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Electrical Installation in Spain - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ES-F4321 March 2024 Factsheet

Revenue

€16.7bn

2019-2024 2.3 %
2024-2029 X.X %

Employees

163k

2019-2024 5.6 %
2024-2029 X.X %

Businesses

38,484

2019-2024 0.7 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Electrical Installation in Spain market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Spain compared to Europe?

Country Benchmarking

Industry Data Spain

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#5 In Europe
Business
#7 In Europe
Employees
#5 In Europe
Wages
#4 In Europe

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Revenue is forecast to contract at a compound annual rate of 2.8% over the five years through 2024 to €239.9 billion. Since the inception of the COVID-19 pandemic, weak economic conditions have restricted the number of new projects coming to fruition, hindering the number of big-ticket tender opportunities available for electricians to bid for and obtain. Businesses have remained cautious amid an uncertain economic outlook, opting to preserve cash and postpone or cancel significant construction projects.

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Enterprises
Number of businesses in 2024

Biggest companies in the Electrical Installation in Spain

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Siemens AG
72,439.3
5,123.2
7.1
Vinci SA
66,833.8
7,264.0
10.9
Enel SpA
20,535.6
5,562.8
27.1

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Top Questions Answered in this Report

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What is the market size of the Electrical Installation industry in Spain in 2024?

The market size of the Electrical Installation industry in Spain is €16.7bn in 2024.

How many businesses are there in the Electrical Installation in Spain industry in 2024?

There are 38,484 businesses in the Electrical Installation industry in Spain, which has grown at a CAGR of 0.7 % between 2019 and 2024.

Has the Electrical Installation industry in Spain grown or declined over the past 5 years?

The market size of the Electrical Installation industry in Spain has been growing at a CAGR of 2.3 % between 2019 and 2024.

What is the forecast growth of the Electrical Installation industry in Spain over the next 5 years?

Over the next five years, the Electrical Installation industry in Spain is expected to grow.

What are the biggest companies in the Electrical Installation market in Spain?

The biggest companies operating in the Electrical Installation market in Spain are Siemens AG, Vinci SA and Enel SpA

What does the Electrical Installation in Spain include?

Maintenance and repairs and Installations in new buildings are part of the Electrical Installation industry.

Which companies have the highest market share in the Electrical Installation in Spain?

The company holding the most market share in Spain is Siemens AG.

How competitive is the Electrical Installation industry in Spain?

The level of competition is high and steady in the Electrical Installation industry in Spain.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in the industry install, repair and maintain electrical systems in buildings and civil engineering structures. Electricians provide services to customers in all construction sub-sectors, with many running small-scale, owner-operated businesses.

Related Terms

5G TelecommunicationTelecommunicationOptic Fibre

What's included in this industry?

Maintenance and repairsInstallations in new buildingsCircuitry and appliance upgrades

Companies

Siemens AGVinci SAEnel SpA

Industry Code

ISIC 2006

4321 - Electrical installation in Spain

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Electrical Installation in Spain industry?


Outlook

Analysis

What's driving the Electrical Installation in Spain industry outlook?


Volatility

Analysis

What influences volatility in the Electrical Installation in Spain industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Electrical Installation in Spain industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Repair and maintenance services are resilient. As repair and maintenance services are essential, revenue from this segment is consistently high.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Electrical Installation in Spain industry's products and services performing?

Analysis

What are innovations in the Electrical Installation in Spain industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Electrical Installation in Spain industry?


International Trade

Highlights

  • Total Imports into Spain
  • Total Exports into Spain
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The majority of electrical installation contractors operate on a small scale. Due to the fragmented nature of the industry, contractors tend to focus on serving limited geographical regions.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Electrical Installation in Spain located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Electricians must follow building regulations. Governments impose building regulations which contain standards that electrical installations must meet to pass checks and inspections.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Electrical Installation in Spain industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profitability is inflated. Many electricians are owner-operated businesses, so owners take renumeration from a share of profit rather than traditional wages.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Electrical Installation in Spain industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.