Electrical Contractors and Other Wiring Installation Contractors Market Report 2026

The electrical contractors and other wiring installation contractors market size has grown strongly in recent years. It will grow from $1.36 trillion in 2025 to $1.44 trillion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth in construction activities, increasing reliance on traditional wiring materials, expansion of telecom and power networks, rising need for routine electrical maintenance, historical dependence on manual installation processes.

The electrical contractors and other wiring installation contractors market size is expected to see strong growth in the next few years. It will grow to $1.84 trillion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing demand for smart electrical systems, increased adoption of energy-efficient wiring solutions, rising investment in electrification infrastructure, expanding use of automated installation technologies, greater focus on safety and regulatory compliance. Major trends in the forecast period include rising demand for electrical system upgrades, growth in infrastructure expansion projects, increasing adoption of energy-efficient wiring solutions, expansion of renovation and retrofit activities, greater focus on electrical safety and compliance.

The anticipated growth of the electrical contractor and other wiring installation contractor's market is propelled by the rise in global electricity consumption. Over the past few decades, global electricity consumption has experienced a consistent increase due to factors such as population growth, urbanization, and industrialization. As more people migrate to urban areas and new industries emerge, the demand for electricity surges to power homes, businesses, and factories. This escalating demand for electricity underscores the need for a reliable and timely supply, leading to an increased requirement for electrical contractors and other wiring installation contractors. These professionals play a crucial role in the installation and maintenance of electric systems to meet the growing demand for power. For example, in March 2024, the International Energy Agency, a France-based intergovernmental organization, reported that global electricity demand is expected to accelerate over the next three years, increasing at an average annual rate of 3.4% through 2026. In addition, electricity usage by data centers is forecast to more than double, rising from approximately 460 terawatt-hours (TWh) in 2022 to more than 1,000 TWh by 2026. This data highlights the significant increase in global electricity consumption, emphasizing the driving force behind the growth of the electrical contractors and other wiring installation contractors' market.

Major players in the electrical contractors and other wiring installation contractors market are strategically focusing on the development of versatile solutions, such as cable tracers, to gain a competitive edge. A cable tracer is a device designed to identify, locate, and trace the routes of conductors in electrical wiring systems, aiding in tasks such as fault finding and circuit mapping. As an example, in October 2023, Megger Group, a UK-based manufacturing company, introduced the MCT105 cable tracer. This versatile device is specifically designed for electrical contractors, enabling efficient tracing of conductors, locating cable breaks, identifying short circuits, determining protective devices, and finding buried metallic pipework on both live and dead circuits. The MCT105 comprises a transmitter and receiver, utilizing coded signals for accurate tracing. It can simultaneously trace multiple routes using different codes. Equipped with handheld units featuring liquid crystal displays, the MCT105 provides essential information such as warnings, voltage indications, code numbers, and signal strength. This enhances the capability for quick, reliable, and convenient cable investigations, especially in situations where detailed records may be lacking. The introduction of innovative tools such as cable tracers reflects the commitment of major companies to equip electrical contractors with advanced solutions for efficient and precise operations.

In November 2024, Hunt Electric Corporation, a US-based electrical contracting firm, acquired Paul’s Electric for an undisclosed amount. The acquisition supports Hunt Electric’s plans to expand its footprint in southern Minnesota by utilizing Paul’s Electric’s strong local customer base and broad service capabilities. Paul’s Electric is a US-based provider of comprehensive design-build electrical services across commercial, agricultural, industrial, and residential sectors.

Major companies operating in the electrical contractors and other wiring installation contractors market are 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.

Asia-Pacific was the fastest growing region in the electrical contractors and other wiring installation contractors market in 2025. 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. The countries covered in the electrical contractors and other wiring installation contractors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electrical contractors and other wiring installation contractors market include revenues earned by entities by providing installation, upgrade, designing, and implementation services for electric systems in construction projects. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on metals, electrical components, fiber cables, and installation equipment are driving higher material and project costs across the electrical contractors and wiring installation contractors market. High-voltage and underground installation segments, which rely heavily on copper, aluminum, and imported fiber materials, are particularly affected, with regions in Asia-Pacific and Europe facing extended delays and supply constraints. These cost pressures also impact energy and power, telecommunications, and construction end users. However, tariffs are prompting increased domestic material production, supply chain localization, and greater investment in alternative wiring materials, offering selective long-term advantages.

The electrical contractors and other wiring installation contractors market research report is one of a series of new reports that provides electrical contractors and other wiring installation contractors market statistics, including electrical contractors and other wiring installation contractors industry global market size, regional shares, competitors with an electrical contractors and other wiring installation contractors market share, detailed electrical contractors and other wiring installation contractors market segments, market trends and opportunities, and any further data you may need to thrive in the electrical contractors and other wiring installation contractors industry. This electrical contractors and other wiring installation contractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electrical contractors and other wiring installation contractors are licensed professionals responsible for installing, repairing, and maintaining electrical wiring and equipment in various structures, including homes, offices, factories, and other buildings.

The primary material types used by electrical contractors and other wiring installation contractors include metal, optic fibre, and plastic. Metal, characterized as a hard, shiny, malleable, and ductile material, serves as an excellent conductor of heat and electricity. Various installation methods are employed, including submarine, underground, and overhead installations, with distinctions based on high voltage, medium voltage, and low voltage applications. The end users of these materials and installation services span across telecommunication, energy and power, electronics, construction, and automotive industries.The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.