Sparking back: The industry is likely to grow for the second consecutive year, following a slump

Operators in the Electricians industry install new electrical, communications and industrial equipment, and repair and maintain existing systems. Demand for the industry’s services is affected by trends in downstream construction markets. These markets have somewhat recovered over the past five years, but prolonged lulls in demand for the industry’s services have resulted in strong price-based competition, weighing on the industry’s performance. However, sustained spending on essential repair services has helped to buoy, albeit marginal, industry growth.Demand for new installations remained relatively low at the start of the period, prompting operators to lower their prices in order to attract custom...read more.

Industry Statistics & Market Size
Revenue
£23.6bn
Annual Growth 14-19
0.3%
Forecast Growth 19-24
Profit
Employment
176,877
Businesses
44,213
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue performance has been limited by a skills shortage and price-based competition
  • Rising house prices and government schemes have supported demand from the residential market
  • Government schemes support demand, although the potential loss of EIB funding poses a threat
  • Industry Report - Starting a New Business Chapter

    The Electricians industry has moderate barriers to entry. Electricians are required to hold appropriate licences. All electrical installation and repair work must be undertaken by a licensed contractor that has obtained a National Vocational Qualification (NVQ) for commercial, industrial and residential installation, or the equivalent certification. Additional City & Guild certification covers specialist services, including certification for electro-technology, installation procedures, testing, and inspecting. In order to qualify, candidates must undertake a series of courses and pass several tests set out by the examination board. These courses require a financial payment, which is a recognised investment for the potential entrant. The...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
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as Demand from commercial building construction and Demand from residential building construction in the Electricians industry impact industry performance..

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    What's in this report

    What is the Electricians 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, electric signals, fire alarms and burglar alarms. The industry excludes the monitoring of electronic security systems and the construction of communication and power transmission lines.

    Industry Products
  • Maintenance and repairs
  • Installations in new buildings
  • Circuitry and appliance upgrades
  • Other installations
  • 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 and maintaining 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 commercial building construction
  • Demand from residential building construction
  • Demand from electricity and telecommunications infrastructure construction
  • Household expenditure on maintenance and repair
  • Business profit

  • Current Performance
  • Commercial market
  • Residential market
  • Infrastructure and public non-residential
  • Long-term agreements
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential market
  • Delivering infrastructure
  • Skills shortage
  • Long-term opportunities
  • Table: Electricians Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • Road & Motorway Construction
  • Electricity & Telecommunications Infrastructure Construction
  • Audio & Video Equipment Retailers
  • Electrical Household Appliance Retailing

  • Key Selling Industries
  • Electronic & Telecommunications Equipment Wholesaling
  • Hardware, Plumbing & Heating Equipment Wholesaling
  • Household Appliance & Television Wholesaling
  • Mining, Construction & Civil Engineering Machinery Wholesaling
  • Plumbing, Heating & Air Conditioning Installation
  • Wireless Telecommunications Carriers

  • Products & Services
  • Maintenance and repairs
  • Installations in new buildings
  • Circuitry and appliance upgrades
  • Other installations
  • Chart: Electricians Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial
  • Residential
  • Infrastructure
  • Public non-residential
  • Industrial
  • 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
    ProfitPurchasesWagesSubcontractor paymentsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Electricians

  • Basis of Competition
    Internal competitionExternal 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    4G
  • The fourth generation of mobile communication technology standards.
  • Facilities Management
  • Providing multidiscipline services to maintain buildings, structures and industrial processes, including electrical services, plumbing, cleaning and security.
  • Ict
  • For electricians and electrical engineers information and communications technology often refers to the convergence of media, telecommunications and computer systems through common cabling.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electricians market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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