£30.4bn
£X.Xbn
208k
48,465
£X.Xbn
Revenue is forecast to climb at a compound annual rate of 0.9% over the five years through 2024-25 to £31.7 billion. Electrical contractors serve the construction sector, so procyclical commercial and residential construction trends influence revenue prospects. Hence, economic uncertainty associated with Brexit, the pandemic and the Russia-Ukraine conflict has caused year-on-year revenue volatility for the Electricians industry.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated £30.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
NG Bailey Ltd | 325.9 | |
Enerveo Ltd | 262.8 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Maintenance and repairs, Installations in new buildings and Circuitry and appliance upgrades. Maintenance and repairs is the largest segment of the Electricians in the UK.
Economic downturns support demand for electrical maintenance and repair services
Companies in this industry install electrical systems in all kinds of buildings and civil engineering structures. These systems include electrical wiring, telecommunications wiring, cable television wiring (including fibre optic), satellite dishes, street lighting, electric signals, fire alarms and burglar alarms. The industry also encompasses the installation of electric appliances and household equipment, including baseboard heating systems.
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SIC 43.21 - Electricians in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Faltering finances drive maintenance demand. Economic uncertainties and cost-of-living pressures have prompted businesses and homeowners alike to choose repairs over new inst...
Learn about an industry's products and services, markets and trends in international trade.
Government funding gives the residential market a boost. The UK government's dedicated support to tackle the housing shortage gives electricians a plethora of tender opportun...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
High-income regions remain the most popular among electricians. There are more companies based in areas like London and the South East, where customers are better positioned ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Electricians vie for business in several ways. They primarily compete on price, location, reputation, timeliness, customer service and safety record, often leveraging word-of...
Learn about the performance of the top companies in the industry.
There are no major players in the Electricians industry. Instead, there's a large number of small-scale and independent electricians operating in a limited geographical regio...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Electricians have to follow the Electricity at Work Regulations 1989. These put the onus on companies and all employees to ensure safety measures are implemented and risks mi...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Economic pressures cause electricians’ profit to dwindle. The devaluation of the pound, increased input costs and supply chain disruptions caused by COVID-19 and Russia-Ukrai...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Electricians in the UK industry in United Kingdom is £30.4bn in 2024.
There are 48,465 businesses in the Electricians in the UK industry in United Kingdom, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Electricians in the UK industry in United Kingdom has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Electricians in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Electricians market in United Kingdom are NG Bailey Ltd and Enerveo Ltd
Installations in new buildings and Circuitry and appliance upgrades are part of the Electricians in the UK industry.
The company holding the most market share in United Kingdom is NG Bailey Ltd.
The level of competition is high and increasing in the Electricians in the UK industry in United Kingdom.