$30.9bn
$X.Xbn
107k
44,848
$X.Xbn
Construction trends and household spending on electrical installations and repair services influence the Electrical Services industry's performance. Long-term performance is underpinned by technological advancements in electrical, electronic and communications products. Over the five years through 2023-24, widely divergent trends in the core construction and industrial markets have contributed to industry revenue declining at an average annualised 1.2% to $30.9 billion, including a contraction of 5.4% in the current year. Profit margins have followed suit as intense competition and rising input prices have squeezed profitability.
Industry revenue has declined at a CAGR of 1.2 % over the past five years, to reach an estimated $30.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Stowe Australia | 525.0 | |
CIMIC | 464.0 | |
Downer | 371.0 |
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Industry revenue is measured across several distinct product and services lines, including Electrical circuitry installation , Electrical circuitry upgrade and renovation and Maintenance and repair services. Electrical circuitry installation is the largest segment of the Electrical Services in Australia.
Maintenance and repair services remain the backbone of electrical services
The industry consists of contractors that install electrical wiring or fittings in buildings and other construction projects. Industry operators also repair and maintain existing electrical equipment and fixtures.
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ANZSIC 3232 - Electrical Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The slump in installation work on housing construction projects has driven down the performance of many small-scale electrical contractors. Emergency repair and upgrade servi...
Learn about an industry's products and services, markets and trends in international trade.
Maintenance and repair work remains the backbone of electrical services. Expenditure on maintenance and repair services tends to be inelastic and emergency services are often...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales has an above-average share of industry enterprises, which reflects electrical installation and maintenance on Sydney’s non-residential building properties. Th...
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.
Competition between electrical contractors centres on their track record for quality, timeliness, cleanliness and friendliness. Most contractors operate within local markets ...
Learn about the performance of the top companies in the industry.
The industry has no Major Companies. The industry mainly includes small-scale electrical contractors that operate in narrow geographic or niche service markets.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The favourable commercial and industrial building market trend has underpinned electrical installation and maintenance work. Work in the non-residential construction markets ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins have narrowed in response to escalating input costs following the blockages to global supply chains during the COVID-19 pandemic. These blockages delayed the d...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Electrical Services industry in Australia is $30.9bn in 2024.
There are 44,848 businesses in the Electrical Services industry in Australia, which has grown at a CAGR of 0.7 % between 2019 and 2024.
The market size of the Electrical Services industry in Australia has been declining at a CAGR of 1.2 % between 2019 and 2024.
Over the next five years, the Electrical Services industry in Australia is expected to grow.
The biggest companies operating in the Electrical Services market in Australia are Stowe Australia, CIMIC and Downer
Electrical circuitry installation and Electrical circuitry upgrade and renovation are part of the Electrical Services industry.
The company holding the most market share in Australia is Stowe Australia.
The level of competition is high and steady in the Electrical Services industry in Australia.