$28.2bn
$X.Xbn
133k
27,089
$XX.Xbn
Keeping the lights on across industries and geographies, the electrician industry in Canada is a key component of the economy at large. With demand being dispersed among many downstream construction markets, industry revenue is expected to have increased at a CAGR of 0.9% to $28.2 billion through the end of 2024, including an expected growth of 2.0% in 2024 alone as interest rate cuts have begun and consumer confidence has risen. Volatile costs have driven down average industry profit over the last five years.
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $28.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
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There are no companies that hold a large enough market share in the Electricians in Canada industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Electric power and systems installation and servicing, Telecommunications installation and servicing and Fire and security system installation and servicing. Electric power and systems installation and servicing is the largest segment of the Electricians in Canada.
Electricians continue to wire the world
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.
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NAICS 238210 - Electricians in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Residential construction has driven growth, particularly in 2020. Lower interest rates and people spending more time at home increased demand. High interest rates in more rec...
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Most electrical work is done on new buildings. One-quarter of electrical work involves laying wires for other systems, including fire suppression, HVAC and traffic signaling.
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Ontario contains a large share of establishments, the largest share of any province. The province contains the largest percentage of the Canadian population and has several l...
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The electrical contracting industry has a low level of concentration. Businesses tend to be small and are spread across geographies and types of work.
Learn about the performance of the top companies in the industry.
The Electricians industry in Canada has no major players expected to account for over 5.0% of industry revenue. Industry concentration is low, with most players operating on ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Electricians must complete an apprenticeship and a written exam before operating. Each province or territory is responsible for setting construction work requirements. A cont...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Electricians perform highly skilled labour. Before working they must be trained and licensed, keeping wage costs high. Businesses have faced perennial labour shortages.
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Electricians industry in Canada is $28.2bn in 2024.
There are 27,089 businesses in the Electricians industry in Canada, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Electricians industry in Canada has been growing at a CAGR of 0.9 % between 2019 and 2024.
Over the next five years, the Electricians industry in Canada is expected to grow.
Electric light or power installation and Electric wiring installation on construction projects are part of the Electricians industry.
The level of competition is high and steady in the Electricians industry in Canada.