Power up: Demand for installation and wiring on new residential buildings has sparked growth

The Electrical Services industry is one of the largest specialist construction industries. The industry provides essential services for a range of downstream construction and industrial markets. Electrical contractors install and maintain basic electrical circuitry on buildings and industrial equipment, and also install electric lights, power facilities and instrumentation.Over the past five years, electrical contractors have benefited from solid demand growth in the housing and non-residential building markets. However, industry operators have endured weak demand from several key markets. Slow household discretionary income growth has constrained consumer spending on household electrical installations...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Contractors have faced deteriorating demand from the infrastructure construction and industrial markets
  • Competition for home renovation and repair work has affected small-scale contractors
  • Demand from the residential building market is anticipated to recover from 2020-21 onwards
  • Industry Report - Industry Locations Chapter

    The geographic spread of electrical contractors closely corresponds with the distribution of population and economic activity across Australia. The three most populous states, New South Wales, Victoria and Queensland, account for approximately 78.4% of total industry enterprises, which broadly corresponds with their combined shares of the national population.New South Wales' share of total enterprises is consistent with the state's share of the national population. However, the state has a higher proportion of employer enterprises, as Sydney is densely populated, it has larger enterprises than the national average. Victoria accounts for approximately one-quarter of total enterprises, which closely corresponds with the state's share of the national population and economy...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
  • Construction trends
  • Developing markets
  • Profit and competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit and competition
  • Construction trends
  • Industry developments
  • 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
  • Chart: Cost Structure Benchmarking – Sector vs Electrical Services

  • Basis of 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
  • 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)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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 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 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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