Product Code: o&s1497
An electrician is a skilled tradesperson who specializes in the installation, maintenance, repair, and operation of electrical systems and equipment. Their expertise ranges from handling wiring and circuits to working with advanced electrical machinery and systems in residential, commercial, and industrial settings.
The electricians market consists of sales, by entities (organizations, sole traders and partnerships), of electricians' services that provide broader services to construction and maintenance industry, addressing the diverse needs of clients ranging from homeowners to large-scale industrial enterprises. These professionals work on electrical wiring, control systems and power distribution networks, among other tasks, to deliver essential energy and communication capabilities.
The global electricians market was valued at $930,329.22 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 1.00%.
Growing Demand For Electrical Vehicle Infrastructure
During the historic period, the growing demand for electrical vehicle infrastructure supported the growth of the electricians market. Electric vehicle infrastructure refers to the network of charging stations, power distribution systems and supporting technologies that enable the efficient charging, maintenance and operation of electric vehicles. Electric vehicle infrastructure requires electricians to install, maintain and upgrade charging stations, electrical systems and grid connections, ensuring safe and efficient operation of EV charging networks. For example, in April 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, there were 2.7 million public charging points globally by the end of 2022, with over 900,000 installed that year, marking a 55% increase compared to 2021 and aligning with pre-pandemic growth rates. China led with 360,000 new slow chargers, bringing its total to over 1 million, while Europe saw a 50% increase, reaching 460,000, with the Netherlands, France and Germany having the highest shares. The U.S. saw a 9% growth in slow charging points, the lowest among major markets, while Korea's stock doubled, reaching 184,000. Therefore, the growing demand for electrical vehicle infrastructure drove the growth of the industrial mold market.
Focus On Retrofit Solutions To Enhance System Efficiency
Major companies operating in the electricians market are focusing on developing innovative solutions, such as retrofit solutions, to enhance the efficiency, functionality, or sustainability of existing systems or equipment without the need for complete replacement, making them cost-effective and environmentally friendly. A retrofit solution involves upgrading or modifying existing systems, equipment, or structures to improve their performance, efficiency, or compliance with modern standards, often without requiring complete replacement. For instance, in April 2024, Schneider Electric, a France-based industrial technology company, launched the Resi9 Energy Center. The Resi9 Energy Center is an advanced retrofit solution for the French market, designed to secure electrical installations in homes equipped with modern energy devices and renewable systems. Unveiled at Schneider Electric's Innovation Summit in Paris, it represents a major advancement in energy management, offering superior safety, efficiency, and sustainability. This intelligent electrical panel, serving as the central hub of the home's energy infrastructure, ensures the safe operation of electrical devices and appliances while seamlessly integrating with the evolving energy landscape.
The global electricians market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 2.59 % of the total market in 2023.
Electricians Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global electricians market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for electricians? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The electricians market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider electricians market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by service type and by end user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the electricians market.
- Global Market Size And Growth Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by service type and by end user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for electricians providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Service Type: Electric Power And Systems Installation And Servicing; Telecommunications Installation And Servicing; Electronic Control System Installation And Servicing; Fire And Security System Installation And Servicing; Highway, Street, Or Bridge Lighting And Signal Installation And Servicing; Other Services
- 2) By End User: Residential; Commercial; Industrial
- Companies Mentioned: Quanta Services Inc.; MasTec Inc.; MYR Group Inc.; MMR Group Inc.; Mace Group
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; electricians indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Table of Contents
1 Executive Summary
- 1.1 Electricians - Market Attractiveness And Macro economic Landscape
2 Table Of Contents
3 List Of Tables
4 List Of Figures
5 Report Structure
6 Market Characteristics
- 6.1 General Market Definition
- 6.2 Summary
- 6.3 Electricians Market Definition And Segmentations
- 6.4 Market Segmentation By Service Type
- 6.4.1 Electric Power And Systems Installation And Servicing
- 6.4.2 Telecommunications Installation And Servicing
- 6.4.3 Electronic Control System Installation And Servicing
- 6.4.4 Fire And Security System Installation And Servicing
- 6.4.5 Highway, Street, Or Bridge Lighting And Signal Installation And Servicing
- 6.4.6 Other Services
- 6.5 Market Segmentation By End User
- 6.5.1 Residential
- 6.5.2 Commercial
- 6.5.3 Industrial
7 Major Market Trends
- 7.1 Focus On Retrofit Solutions To Enhance System Efficiency
- 7.2 Enhancing Skill Development Through Interactive Electricians Training Apps
- 7.3 Strategic Acquisitions Driving Growth
- 7.4 Smart Grid Development And Energy Sustainability Through Facility Expansion
8 Electricians Market - Macro Economic Scenario
- 8.1 COVID-19 Impact On The Electricians Market
- 8.2 Impact Of The War In Ukraine On The Electricians Market
- 8.3 Impact Of High Inflation On The Electricians Market
9 Sources Of Electricians Products For Electricians Market
10 Global Market Size and Growth
- 10.1 Market Size
- 10.2 Historic Market Growth, 2019 - 2024, Value ($ Million)
- 10.2.1 Market Drivers 2019 - 2024
- 10.2.2 Market Restraints 2019 - 2024
- 10.3 Forecast Market Growth, 2024 - 2029, 2034F Value ($ Million)
- 10.3.1 Market Drivers 2024 - 2029
- 10.3.2 Market Restraints 2024 - 2029
11 Global Electricians Market Segmentation
- 11.1 Global Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 11.2 Global Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
12 Electricians Market, Regional and Country Analysis
- 12.1 Global Electricians Market, By Region, Historic and Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 12.2 Global Electricians Market, By Country, Historic and Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
13 Asia-Pacific Market
- 13.1 Summary
- 13.1.1 Market Overview
- 13.1.2 Region Information
- 13.1.3 Market Information
- 13.1.4 Background Information
- 13.1.5 Government Initiatives
- 13.1.6 Regulations
- 13.1.7 Regulatory Bodies
- 13.1.8 Major Associations
- 13.1.9 Taxes Levied
- 13.1.10 Corporate Tax Structure
- 13.1.11 Investments
- 13.1.12 Major Companies
- 13.2 Asia-Pacific Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.3 Asia-Pacific Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.4 Asia-Pacific Electricians Market: Country Analysis
- 13.5 China Market
- 13.6 Summary
- 13.6.1 Market Overview
- 13.6.2 Country Information
- 13.6.3 Market Information
- 13.6.4 Background Information
- 13.6.5 Government Initiatives
- 13.6.6 Regulations
- 13.6.7 Regulatory Bodies
- 13.6.8 Major Associations
- 13.6.9 Taxes Levied
- 13.6.10 Corporate Tax Structure
- 13.6.11 Investments
- 13.6.12 Major Companies
- 13.7 China Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.8 China Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.9 India Market
- 13.10 India Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.11 India Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.12 Japan Market
- 13.13 Japan Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.14 Japan Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.15 Australia Market
- 13.16 Australia Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.17 Australia Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.18 Indonesia Market
- 13.19 Indonesia Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.20 Indonesia Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.21 South Korea Market
- 13.22 South Korea Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 13.23 South Korea Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
14 Western Europe Market
- 14.1 Summary
- 14.1.1 Market Overview
- 14.1.2 Region Information
- 14.1.3 Market Information
- 14.1.4 Background Information
- 14.1.5 Government Initiatives
- 14.1.6 Regulations
- 14.1.7 Regulatory Bodies
- 14.1.8 Major Associations
- 14.1.9 Taxes Levied
- 14.1.10 Corporate tax structure
- 14.1.11 Investments
- 14.1.12 Major Companies
- 14.2 Western Europe Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.3 Western Europe Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.4 Western Europe Electricians Market: Country Analysis
- 14.5 UK Market
- 14.6 UK Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.7 UK Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.8 Germany Market
- 14.9 Germany Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.10 Germany Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.11 France Market
- 14.12 France Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.13 France Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.14 Italy Market
- 14.15 Italy Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.16 Italy Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.17 Spain Market
- 14.18 Spain Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 14.19 Spain Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
15 Eastern Europe Market
- 15.1 Summary
- 15.1.1 Market Overview
- 15.1.2 Region Information
- 15.1.3 Market Information
- 15.1.4 Background Information
- 15.1.5 Government Initiatives
- 15.1.6 Regulations
- 15.1.7 Regulatory Bodies
- 15.1.8 Major Associations
- 15.1.9 Taxes Levied
- 15.1.10 Corporate Tax Structure
- 15.1.11 Investments
- 15.1.12 Major Companies
- 15.2 Eastern Europe Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 15.3 Eastern Europe Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 15.4 Eastern Europe Electricians Market: Country Analysis
- 15.5 Russia Market
- 15.6 Russia Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 15.7 Russia Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
16 North America Market
- 16.1 Summary
- 16.1.1 Market Overview
- 16.1.2 Region Information
- 16.1.3 Market Information
- 16.1.4 Background Information
- 16.1.5 Government Initiatives
- 16.1.6 Regulations
- 16.1.7 Regulatory Bodies
- 16.1.8 Major Associations
- 16.1.9 Taxes Levied
- 16.1.10 Corporate Tax Structure
- 16.1.11 Investments
- 16.1.12 Major Companies
- 16.2 North America Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 16.3 North America Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 16.4 North America Electricians Market: Country Analysis
- 16.5 USA Market
- 16.6 Summary
- 16.6.1 Market Overview
- 16.6.2 Country Information
- 16.6.3 Market Information
- 16.6.4 Background Information
- 16.6.5 Government Initiatives
- 16.6.6 Regulations
- 16.6.7 Regulatory Bodies
- 16.6.8 Major Associations
- 16.6.9 Taxes Levied
- 16.6.10 Corporate Tax Structure
- 16.6.11 Investments
- 16.6.12 Major Companies
- 16.7 USA Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 16.8 USA Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 16.9 Canada Market
- 16.10 Canada Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 16.11 Canada Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
17 South America Market
- 17.1 Summary
- 17.1.1 Market Overview
- 17.1.2 Region Information
- 17.1.3 Market Information
- 17.1.4 Background Information
- 17.1.5 Government Initiatives
- 17.1.6 Regulations
- 17.1.7 Regulatory Bodies
- 17.1.8 Major Associations
- 17.1.9 Taxes Levied
- 17.1.10 Corporate Tax Structure
- 17.1.11 Investments
- 17.1.12 Major Companies
- 17.2 South America Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 17.3 South America Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 17.4 South America Electricians Market: Country Analysis
- 17.5 Brazil Market
- 17.6 Brazil Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 17.7 Brazil Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
18 Middle East Market
- 18.1 Summary
- 18.1.1 Market Overview
- 18.1.2 Region Information
- 18.1.3 Market Information
- 18.1.4 Background Information
- 18.1.5 Government Initiatives
- 18.1.6 Regulations
- 18.1.7 Regulatory Bodies
- 18.1.8 Major Associations
- 18.1.9 Taxes Levied
- 18.1.10 Corporate Tax Structure
- 18.1.11 Investments
- 18.1.12 Major Companies
- 18.2 Middle East Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 18.3 Middle East Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
19 Africa Market
- 19.1 Summary
- 19.1.1 Market Overview
- 19.1.2 Region Information
- 19.1.3 Market Information
- 19.1.4 Background Information
- 19.1.5 Government Initiatives
- 19.1.6 Regulations
- 19.1.7 Regulatory Bodies
- 19.1.8 Major Associations
- 19.1.9 Taxes Levied
- 19.1.10 Corporate Tax Structure
- 19.1.11 Investments
- 19.1.12 Major Companies
- 19.2 Africa Electricians Market, Segmentation By Service Type, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
- 19.3 Africa Electricians Market, Segmentation By End User, Historic And Forecast, 2019 - 2024, 2029F, 2034F, Value ($ Million)
20 Competitive Landscape And Company Profiles
- 20.1 Company Profiles
- 20.2 Quanta Services Inc
- 20.2.1 Company Overview
- 20.2.2 Products And Services
- 20.2.3 Business Strategy
- 20.2.4 Financial Overview
- 20.3 MasTec Inc
- 20.3.1 Company Overview
- 20.3.2 Products And Services
- 20.3.3 Business Strategy
- 20.3.4 Financial Overview
- 20.4 MYR Group Inc
- 20.4.1 Company Overview
- 20.4.2 Products And Services
- 20.4.3 Financial Overview
- 20.5 MMR Group Inc
- 20.5.1 Company Overview
- 20.5.2 Products And Services
- 20.5.3 Financial Overview
- 20.6 Mace Group
- 20.6.1 Company Overview
- 20.6.2 Products And Services
- 20.6.3 Financial Overview
21 Other Major And Innovative Companies
- 21.1 Helix Electric Inc.
- 21.1.1 Company Overview
- 21.1.2 Products And Services
- 21.2 IES Holdings Inc.
- 21.2.1 Company Overview
- 21.2.2 Products And Services
- 21.3 EMCOR Group Inc.
- 21.3.1 Company Overview
- 21.3.2 Products And Services
- 21.4 Cache Valley Electric Co.
- 21.4.1 Company Overview
- 21.4.2 Products And Services
- 21.5 Cleveland Electric
- 21.5.1 Company Overview
- 21.5.2 Products And Services
- 21.6 Wayne J. Griffin Electric Inc.
- 21.6.1 Company Overview
- 21.6.2 Products And Services
- 21.7 Tilbury Douglas Engineering Limited
- 21.7.1 Company Overview
- 21.7.2 Products And Services
- 21.8 TClarke plc
- 21.8.1 Company Overview
- 21.8.2 Products And Services
- 21.9 MDU Construction Services Group Inc.
- 21.9.1 Company Overview
- 21.9.2 Products And Services
- 21.10 Motor City Electric Co.
- 21.10.1 Company Overview
- 21.10.2 Products And Services
- 21.11 Miller Electric Co.
- 21.11.1 Company Overview
- 21.11.2 Products And Services
- 21.12 E-J Electric Installation Co.
- 21.12.1 Company Overview
- 21.12.2 Products And Services
- 21.13 FES Limited.
- 21.13.1 Company Overview
- 21.13.2 Products And Services
- 21.14 Gratte Brothers Limited
- 21.14.1 Company Overview
- 21.14.2 Products And Services
- 21.15 McPhee Electric & Telecommunications Inc.
- 21.15.1 Company Overview
- 21.15.2 Products And Services
22 Competitive Benchmarking
23 Competitive Dashboard
24 Key Mergers And Acquisitions
- 24.1 Aecon Group Inc. Acquired Ainsworth Power Construction
- 24.2 Sojitz Corporation Acquired Freestate Electric LLC
- 24.3 Liberty Service Partners Acquired Luminous Electric
- 24.4 Quanta Services Acquired Cupertino Electric Inc.
- 24.5 Criticore Expands Capabilities With Acquisition Of Jenco Inc.
25 Opportunities And Strategies
- 25.1 Global Electricians Market In 2029 - Countries Offering Most New Opportunities
26 Electricians Market, Conclusions And Recommendations
- 26.1 Conclusions
- 26.2 Recommendations
- 26.2.1 Product
- 26.2.2 Place
- 26.2.3 Price
- 26.2.4 Promotion
- 26.2.5 People
27 Appendix
- 27.1 Geographies Covered
- 27.2 Market Data Sources
- 27.3 Research Methodology
- 27.4 Currencies
- 27.5 The Business Research Company
- 27.6 Copyright and Disclaimer