Global Electrical Contractors And Other Wiring Installation Contractors Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
14 Jul, 2023
The global electrical contractors and other wiring installation contractors market size is expected to grow from $1098.49 billion in 2022 to $1188.58 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electrical contractors and other wiring installation contractors market size is expected to reach $1585.98 billion in 2027 at a CAGR of 7.5%.
Global Electrical Contractors And Other Wiring Installation Contractors Market Key Driver
The increased global use of energy is predicted to drive the expansion of the electrical contractor and other wire installation contractors industry. Global energy consumption has continuously increased over the last few decades as a result of a number of variables such as population growth, urbanisation, and industrialization. As more people relocate to cities and more industries emerge, the demand for electricity to power homes, businesses, and factories grows. The increase in worldwide electricity consumption creates a demand for a reliable supply of electricity, resulting in an increased demand for an electrical contractor and other wire installation to assist in the installation and maintenance of electric systems.
Get a sample of the global electrical contractors and other wiring installation contractors market reportGlobal Electrical Contractors And Other Wiring Installation Contractors Market Segments
The global electrical contractors and other wiring installation contractors market is segmented:
1) By Material: Metal, Optic Fibre, 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
5) By Geography: 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, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global electrical contractors and other wiring installation contractors market.
Major Electrical Contractors And Other Wiring Installation Contractors Industry Players
McPhee Electric & Telecommunications Inc, Mace Group, T Clarke Plc, Clarkson Evans Limited, Tilbury Douglas Engineering Limited, Gratte Brothers Limited, Carter Synergy Limited, Quartzelec Ltd, Cilantro Engineering UK Ltd, Halsall Electrical Limited, FES Limited, Gloster MEP Limited, LJJ Ltd, F.P.Hurley & Sons Limited, Haydon Mechanical & Electrical
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Electrical Contractors And Other Wiring Installation Contractors Market Overview
Electrical contractors and other wiring installation contractors refers to licensed trained professionals responsible for the installation, repair, and maintenance of electrical wiring and equipment in buildings, such as homes, offices, factories, and other structures.
Electrical Contractors And Other Wiring Installation Contractors Global Market Report 2023 provides data on the global electrical contractors and other wiring installation contractors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electrical contractors and other wiring installation contractors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.