Wired in: The industry plugs into telecom with low demand from mining and construction

The Electrical Services industry is one of the largest specialist construction industries, providing essential services for a range of downstream construction and industrial markets. Industry activities include installing and maintaining basic electrical circuitry on buildings and industrial equipment, and installing electric lights, power facilities and instrumentation. However, electrical contractors have endured weak demand from several key markets over the past five years, as the slow growth in household discretionary income has constrained consumer spending on household electrical installations...read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 14-19
-0.7%
Forecast Growth 19-24
Profit
Employment
89,650
Businesses
39,100
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Contractors have faced low demand from key construction and industrial markets
  • Intense competition for building installation work has put downward pressure on profit margins
  • The industry is projected to benefit from improved demand across key construction markets
  • Industry Report - Starting a New Business Chapter

    Requirements for industry-recognised qualifications and licensing represent the industry's most significant barrier to entry. In addition to general qualifications, contractors must hold appropriate certification to work in specialised fields such as high-voltage installation and repair work. Operators specialising in power and mining industries must demonstrate the technical capabilities to be contracted for work on sophisticated and complex designs and systems.Qualifications and licensing requirements represent moderate entry barriers. Electrical qualifications can be acquired through TAFE-based apprenticeships combined with on-the-job training. Lic...purchase to read more.

    Additional Insights for the Electrical Services Industry

    IBISWorld has determined the most important Key Success Factors for the Electrical Services are:

  • Ability to expand and curtail operations rapidly in line with market demand
  • Ability to change which market the firm operates in
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from commercial and industrial building construction in the Electrical Services industry impact industry performance..

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    What's in this report

    What is the Electrical Services Industry?

    The industry consists of contractors that install electrical wiring or fittings in buildings and other construction projects. Industry operators also repair and maintain existing electrical equipment and fixtures.

    Industry Products
  • Electrical circuitry installation
  • Electrical circuitry upgrade and renovation
  • Maintenance and repair services
  • Other services
  • Industry Activities
  • Electrical wiring repair or maintenance
  • Electrical wiring installation
  • Closed-circuit video surveillance system installation
  • Exhaust fans installation
  • Electric lights and power fittings installation
  • Electrical and communication cabling and switching systems installation
  • Illuminated signs installation
  • Safety switches installation
  • Specialist industry-specific equipment installation
  • 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 residential building construction
  • Demand from commercial and industrial building construction
  • Demand from heavy industry and other non-building construction
  • Private capital expenditure on machinery and equipment
  • Demand from institutional building construction
  • Real household discretionary income

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Electrical Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Mining
  • Construction
  • Wholesale Trade
  • Residential Property Operators
  • Telecommunications Services
  • Office Property Operators
  • Retail Property Operators
  • Industrial and Other Property Operators

  • Key Selling Industries
  • Hardware Wholesaling
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Maintenance and repair services
  • Electrical circuitry upgrade and renovation
  • Electrical circuitry installation
  • Other services
  • Chart: Electrical Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential builders and households
  • Commercial and retail property developers and operators
  • Heavy industrial and engineering firms
  • Mixed customers
  • Chart: Major Market Segmentation for the Electrical Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Subcontractor, professional and technical service payments
  • Motor vehicle expenses
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Electrical Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electrical Services 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 Electrical Services 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 Electrical Services 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
    C-Bus
  • An installed communications protocol system used in the automation of buildings to control lighting systems and other electrical equipment, such as air conditioning and video-audio systems.
  • Electrotechnology
  • Work done on high technology systems such as light and power, hardware platforms, networking and automation.
  • Facilities Management
  • Providing multidisciplinary services in the maintenance of non-residential buildings (e.g. heating, ventilation and air conditioning; electrical services; plumbing; cleaning and security).
  • Led
  • A light source that is more energy efficient than traditional incandescent lights. LED installation is a key growth area for the industry.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electrical Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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

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