Electricians in Canada - Industry Market Research Report
Description
Electricians in Canada
The Electricians industry in Canada provides an essential service for the construction of new buildings, in addition to homeowners and businesses in need of electrical repair or installation work. Industry operators run electrical and telecommunications wire and cabling through the internal structure of buildings. Additionally, they can be contracted for climate control, fire safety and fibre optic cable installations. They also perform work for large-scale industrial projects, such as factories and energy infrastructure, in addition to commercial or institutional buildings, such as office buildings and hospitals. The industry's largest companies pursue these lucrative contracts, while most contractors operate on a small, local basis and rely on the housing market for business. With demand being dispersed among many downstream construction markets, industry revenue is expected to have increased at a CAGR of 2.1% to $29.6 billion over the five years to 2023, including an expected 4.5% contraction in 2023 alone as interest rates rise amid inflation fears, cooling a hot housing market. This volatility is expected to result in slight profit decline in recent years.
The Electricians industry in Canada 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."
The Electricians industry in Canada provides an essential service for the construction of new buildings, in addition to homeowners and businesses in need of electrical repair or installation work. Industry operators run electrical and telecommunications wire and cabling through the internal structure of buildings. Additionally, they can be contracted for climate control, fire safety and fibre optic cable installations. They also perform work for large-scale industrial projects, such as factories and energy infrastructure, in addition to commercial or institutional buildings, such as office buildings and hospitals. The industry's largest companies pursue these lucrative contracts, while most contractors operate on a small, local basis and rely on the housing market for business. With demand being dispersed among many downstream construction markets, industry revenue is expected to have increased at a CAGR of 2.1% to $29.6 billion over the five years to 2023, including an expected 4.5% contraction in 2023 alone as interest rates rise amid inflation fears, cooling a hot housing market. This volatility is expected to result in slight profit decline in recent years.
The Electricians industry in Canada 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."
Table of Contents
38 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
