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PRODUCT AND SERVICES

Group 76_2x
generates the bulk of its revenue from the installation, repair, and maintenance of electrical power, wiring, and related systems in buildings throughout the construction market spectrum. This wide segment includes the servicing of electrical outlets and power control, fibre-optic cables and lighting. While the installation and maintenance of these systems are typically small-scale and low cost, they vastly outnumber other service segments by volume. IBISWorld estimates that this segment has remained fairly steady as a share of revenue over the past five years till 2021, a trend that is expected to continue over the next five years till 2026.

Electric power and systems
installation and servicing

Group 71@2x
Telecommunications installation and servicing is expected to account for 8.5% of industry revenue in 2021. This segment includes the installation and maintenance of a variety of electronics systems, including audio, video, cable TV and home theatres, communication equipment and telephones, computers, internet (e.g. broadband connections) and networks. The rapid expansion of broadband internet access throughout residential markets and the increasing prevalence of home theatre systems in households have helped this product segment grow somewhat over the past five years.

Telecommunications installation
and servicing

Group 75_2x
Fire and security segment is expected to account for 7.7% of revenue in 2021. Electronic control systems include the growing automation services segment, which involves the remote and automatic control of a home or building's lighting, appliances, and more. Heavily automated homes, often referred to as smart homes, constitute a small portion of the total housing market, but installation contracts for these homes are highly sought after among electrician companies that emphasize new technology. IBISWorld expects this segment's share to have increased over the past five years.

Fire and security systems and
electronic control systems

Group 72@2x
IBISWorld expects the largest source of revenue in the other category to be contracts involving highway, street or bridge lighting and signal installation and service, with commercial automation services contributing for many marginal shares of revenue. Commercial automation can include data services for hotels, corporate boardroom

Other service segments

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