Sparking growth: Significant increases in construction activity have propelled revenue

Operators in the Electricians industry install new electrical and communications equipment, and repair and maintain existing systems. The industry is highly fragmented, with all operators having market shares of less than 5%. Demand for the industry's services is affected by trends in downstream construction markets. As a result, the industry rebounded robustly during the past five years, fuelled by the upturn in building and infrastructure construction activity. Improving economic conditions and technological advances also prompted downstream businesses and households to replace ageing electrical systems, which further propelled demand for services. However, difficulties associated with finding suitable employees and strong pricing pressures have somewhat restricted revenue growth...read more.

Industry Statistics & Market Size
Revenue
€2.2bn
Annual Growth 13-18
13.2%
Forecast Growth 18-23
Profit
Employment
19,351
Businesses
5,553
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Though revenue has risen strongly, growth has been restricted by pricing pressure and a skills shortage
  • A sharp increase in fast broadband coverage has supported demand for the industry's services
  • The government's commitment to increasing the housing stock is expected to increase industry demand
  • Industry Report - Industry Products Chapter

    Installation and maintenance of electrical power and systems In 2018, the Electricians industry is estimated to generate 66.3% of its revenue from the installation, repair and maintenance of electrical power, wiring, circuitry networks and related systems in buildings. This segment also includes the servicing of electric outlets, power control, and lighting. These services are spread primarily between the residential market, such as single-family homes and apartment buildings; and the non-residential market, which includes office buildings, retail spaces and institutional buildings.Installation and maintenance of telecommunications systems and wiringTelecommunications installation and maintenance is estimated to account for 10.6% o...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

  • Maintenance of excellent customer relations
  • Ability to quickly adopt new technology
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Demand from building construction and Business sentiment index in the Electricians industry impact industry performance..

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    What's in this report

    What is the Electricians in Ireland Industry?

    Operators in this industry install electrical systems in all kinds of buildings and civil engineering structures. These systems include electrical wiring, telecommunications wiring, street lighting, electrical signals, fire alarms and burglar alarms. The industry excludes the monitoring of electronic security systems, such as burglar and fire alarms, and the construction of communication and power transmission lines.

    Industry Products
  • Installation and maintenance of electric power and systems
  • Installation and maintenance of telecommunications systems
  • Installation and maintenance of fire and security systems
  • Installation and maintenance of electronic control systems
  • Installation and maintenance of road and railway lighting and signal
  • Other services
  • Industry Activities
  • Installing electrical wiring and fittings
  • Installing telecommunications wiring
  • Installing computer network and cable TV wiring
  • Installing satellite dishes
  • Installing street lighting, electrical signals and airport runway lights
  • Installing fire alarms and burglar alarms
  • Installing electric solar energy collectors
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from building construction
  • Business sentiment index
  • Demand from utility project construction
  • Gross disposable income of households

  • Current Performance
    Constructing demandTechnology and transport infrastructure Other growth driversEmployment and profit
  • Chart: Revenue Growth

  • Industry Outlook
    Building upInfrastructure construction
  • Table: Electricians Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricians Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Road & Railway Construction in Ireland
  • Building Construction in Ireland
  • Utility Project Construction in Ireland

  • Key Selling Industries
  • Information and Communication Equipment Wholesaling in Ireland
  • Mining, Construction & Civil Engineering Machinery Wholesaling in Ireland
  • Plumbing, Heating & Air Conditioning Installation in Ireland

  • Products & Services
  • Installation and maintenance of electric power and systems
  • Installation and maintenance of telecommunications systems
  • Installation and maintenance of electronic control systems
  • Installation and maintenance of fire and security systems
  • Other services
  • Installation and maintenance of road and railway lighting and signal
  • Chart: Electricians Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial
  • Residential
  • Infrastructure
  • Public sector
  • Industrial
  • Other
  • Chart: Major Market Segmentation for the Electricians Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Electricians Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Facilities Management Services
  • Multidiscipline services that are provided to maintain buildings, structures and industrial processes, including electrical services, plumbing, cleaning and security.
  • Ict
  • Information and communications technology. For electricians and electrical engineers, ICT often refers to the convergence of media, telecommunications and computer systems through common cabling.
  • Smart Lighting
  • Lighting that can be controlled from an app by using a smartphone or similar device.
  • What Our Customers Say

    Why buy this report?

    The Electricians in Ireland market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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

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