Electricians in Canada
With demand dispersed among many downstream construction markets, the strong growth levels that were witnessed across Canada's construction markets between 2012 and 2013 resulted in robust demand for industry services. Additionally, profit margins widened as contractors had a greater pool of projects to bid on. Subsequently, industry revenue contracted in 2016. Though nonresidential construction is expected to rise again over the five years to 2017, industry revenue is expected to decline slightly in 2017. Over the five-year period, IBISWorld projects industry revenue to grow thanks primarily to strong growth early in the period. Construction markets are projected to falter in the coming years, with notable drops in the projected number of housing starts and weak growth in the value of nonresidential construction. Consequently, industry revenue is expected to grow slowly over the five years to 2022.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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