The Latest Electrician Industry Statistics Explained
61.6% of electricians are employed by the electrical contractors industry.
The statistic ‘61.6% of electricians are employed by the electrical contractors industry’ means that the majority of electricians, around 61.6%, are working in the electrical contractors sector. This suggests that this particular industry is the dominant employer of electricians, potentially due to the high demand for electrical services in various sectors such as construction, maintenance, and repair. This statistic highlights the significant role played by electrical contractor companies in providing employment opportunities for electricians and underscores the importance of this industry within the broader electrical services sector.
The global electricians market size was valued at $175.5 billion in 2020.
The statistic “The global electricians market size was valued at $175.5 billion in 2020” represents the total estimated value of the market for electricians’ services worldwide during the year 2020. This figure encompasses the collective revenue generated by electricians working in various sectors such as residential, commercial, and industrial settings. The market size reflects the demand for electrical services, including installation, repairs, maintenance, and upgrades, driven by factors such as urbanization, infrastructure development, technological advancements, and regulatory requirements. The $175.5 billion valuation highlights the significant financial scale of the electricians market on a global level, illustrating the importance of electrical expertise in meeting the electrical needs of individuals, businesses, and industries around the world.
Electricians have the biggest gender pay gap compared to all other jobs, with men earning 26.2% more than women.
The statistic indicates that there is a significant gender pay gap within the field of electricians, with men earning 26.2% more than women on average. This discrepancy suggests that male electricians are paid considerably more than their female counterparts for similar work, highlighting inequalities in pay based on gender within the profession. The data suggests that electricians experience one of the largest gender pay gaps among all occupations, reflecting wider societal issues related to gender discrimination and unequal pay practices. The statistic underscores the importance of addressing gender disparities in pay and promoting equal opportunities for all individuals within the field of electricians and across all industries.
In Canada, the number of people working as electricians has grown by 34% over the past five years.
The statistic stating that the number of people working as electricians in Canada has grown by 34% over the past five years indicates a substantial increase in the workforce within this particular industry. This growth suggests a higher demand for skilled electricians, likely driven by factors such as increased construction projects, renovations, and infrastructure development across the country. The rise in employment opportunities within the electrical trade may be influenced by various economic, technological, and demographic trends, highlighting the importance of this profession in meeting the evolving needs of the Canadian workforce and economy. Furthermore, this statistic implies potential opportunities for individuals interested in pursuing a career as an electrician, with a favorable job market outlook and potential for continued growth in the coming years.
88% of Electricians consider their job as stressful.
The statistic stating that 88% of electricians consider their job as stressful indicates a high level of perceived stress within the electrician profession. This finding suggests that a vast majority of electricians experience stress or pressure in their work environment, which could potentially impact their job performance, job satisfaction, and overall well-being. Understanding and addressing the sources of stress in the electrician profession, such as tight deadlines, physical demands, and job complexity, may be crucial in improving the mental health and job satisfaction of electricians. Additionally, providing support and resources to help electricians cope with stress could lead to a more positive work environment and better outcomes for both the workers and the industry as a whole.
The country with the most electricians per capita is Australia, with one electrician for every 278 residents.
The statistic shows that Australia has the highest concentration of electricians relative to its population size compared to other countries. With one electrician for every 278 residents, Australia has a robust electrical industry that serves the needs of its population effectively. This high ratio of electricians per capita reflects the country’s demand for electrical services and highlights the importance of the electrical trade within the Australian economy. The presence of a considerable number of electricians suggests a well-developed infrastructure and a strong emphasis on safety and compliance with electrical regulations in Australia.
Electricians make up about 1% of the total US workforce.
The statistic “Electricians make up about 1% of the total US workforce” indicates that approximately 1% of all employed individuals in the United States are classified as electricians. This suggests that electricians represent a relatively small proportion of the overall workforce in the country. While the specific number of electricians may vary over time and across different regions, this statistic gives us a rough estimate of the size and importance of the electrician profession within the broader labor market.
The demand for electricians in the United States is expected to increase by 105,000 by 2029.
The statistic indicates that there is projected to be a substantial increase in demand for electricians in the United States by the year 2029. The figure of 105,000 represents the projected growth in the number of job opportunities for electricians in various sectors such as construction, infrastructure development, and maintenance. This growth in demand could be due to factors such as population growth, aging infrastructure requiring upgrades and repairs, the transition towards renewable energy sources, and advancements in technology that require skilled electricians. Meeting this increased demand for electricians will likely require efforts to train and educate a larger workforce to fill these positions effectively.
About 4% of electricians are self-employed.
This statistic indicates that approximately 4% of individuals working as electricians are self-employed rather than being employed by a company or organization. Being self-employed implies that these electricians operate their own businesses, have control over their work schedules, and are responsible for various aspects such as marketing, managing finances, and providing their own equipment. This suggests that the majority of electricians are likely employed by companies or contractors, while a smaller proportion have chosen the path of self-employment in the field, which can offer greater flexibility and potentially higher earning potential but also comes with added responsibilities and risks.
Electricians have the fifth highest divorce rate by profession, at 20.3%.
The statistic stating that electricians have the fifth highest divorce rate among professions, at 20.3%, implies that a relatively large proportion of electricians experience divorce compared to other occupations. This may suggest that the demands and stress of being an electrician could play a role in the strain on their marriages, such as irregular working hours, physical demands of the job, or potential strains on family life. It could also reflect underlying social factors within the profession that contribute to higher divorce rates. Overall, this statistic highlights the importance of recognizing the potential impact of career choices on personal relationships and the need for support systems within the profession to address these challenges.
The electrician industry is projected to generate $192.9 billion in revenue in 2021.
The statistic indicates that the electrician industry is predicted to generate a total of $192.9 billion in revenue throughout the year 2021. This suggests a significant level of economic activity within the industry, reflecting the demand for electrical services in various sectors such as residential, commercial, and industrial. The projected revenue figure embodies the value of services provided by electricians, ranging from installations and repairs to maintenance and upgrades. This statistic serves as an indicator of the industry’s contribution to the overall economy, illustrating its importance in supporting infrastructure development, technology advancements, and overall functioning of society.
Large electricians firms, those employing over 100 people, make up only 0.3% of the businesses in the industry.
This statistic suggests that the majority of businesses in the electricians industry are relatively small, with only a very small proportion of firms employing over 100 people. Specifically, large electricians firms, defined as those with over 100 employees, account for just 0.3% of all businesses in the industry. This indicates that the industry is primarily comprised of smaller businesses, likely including independent contractors or smaller companies. The dominance of smaller businesses in the industry may have implications for market competition, employment practices, and overall industry dynamics.
References
0. – https://www.www.grandviewresearch.com
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2. – https://www.www.statista.com
3. – https://www.www.jobbank.gc.ca
4. – https://www.www.ibisworld.com
5. – https://www.www.lincolntech.edu
6. – https://www.datausa.io
