult.

.. ... purchase to read more

Additional Insights for the Electricians Industry

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

     


    Industry ProductsRelated Reports

    What is the Electricians 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 servicingTelecommunications installation and servicingFire and security system installation and servicingElectronic control system installation and servicingOther services
     
    Industry Activities
    Electric light or power installation Electric wiring installation on construction projectsRepair or maintenance of electrical wiring (except of electricity transmission or distribution lines)Domestic exhaust fans installationClosed-circuit video surveillance systems installationCommunication wiring and cabling installationRepairs 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 residential construction
  • Value of private nonresidential construction
  • Demand from municipal building construction
  • Per capita disposable income
  • 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
  • Technology to drive growth
  • Companies expand, profit stalls
  • Overcoming workforce challenges
  • Table: Electricians Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians 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
  • Other services
  • Telecommunications installation and servicing
  • Electronic control system installation and servicing
  • Fire and security system installation and servicing
  • Chart: Electricians Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Commercial buildings
  • Institutional, educational and civic organization buildings
  • Nonbuilding construction
  • Industrial buildings
  • Single-family homes
  • Multifamily housing (e.g. apartment buildings)
  • Chart: Major Market Segmentation for the Electricians Industry
  • International Trade
    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
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electricians Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electricians 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 Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Construction (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • 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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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