Electricians in Canada - Industry Market Research Report

Electricians in Canada - Industry Market Research Report

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."