Electricians in the US - Industry Market Research Report
Description
Electricians in the US - Industry Market Research Report
Electricians in the US
The Electricians industry powers the modern economy and digital lifestyle. It includes electrical workers who service, sell and install electrical equipment and perform electrical work at a site. While most electrical work is done on new construction, a third of electrician revenue comes from electrical upgrades. Between 2018 and 2023, electricians kept the lights on by capitalizing on a housing expansion while simultaneously continuing emergency repairs during the COVID-19 pandemic. Simultaneously, economic activity has improved, despite the pandemic still creating significant harm for the nonresidential construction and utility sectors. Despite the COVID-19 pandemic, over the past five years, industry revenue has been rising at a CAGR of 0.4%, reaching an estimated $239.1 billion in 2023, despite being projected to fall 1.4% in 2023.
This industry performs electrical work at a site and services, sells and installs electrical equipment. The electrical services performed include new work, additions, alterations, maintenance and repairs.
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.
Electricians in the US
The Electricians industry powers the modern economy and digital lifestyle. It includes electrical workers who service, sell and install electrical equipment and perform electrical work at a site. While most electrical work is done on new construction, a third of electrician revenue comes from electrical upgrades. Between 2018 and 2023, electricians kept the lights on by capitalizing on a housing expansion while simultaneously continuing emergency repairs during the COVID-19 pandemic. Simultaneously, economic activity has improved, despite the pandemic still creating significant harm for the nonresidential construction and utility sectors. Despite the COVID-19 pandemic, over the past five years, industry revenue has been rising at a CAGR of 0.4%, reaching an estimated $239.1 billion in 2023, despite being projected to fall 1.4% in 2023.
This industry performs electrical work at a site and services, sells and installs electrical equipment. The electrical services performed include new work, additions, alterations, maintenance and repairs.
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
52 Pages
- TABLE OF CONTENTS
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
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