Press release
Electrical Contractors And Other Wiring Installation Contractors: A Leading Driver Behind Surging Global Electricity Consumption Ignites Growth In Electrical Contractors And Other Wiring Installation Contractors Market Market Expansion in 2025
Electrical Contractors And Other Wiring Installation Contractors Market
Electrical Contractors And Other Wiring Installation Contractors Market Size Growth Forecast: What to Expect by 2025?
The market size for electrical contractors and other wiring installation contractors has seen robust growth over the past few years. The industry is projected to expand from a worth of $1320.37 billion in 2024 to $1411.16 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The remarkable growth during the historic period is due to elements like infrastructure and construction development, adherence to safety regulations and standards, emphasis on energy efficiency and sustainability, demand from industrial and commercial sectors, and competitive dynamics and industry consolidation.
How Will the Electrical Contractors And Other Wiring Installation Contractors Market Size Evolve and Grow by 2029?
It is anticipated that the market for electrical contractors and other wiring installation contractors will experience substantial growth in the upcoming years. This sector is projected to increase to a market size of $1798.67 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. This growth within the predicted period can be traced back to developments such as renewable energy installations, electrified transportation, focus on energy storage solutions, heightened awareness of cybersecurity, and governmental policies and incentives. Key trends anticipated during this forecast period encompass the utilization of advanced manufacturing technologies, digitalization, and smart infrastructure, technological innovations in electrical systems, energy storage solutions, and infrastructure retrofitting and upgrading.
View the full report here:
https://www.thebusinessresearchcompany.com/report/electrical-contractors-and-other-wiring-installation-contractors-global-market-report
What Drivers Are Propelling the Growth of Electrical Contractors And Other Wiring Installation Contractors Market Forward?
The global upsurge in electricity usage is seen as a significant factor fueling the expansion of the market for electrical contractors and other wiring installation services. The growth in international electricity consumption over the past several decades is attributed to several factors, such as population increase, urban growth, and industrialization. With the ongoing trend of urban migration and burgeoning industrial sectors, the appetite for electricity is also surging to power homes, enterprises, and manufacturing units. This, in turn, spurs the demand for timely electricity supply, thus resulting in an increased requirement for electrical contractors and wiring installation services for the installation and upkeep of electrical systems. For example, the International Energy Agency has reported a jump in global electricity needs from 22,500 thousand TWh in 2021 to 23,750 thousand TWh in March 2023. Consequently, the increased consumption of electricity worldwide is essentially driving the market growth for electrical contractors and other wiring installation services.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9675&type=smp
Which Emerging Trends Are Transforming the Electrical Contractors And Other Wiring Installation Contractors Market in 2025?
Prominent firms in the electrical and other wiring installation contractor market are concentrating on devising multifunctional solutions like cable tracers to elevate their competitive position in the industry. A cable tracer is a tool used to identify, trace, and locate conductors in electrical wiring, which assists in tasks like fault detection and circuit mapping. For example, Megger Group, a manufacturing company from the UK, unveiled the MCT105 cable tracer in October 2023. This versatile device is crafted for electrical contractors to effectively track conductors, locate cable failures, identify short circuits, detect protective devices, and discover hidden metallic pipes in both live and defunct circuits. The MCT105, made up of a transmitter and a receiver, uses coded signals to trace accurately, with various routes traceable at the same time using different codes. The portable units are equipped with liquid crystal displays, dispensing crucial details such as warnings, voltage indications, code numbers, and signal strength, enabling quick, reliable, and easy cable investigations, especially in instances where comprehensive records are missing.
What Are the Key Segments in the Electrical Contractors And Other Wiring Installation Contractors Market?
The electrical contractors and other wiring installation contractors market covered in this report is segmented -
1) By Material: Metal, Optic Fiber, Plastic
2) By Installation: Submarine, Underground, Overhead
3) By Voltage: High Voltage, Medium Voltage, Low Voltage
4) By End User: Telecommunication, Energy And Power, Electronics, Construction, Automotive
Subsegments:
1) By Metal: Copper Wiring, Aluminum Wiring, Steel Conduit
2) By Optic Fiber: Single-Mode Fiber, Multi-Mode Fiber
3) By Plastic: PVC (Polyvinyl Chloride) Cables, PE (Polyethylene) Cables, FRP (Fiber Reinforced Plastic) Conduit
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9675&type=smp
Who Are the Key Players Shaping the Electrical Contractors And Other Wiring Installation Contractors Market's Competitive Landscape?
Major companies operating in the electrical contractors and other wiring installation contractors market include 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
What Geographic Markets Are Powering Growth in the Electrical Contractors And Other Wiring Installation Contractors Market?
Asia-Pacific was the fastest growing region in the electrical contractors and other wiring installation contractors market in 2024. The regions covered in the electrical contractors and other wiring installation contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9675
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electrical Contractors And Other Wiring Installation Contractors: A Leading Driver Behind Surging Global Electricity Consumption Ignites Growth In Electrical Contractors And Other Wiring Installation Contractors Market Market Expansion in 2025 here
News-ID: 4111183 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
