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Electricians in the UK - Market Research Report (2014-2029)

Adriana De Azevedo Adriana De Azevedo London, United Kingdom Last Updated: September 2024 SIC F43.210

Revenue

£31.7bn

2024-25

£31.7bn

Past 5-Year Growth

Profit

£X.Xbn

Employees

214k

Businesses

49,829

Wages

£X.Xbn

Electricians in the UK industry analysis

Revenue is forecast to climb at a compound annual rate of 0.9% over the five years through 2024-25 to 拢31.7 billion. Electrical contractors serve the construction sector, so procyclical commercial and residential construction trends influence revenue prospects. Hence, economic uncertainty associated with Brexit, the pandemic and the Russia-Ukraine conflict has caused year-on-year revenue volatility for the Electricians industry.

Trends and Insights

  • Faltering finances drive maintenance demand. Economic uncertainties and cost-of-living pressures have prompted businesses and homeowners alike to choose repairs over new installations, offering income opportunities for electricians.
  • Government funding gives the residential market a boost. The UK government's dedicated support to tackle the housing shortage gives electricians a plethora of tender opportunities.
  • High-income regions remain the most popular among electricians. There are more companies based in areas like London and the South East, where customers are better positioned financially to invest in high-return services.
  • Electricians vie for business in several ways. They primarily compete on price, location, reputation, timeliness, customer service and safety record, often leveraging word-of-mouth referrals to boost demand.

Access hundreds of analysis and data

  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated £31.7bn in 2024.

Trends and Insights

Economic downturns hurt electrical contractors’ revenue prospects

  • Uncertainty caused by Brexit contributed to a slowdown in commercial construction activity as businesses cancelled or postponed construction projects.
  • Additional trends and insights available with purchase
Electricians in the UK
Revenue (2014-2029)
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Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Ongoing government support will continue to propel tender opportunities in the residential market

  • Continued government support aimed at bolstering the UK's housing shortage will bankroll robust demand from the residential market.

Biggest companies in the Electricians in the UK

Company
Market Share (%)
2025
Revenue (£m)
2025
Integral UK Ltd
402.6
NG Bailey Ltd
330.1
Skanska Rashleigh Weatherfoil Ltd
322.4

To view the market share and analysis for all 4 top companies in this industry, view purchase options.

Products & Services Segmentation

Electricians in the UK
Products & Services
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Industry revenue is measured across several distinct product and services lines, including Maintenance and repairs, Installations in new buildings and Circuitry and appliance upgrades. Maintenance and repairs is the largest segment of the Electricians in the UK.

Trends and Insights

The essential nature of electrical maintenance and repair services supports demand

  • Property managers or appliance suppliers usually tender long-term maintenance and repair contracts, while reactive services are typically required by residential and small and medium-size commercial clients.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies in the electricians industry install electrical systems in all kinds of buildings and civil engineering structures. These systems include electrical wiring, telecommunications wiring, cable television wiring (including fibre optic), satellite dishes, street lighting, electric signals, fire alarms and burglar alarms. The industry also encompasses the installation of electric appliances and household equipment, including baseboard heating systems.

What's included in this industry?

Installations in new buildingsCircuitry and appliance upgradesMaintenance and repairs

Companies

Integral UK LtdNG Bailey LtdSkanska Rashleigh Weatherfoil Ltd

Purchase this report to view all 4 major companies in this industry.

Related Terms

FACILITIES MANAGEMENT5GINTERNET OF THINGS (IOT)

Industry Code

SIC 2007

SIC 43.21 - Electricians in the UK

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Faltering finances drive maintenance demand. Economic uncertainties and cost-of-living pressures have prompted businesses and homeowners alike to choose repairs over new inst...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Government funding gives the residential market a boost. The UK government's dedicated support to tackle the housing shortage gives electricians a plethora of tender opportun...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

High-income regions remain the most popular among electricians. There are more companies based in areas like London and the South East, where customers are better positioned ...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Electricians vie for business in several ways. They primarily compete on price, location, reputation, timeliness, customer service and safety record, often leveraging word-of...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry鈥檚 level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry鈥檚 own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

There are no major players in the Electricians industry. Instead, there's a large number of small-scale and independent electricians operating in a limited geographical regio...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Integral UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of NG Bailey Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Skanska Rashleigh Weatherfoil Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for one additional company

Detailed analysis

  • Description and key data for Integral UK Ltd, and factors influencing its performance in the industry
  • Description and key data for NG Bailey Ltd, and factors influencing its performance in the industry
  • Description and key data for Skanska Rashleigh Weatherfoil Ltd, and factors influencing its performance in the industry
  • Description, key data and performance trends for one additional company

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.聽 聽

Analyst insights

Electricians have to follow the Electricity at Work Regulations 1989. These put the onus on companies and all employees to ensure safety measures are implemented and risks mi...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029)聽
  • Assistance historical data and forecast (2014-2029)聽

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.聽

Analyst insights

Economic pressures cause electricians’ profit to dwindle. The devaluation of the pound, increased input costs and supply chain disruptions caused by COVID-19 and Russia-Ukrai...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Liquidity Ratios聽(2018-2022)
  • Coverage Ratios聽(2018-2022)
  • Leverage Ratios聽聽(2018-2022)
  • Operating Ratios聽(2018-2022)
  • Assets (2018-2022)
  • Liabilities (2018-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability聽

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Electricians in the UK industry in United Kingdom in 2024?

The market size of the Electricians in the UK industry in United Kingdom is £31.7bn in 2024.

How many businesses are there in the Electricians in the UK industry in 2024?

There are 49,829 businesses in the Electricians in the UK industry in United Kingdom, which has grown at a CAGR of 1.4 % between 2019 and 2024.

Has the Electricians in the UK industry in United Kingdom grown or declined over the past 5 years?

The market size of the Electricians in the UK industry in United Kingdom has been growing at a CAGR of 0.9 % between 2019 and 2024.

What is the forecast growth of the Electricians in the UK industry in United Kingdom over the next 5 years?

Over the next five years, the Electricians in the UK industry in United Kingdom is expected to grow.

What are the biggest companies in the Electricians in the UK market in United Kingdom?

The biggest companies operating in the Electricians market in United Kingdom are Integral UK Ltd, NG Bailey Ltd and Skanska Rashleigh Weatherfoil Ltd

What does the Electricians in the UK in United Kingdom include?

Installations in new buildings and Circuitry and appliance upgrades are part of the Electricians in the UK industry.

Which companies have the highest market share in the Electricians in the UK in United Kingdom?

The company holding the most market share in United Kingdom is Integral UK Ltd.

How competitive is the Electricians in the UK industry in United Kingdom?

The level of competition is high and increasing in the Electricians in the UK industry in United Kingdom.

Related Industries

Widen you competitive advantage with related industries

Competitors

  • Security System Services in the UK

Complementors

  • Railway & Underground Railway Construction in the UK
  • Electricity & Telecommunications Infrastructure Construction in the UK
  • Plumbing, Heating & Air Conditioning Installation in the UK
  • Residential Building Construction in the UK

International industries

  • Electricians in the US
  • Electricians in Canada
  • Electrical Services in Australia
  • Electrical Services in New Zealand
  • Electricians in Ireland

View all industries in United Kingdom

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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for 麻豆区 readers. Finally, each report is reviewed by one of 麻豆区鈥檚 editors, who provide quality assurance to ensure accuracy and readability.

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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the UK include:

  • Office for National Statistics
  • Office for Budget Responsibility
  • Bank of England

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:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, 麻豆区鈥檚 global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does 麻豆区 forecast its data?

麻豆区鈥檚 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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