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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
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Profit
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Employment
968,083
Businesses
215,471
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 - 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 33.0% of revenue, and depreciation accounts for a very small portion of revenue (0.7%). 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

 


Industry ProductsRelated ReportsTable of Contents

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


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