Market Overview:
The global electrical services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electrical services from various end-use industries such as construction, manufacturing, agriculture, and others. Additionally, the growing awareness about safety and security is also propelling the growth of this market. The global electrical services market can be segmented on the basis of type into software service and manual service. The software service segment is projected to grow at a higher CAGR than that of manual service during the forecast period owing to its advantages such as time-saving, accuracy in work execution, and others. On the basis of application, construction held a major share in 2017 and is expected to dominate during 2018–2030 owing to an increase in infrastructure development activities across regions worldwide.
Product Definition:
Electrical services are the professional services of an electrician. An electrician is a tradesman who installs, maintains and repairs electrical systems. Electrical systems are essential for powering homes, businesses and other facilities.
Software Service:
Software service is a growing market in the electrical services industry owing to the increasing demand for automation and digitization. The software helps to streamline processes, which are done by using electronic devices such as computers, laptops, tablets and smartphones. It also helps in managing data effectively that is stored on various devices connected to a computer network.
The global software service market was valued at USD 132 billion in 2015.
Manual Service:
Manual service is a type of electrical repair work that requires the services of an expert. It includes troubleshooting, replacing parts, and testing functions in residential and commercial properties. The main objective of this service is to provide customers with efficient solutions for all types of electrical problems by using tested tools & components with years of experience.
Application Insights:
The construction application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing infrastructure spending by governments across the world as part of their efforts to create jobs and boost economic growth.
Electrical services are used in various applications including data centers, hospitals, agriculture, manufacturing facilities, educational institutions and government buildings among others. Increasing demand for electrical services from various industries such as food & beverage processing plants along with rising R&D investments by industry players are expected to drive the market over the forecast period.
Manufacturing was another prominent segment that accounted for a significant revenue share in 2017 owing to growing industrialization across developing countries like India.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in developing infrastructure and rising demand for electrical services across various industries. Europe accounted for a significant share of global revenue in 2017, owing to early adoption of automation technologies and an increase in manufacturing activities across several sectors including automotive, aerospace & defense, construction, others.
The Middle East & Africa region is projected to witness substantial growth over the next eight years owing to rapid development projects such as Dubai’s Expo 2020 initiative and Jeddah Metro Rail project Saudi Arabia has also planned extensive development projects which include King Abdullah Economic City (KAEC) with a budget worth USD X billion by 2030 which will have around 100000 jobs opportunities during its construction phase alone.
Growth Factors:
- Increasing demand from the construction sector for electrical services
- Rapid urbanization and industrialization in developing countries
- Rising demand for energy-efficient electrical systems and equipment
- Growing use of smart grids and renewable energy sources
- Proliferation of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Services Market Research Report
By Type
Software Service, Manual Service
By Application
Construction, Manufacturing, Agriculture, Others
By Companies
Alliance Electrical Services, Housejoy, Texas Electrical Services, Able Electrical Services, Wyer Electrical Services, SSI Electrical Services, District Electrical Services, Mister Sparky, CIBSE, LKT Electrical Services, Greenway Electrical Services, Aspull Electrical Services, ITI Electrical Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Services Market Report Segments:
The global Electrical Services market is segmented on the basis of:
Types
Software Service, Manual Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Manufacturing, Agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alliance Electrical Services
- Housejoy
- Texas Electrical Services
- Able Electrical Services
- Wyer Electrical Services
- SSI Electrical Services
- District Electrical Services
- Mister Sparky
- CIBSE
- LKT Electrical Services
- Greenway Electrical Services
- Aspull Electrical Services
- ITI Electrical Services
Highlights of The Electrical Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software Service
- Manual Service
- By Application:
- Construction
- Manufacturing
- Agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical Services is a business that provides electrical services to customers in the community. Electrical Services may provide services such as installation, repair, or maintenance of electrical systems.
Some of the major players in the electrical services market are Alliance Electrical Services, Housejoy, Texas Electrical Services, Able Electrical Services, Wyer Electrical Services, SSI Electrical Services, District Electrical Services, Mister Sparky, CIBSE, LKT Electrical Services, Greenway Electrical Services, Aspull Electrical Services, ITI Electrical Services.
The electrical services market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrical Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrical Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrical Services Market Size & Forecast, 2018-2028
4.5.1 Electrical Services Market Size and Y-o-Y Growth
4.5.2 Electrical Services Market Absolute $ Opportunity
Chapter 5 Global Electrical Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electrical Services Market Size Forecast by Type
5.2.1 Software Service
5.2.2 Manual Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electrical Services Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Manufacturing
6.2.3 Agriculture
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrical Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electrical Services Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electrical Services Market Size Forecast by Type
9.6.1 Software Service
9.6.2 Manual Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electrical Services Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Manufacturing
9.10.3 Agriculture
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electrical Services Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electrical Services Market Size Forecast by Type
10.6.1 Software Service
10.6.2 Manual Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electrical Services Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Manufacturing
10.10.3 Agriculture
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electrical Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electrical Services Market Size Forecast by Type
11.6.1 Software Service
11.6.2 Manual Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electrical Services Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Manufacturing
11.10.3 Agriculture
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electrical Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electrical Services Market Size Forecast by Type
12.6.1 Software Service
12.6.2 Manual Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electrical Services Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Manufacturing
12.10.3 Agriculture
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electrical Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electrical Services Market Size Forecast by Type
13.6.1 Software Service
13.6.2 Manual Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electrical Services Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Manufacturing
13.10.3 Agriculture
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrical Services Market: Competitive Dashboard
14.2 Global Electrical Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alliance Electrical Services
14.3.2 Housejoy
14.3.3 Texas Electrical Services
14.3.4 Able Electrical Services
14.3.5 Wyer Electrical Services
14.3.6 SSI Electrical Services
14.3.7 District Electrical Services
14.3.8 Mister Sparky
14.3.9 CIBSE
14.3.10 LKT Electrical Services
14.3.11 Greenway Electrical Services
14.3.12 Aspull Electrical Services
14.3.13 ITI Electrical Services
