Power up: Growth in construction markets has created steady demand for industry services

The Electricians industry in Canada provides an essential service for both the construction of new buildings in addition to homeowners and businesses in need of electrical repair or installation work. Industry operators run electrical and telecommunications wire and cabling through the internal structure of buildings and can be contracted for climate control, fire safety and fibre optic cable installations. With demand being dispersed among many downstream construction markets, growth in overall construction investment provided the industry with steady demand for its services. Yet, the continued collapse of commodity prices weighed on the nonresidential construction market as investment in nonresidential building construction declined...read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 14-19
0.2%
Forecast Growth 19-24
Profit
Employment
115,176
Businesses
26,900
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong demand from the residential construction market will support industry revenue growth
  • The industry is typically immune to contraction in individual downstream markets
  • Increased business activity in the energy sector will benefit industry operators
  • Industry Report - Starting a New Business Chapter

    The Electricians industry in Canada has low barriers to entry. The initial financial investment needed to become an electrician is limited to acquiring basic tools and electrical equipment, standard cabling and wiring, and a van or truck for transportation to the worksite. Nonfinancial barriers to entry, such as learning the skills needed to succeed as an electrician, can pose a greater challenge to new entrants. The presence of existing contractors who have a reputation in the local market can make obtaining business as a wholly independent electrician difficult.Electricians learn their trade through apprenticeship programs governed by associations, such as the Commission de la construction du Quebec. Ent...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
  • Industry landscape
  • 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
  • Multi-family construction
  • Single-family construction
  • Commercial construction
  • Institutional and governmental construction
  • Industrial markets
  • 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
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Value of Residential Construction (2010-2024)

  • 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?

    The Electricians 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:
    • 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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