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Electrical Contractors Market Outlook Report

Published On: Feb, 2025
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Pages: 150

The Electrical Contractors Market is estimated at USD 954.4 billion in 2024. Further, the market is expected to grow from USD 996.5 billion in 2025 to USD 1,469.4 billion in 2034 at a CAGR of 4.41%.

Electrical Contractors Market Market Overview

An electrical contractor is an entrepreneur or a company that works in technical architecture associated with designing, installing, and maintaining electrical systems in amenities (i.e., homes, offices, and industrial buildings). The common misconception about electrical Contractors is that they are limited to installing electrical equipment. While they have the exclusive competencies to do so, they are also involved upstream and downstream of the installation stage. In the construction industry, electrical contractors are generally categorized into three major work types: inside electrical contractors, outside electrical contractors and integrated building systems contractors. Electrical contractors are also strongly engaged in the engineering and infrastructure market. Whether it is public infrastructure for lighting, electricity or telecoms, power plants, or airports, they have the knowledge to handle all types of electrical installations. 

North America is the leading region in the electrical contractors market, powered by strong investments in infrastructure modernization, widespread adoption of smart grid technologies, and a growing emphasis on energy-efficient construction across residential and commercial sectors.

Non-residential construction is the dominating segment in the electrical contractors market, fueled by the rapid expansion of industrial facilities, commercial complexes, and data centers, alongside rising demand for advanced electrical installation and maintenance services.

Global Electrical Contractors Market Analysis 2025-2032: Industry Size, Share, Growth Trends, Competition and Forecast Report

Latest Trends in Electrical Contractors Market

Decentralized Electrical and Digital Technologies: 
The key technologies driving the electrical contracting sector growth include decentralized renewable-based power plants, heat pumps, digital and smart building technologies, Power over Ethernet, electrical vehicle charging infrastructure, battery storage, smart cities, power grids, and IT & Telecom infrastructure. In particular, there is an increase in demand for decentralized power plants producing renewable energy, sometimes coupled with storage solutions and electric heating and transport technologies. 
Consumers are also increasingly asking for connected objects controlled by energy management systems to support energy efficiencies and improve buildings' safety, health and comfort. The growing market of simple home entertainment and audiovisual devices is not positively impacting the electrical contracting sector, as such devices are often sold as part of ""Do-It-Yourself"" or ""Plug-and-Play"" kits. On the other hand, electro-technical service companies are increasingly involved in the design, installation, integration, operation and maintenance of sophisticated smart building systems in residential, commercial and industrial buildings, especially when energy management systems are part of the package.

Driving Factors

Growing demand for electricians:
Electricians are highly skilled and proficient professionals dealing with electronic circuits, power supplies, lighting systems, and electronic outlets. In a world with an increasing demand for home solar panels and electric vehicle chargers, the field of electricity is changing rapidly. Through continuing education, electricians must learn how to install and repair new products and code changes. A growing need to update the power grid, expand communications equipment, and connect alternative energy sources to homes is creating an increased demand for electricians. 

Market Challenges

Shortage of Electricians:
The shortage of skilled workforce has been a major issue in every industry across the globe over the years. Before the pandemic, a shortage of skilled electricians already burdened the U.S. electrical industry. The National Electrical Contractors Association estimates that 10,000 electricians retire yearly but are replaced by only 7,000. Electricians are leaving the field due to retirement, disability, or career change faster than new ones are joining the field. Many recruitments are being postponed due to a lack of predictability for the coming years. Such a delay is detrimental to electrical contractors seeking to meet growing demand and recovery efforts. 

Companies Mentioned

  • Quanta Services Inc.
  • MYR Group Inc.
  • IES Holdings Inc.
  • MDU Construction Services Group Inc.
  • MMR Group Inc.
  • Helix Electric Inc.
  • Cupertino Electric Inc.
  • Cache Valley Electric Co.
  • Miller Electric Co.
  • Tilbury Douglas Engineering Limited
  • TClarke plc
  • Wayne J. Griffin Electric Inc.
  • Motor City Electric Co.
  • MasTec Inc.
  • E-J Electric Installation Co.
  • Carter Synergy Limited
  • McPhee Electric & Telecommunications Inc.
  • Gratte Brothers Limited
  • Hunt Electric Corp.
  • Five Star Electric Corp.
  • Clarkson Evans Limited
  • Haydon Mechanical & Electrical
  • LJJ Ltd.
  • Gloster MEP Limited
  • Halsall Electrical Limited
  • Quartzelec Ltd.
  • Cilantro Engineering UK Ltd.
  • FES Limited
  • F.P.Hurley & Sons Limited

Market Scope

Parameter

Detail

Base Year

2024

Estimated Year

2025

Forecast Period

2026-2032

Market Size-Units

USD billion

Market Splits Covered

By Product, By Service Type, and By End-User

Countries Covered

North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)

Analysis Covered

Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies

Customization

10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed

Post-Sale Support

4 analyst hours, available up to 4 weeks

Delivery Format

The Latest Updated PDF and Excel Data file

Market Segmentation

By Product Type
Electrical Wiring Services
Power distribution
Lighting systems
Control & Automation
Uninterrupted power systems
Other

By Service Type
New Construction
Renovation
Maintenance & Repair

By End-User
Residential
Commercial
Infra & Engineering
Others

By Geography
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
 

TABLE OF CONTENTS

1. GLOBALELECTRICAL CONTRACTORS INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions

2. ELECTRICAL CONTRACTORS MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2021-2030
2.1. Electrical Contractors Market Latest Trends
2.1.1. Decentralized Electrical and Digital Technologies:
2.1.2. Growing digitalization:
2.1.3. Growing number of R&D investments & partnerships:
2.1.4. Government focus on the reconstruction of transmission & distribution lines across the existing infrastructure:
2.1.5. Use of AR & VR, Increasing Smart Home Trends:
2.2. Electrical Contractors Market Insights, 2021-2030
2.2.1. Leading Electrical Contractors Product Type, 2021-2030
2.2.2. Leading Electrical Contractors Communication Service Type, 2021-2030
2.2.3. Dominant Electrical Contractors Application, 2021-2030
2.2.4. Fast-Growing Geographies for Electrical Contractors, 2021-2030
2.3. Electrical Contractors Market Drivers to 2030
2.3.1. Growing demand for electricians:
2.3.2. Rising Globalization and Increasing Consumer & Commercial Trends:
2.3.3. Ongoing construction activities across commercial, industrial, and utility sectors:
2.3.4. Grid Modernization & Smart Grid Deployments:
2.4. Electrical Contractors Market Restraints to 2030
2.4.1. Shortage of Electricians:
2.4.2. Fluctuating Raw Material Prices:
2.4.3. Logistics Bottlenecks & Supply Chain Issues:
2.5. Electrical Contractors Market-Five Forces Analysis

3. GLOBAL ELECTRICAL CONTRACTORS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
3.1. Global Electrical Contractors Market Overview, 2021
3.2. Global Electrical Contractors Market Size and Share Outlook, By Product Type, 2021-2030
3.2.1. Electrical Wiring Services
3.2.2. Power distribution
3.2.3. Lighting systems
3.2.4. Control & Automation
3.2.5. Uninterrupted power systems
3.2.6. Other Services
3.3. Global Electrical Contractors Market Size and Share Outlook, By Service Type, 2021-2030
3.3.1. New Construction
3.3.2. Renovation
3.3.3. Maintenance & Repair
3.4. Global Electrical Contractors Market Size and Share Outlook, By End User, 2021-2030
3.4.1. Residential
3.4.2. Commercial
3.4.3. Infra & Engineering
3.4.4. Other End Users
3.5. Global Electrical Contractors Market Size and Share Outlook by Region, 2021-2030

4. NORTH AMERICA ELECTRICAL CONTRACTORS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
4.1. North America Electrical Contractors Market Overview, 2021
4.2. North America Electrical Contractors Market Size and Share Outlook by Product Type, 2021-2030
4.3. North America Electrical Contractors Market Size and Share Outlook, By Service Type, 2021-2030
4.4. North America Electrical Contractors Market Size and Share Outlook, By End User, 2021-2030
4.5. North America Electrical Contractors Market Size and Share Outlook by Country, 2021-2030
4.5.1. United States
4.5.2. Canada
4.5.3. Mexico

5. EUROPE ELECTRICAL CONTRACTORS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
5.1. Europe Electrical Contractors Market Overview, 2021
5.2. Europe Electrical Contractors Market Size and Share Outlook by Product Type, 2021-2030
5.3. Europe Electrical Contractors Market Size and Share Outlook, By Service Type, 2021-2030
5.4. Europe Electrical Contractors Market Size and Share Outlook, By End User, 2021-2030
5.5. Europe Electrical Contractors Market Size and Share Outlook by Country, 2021-2030
5.5.1. Germany
5.5.2. France
5.5.3. UK
5.5.4. Italy
5.5.5. Spain
5.5.6. Rest of Europe

6. ASIA PACIFIC ELECTRICAL CONTRACTORS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
6.1. Asia Pacific Electrical Contractors Market Overview, 2021
6.2. Asia Pacific Electrical Contractors Market Size and Share Outlook by Product Type, 2021-2030
6.3. Asia Pacific Electrical Contractors Market Size and Share Outlook, By Service Type, 2021-2030
6.4. Asia Pacific Electrical Contractors Market Size and Share Outlook, By End User, 2021-2030
6.5. Asia Pacific Electrical Contractors Market Size and Share Outlook by Country, 2021-2030
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. Rest of Asia Pacific

7. SOUTH AND CENTRAL AMERICA ELECTRICAL CONTRACTORS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
7.1. South and Central America Electrical Contractors Market Overview, 2021
7.2. South and Central America Electrical Contractors Market Size and Share Outlook by Product Type, 2021-2030
7.3. South and Central America Electrical Contractors Market Size and Share Outlook, By Service Type, 2021-2030
7.4. South and Central America Electrical Contractors Market Size and Share Outlook, By End User, 2021-2030
7.5. South and Central America Electrical Contractors Market Size and Share Outlook by Country, 2021-2030
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South and Central America

8. MIDDLE EAST AFRICA ELECTRICAL CONTRACTORS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
8.1. Middle East Africa Electrical Contractors Market Overview, 2021
8.2. Middle East Africa Electrical Contractors Market Size and Share Outlook by Product Type, 2021-2030
8.3. Middle East Africa Electrical Contractors Market Size and Share Outlook, By Service Type, 2021-2030
8.4. Middle East Africa Electrical Contractors Market Size and Share Outlook, By End User, 2021-2030
8.5. Middle East Africa Electrical Contractors Market Size and Share Outlook by Country, 2021-2030
8.5.1. Middle East
8.5.2. Africa

9. ELECTRICAL CONTRACTORS MARKET STRUCTURE
9.1. QUANTA SERVICES
9.2. EMCOR GROUP
9.3. IES HOLDINGS, INC.
9.4. MYR GROUP Inc.
9.5. THE TORO COMPANY
9.6. Wasion Holdings Limited
9.7. Genus Power Infrastructure Ltd.
9.8. ABB Ltd
9.9. Eaton Corporation plc

10. APPENDIX
10.1. About Us
10.2. Sources
10.3. Research Methodology
10.4. Contact Information

        

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