GITNUX MARKETDATA REPORT 2024

Electrical Contractor Industry Statistics

The electrical contractor industry is expected to experience steady growth due to increased construction activity and the growing demand for energy-efficient technologies.

With sources from: electrofed.com, constructiondive.com, alliedmarketresearch.com, statista.com and many more

Statistic 1

The electrical contractor industry in the US has a market size of $192.9 billion in 2021.

Statistic 2

The US electrical contractors industry has grown 2.1% annually from 2016 to 2021.

Statistic 3

The electrical contracting industry employs approximately 3.1% of all construction employees in Canada.

Statistic 4

In Australia, the electrical services industry is projected to grow at a compound annual growth rate (CAGR) of 1.7% over five years through 2024-25, to reach $20.8 billion.

Statistic 5

7% of overall revenue in the contractor industry in the USA, which is about $151.7 Billion, is taken by electrical contractors.

Statistic 6

The electrical contracting industry had an expected project growth of 5% in 2019.

Statistic 7

The global electrical services market is projected to reach approximately $675 Billion by 2027, at a CAGR of 8.3%.

Statistic 8

The percentage of electrical contracting businesses in Australia expected to invest in new technology in 2021 is 47.1%.

Statistic 9

The US electrical contractor industry contributed to 2.1% of GDP in 2020.

Statistic 10

In Canada, as of 2020, there were 8,448 electrical contractor businesses.

Statistic 11

California accounts for the largest share of electricians in the U.S., making up approximately 9.8% of the national total in 2019.

Statistic 12

The revenue of the electrical installation market in the U.S. in 2020 was around 190 billion U.S. dollars.

Statistic 13

In the UK, there were 288,262 electricians and electrical fitters in 2020.

Statistic 14

As of 2018, the largest 50 companies in the electrical contracting industry only account for about 15% of the total revenue.

Statistic 15

The global compound annual growth rate (CAGR) of the electrical contractor industry is estimated at 8.4%.

Sources Icon Sources

In this post, we explore key statistics and trends shaping the electrical contractor industry across various countries. From market size and growth rates to employment figures and technological investments, these data points offer valuable insights into the current landscape and future prospects of this dynamic sector.

Statistic 1

"The electrical contractor industry in the US has a market size of $192.9 billion in 2021."

Sources Icon

Statistic 2

"The US electrical contractors industry has grown 2.1% annually from 2016 to 2021."

Sources Icon

Statistic 3

"The electrical contracting industry employs approximately 3.1% of all construction employees in Canada."

Sources Icon

Statistic 4

"In Australia, the electrical services industry is projected to grow at a compound annual growth rate (CAGR) of 1.7% over five years through 2024-25, to reach $20.8 billion."

Sources Icon

Statistic 5

"7% of overall revenue in the contractor industry in the USA, which is about $151.7 Billion, is taken by electrical contractors."

Sources Icon

Statistic 6

"The electrical contracting industry had an expected project growth of 5% in 2019."

Sources Icon

Statistic 7

"The global electrical services market is projected to reach approximately $675 Billion by 2027, at a CAGR of 8.3%."

Sources Icon

Statistic 8

"The percentage of electrical contracting businesses in Australia expected to invest in new technology in 2021 is 47.1%."

Sources Icon

Statistic 9

"The US electrical contractor industry contributed to 2.1% of GDP in 2020."

Sources Icon

Statistic 10

"In Canada, as of 2020, there were 8,448 electrical contractor businesses."

Sources Icon

Statistic 11

"California accounts for the largest share of electricians in the U.S., making up approximately 9.8% of the national total in 2019."

Sources Icon

Statistic 12

"The revenue of the electrical installation market in the U.S. in 2020 was around 190 billion U.S. dollars."

Sources Icon

Statistic 13

"In the UK, there were 288,262 electricians and electrical fitters in 2020."

Sources Icon

Statistic 14

"As of 2018, the largest 50 companies in the electrical contracting industry only account for about 15% of the total revenue."

Sources Icon

Statistic 15

"The global compound annual growth rate (CAGR) of the electrical contractor industry is estimated at 8.4%."

Sources Icon

Interpretation

The statistics presented paint a comprehensive picture of the electrical contracting industry on a global scale, highlighting significant market sizes, growth rates, employment figures, and projected future trends. From the steady growth of the industry in the US and Canada to the increasing adoption of new technologies by businesses in Australia, it is evident that the sector is dynamic and evolving rapidly. With the global market projected to continue expanding at a substantial rate, driven by factors such as technological advancements and increasing infrastructure developments, electrical contractors are poised for continued success and opportunities for growth in the years to come.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!