Power up: A rebounding nonresidential construction market will boost industry revenue

With demand being dispersed among many downstream construction markets, steady growth in overall construction investment over five years to 2018 provided the industry with steady demand for its services, as there was pent-up demand associated with the economy's ongoing recovery waiting to be unleashed. Yet, the continued collapse of commodity prices weighed on the nonresidential construction market in 2016, as investment in nonresidential building construction declined. The industry was bailed out by the residential construction market, however, as investment in residential building construction increased in 2016, offsetting a decline in demand from the nonresidential market. Overall, IBISWorld projects industry revenue to increase...read more.

Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 13-18
2.0%
Forecast Growth 18-23
Profit
Employment
113,122
Businesses
26,554
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The rebound in nonresidential markets will likely offset some of the decline in demand from the residential markets
  • Home renovation expenditure continues to bolster industry revenue
  • A resurgence in nonresidential building construction will replace some of the lost demand for industry services
  • Industry Report - Industry Products Chapter

    Electric power and systems installation and servicingThe Electricians industry in Canada generates the bulk of its revenue from the installation, repair and maintenance of electrical power, wiring and related systems in buildings across the construction market spectrum. This wide segment includes the servicing of electrical outlets and power control, fibre-optic cables and lighting. These services are spread primarily between the residential market (i.e. single-family homes and multifamily apartment buildings), the commercial market (i.e. office buildings and retail spaces) and the institutional market (i.e. hospitals and schools). Whi...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

  • Having a good reputation
  • Having contacts in key markets
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Value of nonresidential construction in the Electricians industry impact industry performance..

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    What's in this report

    What is the Electricians Industry?

    This industry performs electrical work at the site (e.g. installing wiring), services electrical equipment at the site and may also perform the combined activity of selling and installing electrical equipment. The electrical work performed includes new work, additions, alterations, maintenance and repairs. Contractors who primarily work on distribution and power line projects are excluded from the industry.

    Industry Products
  • Electric power and systems installation and servicing
  • Telecommunications installation and servicing
  • Fire and security system installation and servicing
  • Electronic control system installation and servicing
  • Other services
  • Industry Activities
  • Electric light or power installation
  • Electric wiring installation on construction projects
  • Repair or maintenance of electrical wiring (except of electricity transmission or distribution lines)
  • Domestic exhaust fans installation
  • Closed-circuit video surveillance systems installation
  • Communication wiring and cabling installation
  • Repairs and maintenance of communication and electrical equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Value of nonresidential construction
  • Residential renovation expenditure
  • Demand from municipal building construction

  • Current Performance
  • Electric landscape
  • Power restored
  • Renovating homeowners
  • Chart: Revenue Growth

  • Industry Outlook
  • Low energy
  • Exports to support industry growth
  • Table: Electricians Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Apartment & Condominium Construction in Canada
  • Industrial Building Construction in Canada
  • Property Management in Canada
  • Commercial Building Construction in Canada
  • Municipal Building Construction in Canada

  • Key Selling Industries
  • Construction & Forestry Equipment Wholesaling in Canada
  • Electrical Equipment Wholesaling in Canada
  • Electronic Part & Equipment Wholesaling in Canada

  • Products & Services
  • Electric power and systems installation and servicing
  • Other services
  • Telecommunications installation and servicing
  • Electronic control system installation and servicing
  • Fire and security system installation and servicing
  • Chart: Electricians Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Single-family construction
  • Multi-family construction
  • Commercial construction
  • Institutional and governmental construction
  • Industrial construction
  • 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
    ProfitPurchasesWagesDepreciation, rent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Electricians

  • Basis of 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)
  • Value of Residential Construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Climate Control
  • The technology of indoor and automotive environmental comfort.
  • Data Cabling
  • Electronic installation required to enable the sending and receiving of data between computer networks.
  • Low-Voltage
  • An electronic connection that uses low voltage, which is required to power fire alarms, household lights, air conditioning, music systems, security cameras and other electronic equipment.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electricians market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 of 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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