Electrical Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image

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Electrical Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Report
180 Pages
May 2025
Region: Global
TechSci Research
ID: 6091594

The Electrical Services Market was valued at USD 70.69 Billion in 2024, and is expected to reach USD 88.55 Billion by 2030, rising at a CAGR of 3.67%. This market includes a wide array of professional services that focus on the design, installation, repair, maintenance, and upgrading of electrical systems across residential, commercial, industrial, and institutional facilities. Services range from power distribution and wiring to lighting installations, energy management, and renewable energy integration.

The increasing emphasis on infrastructure expansion, modernization of electrical grids, and the adoption of sustainable and energy-efficient solutions is boosting demand for specialized electrical services. As construction projects scale up globally and technology evolves, service providers play a vital role in aligning electrical systems with smart technologies, regulatory compliance, and operational efficiency. This growth is especially pronounced in emerging economies undergoing rapid urbanization and infrastructure transformation.

Key Market Drivers

Rapid Urbanization and Infrastructure Development Driving Demand for Electrical Services

The growing pace of urbanization is a major driver behind the expansion of the Electrical Services Market. With increasing migration to urban centers, there is a heightened need for housing, transportation networks, and commercial infrastructure, all of which require comprehensive electrical system planning and implementation. Governments and private developers in developing nations are investing significantly in smart city projects, transportation hubs, and energy-efficient buildings - efforts that demand the technical expertise of electrical service providers. These professionals are integral in deploying modern systems for lighting, power distribution, renewable integration, and EV charging infrastructure, reflecting the global shift toward sustainable urban development.

Key Market Challenges

Skilled Labor Shortage and Workforce Aging

A critical challenge confronting the electrical services industry is the lack of skilled professionals, exacerbated by an aging workforce. A significant proportion of electricians in developed countries are nearing retirement, with too few new entrants joining the profession. This gap in skilled labor is causing operational pressures for service providers, especially as global demand for electrical installations and maintenance grows. The shortage is further intensified by declining interest in vocational trades and limited access to training programs, making it difficult to meet current and future workforce requirements.

Key Market Trends

Integration of Smart Technologies and IoT in Electrical Services

The increasing adoption of smart technologies and IoT is reshaping the landscape of the Electrical Services Market. Modern building systems now often include intelligent lighting, energy monitoring, and automated controls, requiring service providers to upgrade their capabilities. The use of connected devices allows for real-time monitoring, remote control, and predictive maintenance, significantly improving energy efficiency and operational reliability. As smart grids and digital infrastructure become more prevalent, electrical contractors are expanding their roles to include consulting, systems integration, and long-term support for smart and connected environments.

Key Market Players

Siemens AG
General Electric Company
Schneider Electric SE
Mitsubishi Electric Corporation
ABB Ltd
Yaskawa Electric Corporation
Rockwell Automation Inc.
CHINT Group Co., Ltd.
Stanley Black & Decker, Inc.
Eaton Corporation Plc

Report Scope:

In this report, the Global Electrical Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electrical Services Market, By Service Type:

Installation
Repair and Maintenance
Consulting

Electrical Services Market, By End-User:

Residential
Commercial
Industrial

Electrical Services Market, By Application:

Building
Infrastructure
Industrial Automation
Renewable Energy

Electrical Services Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electrical Services Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

Detailed analysis and profiling of additional Market players (up to five).

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

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Electrical Services Market Outlook

5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Service Type (Installation, Repair and Maintenance, Consulting)
5.2.2. By End-User (Residential, Commercial, Industrial)
5.2.3. By Application (Building, Infrastructure, Industrial Automation, Renewable Energy)
5.2.4. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Electrical Services Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Service Type
6.2.2. By End-User
6.2.3. By Application
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Electrical Services Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Service Type
6.3.1.2.2. By End-User
6.3.1.2.3. By Application
6.3.2. Canada Electrical Services Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Service Type
6.3.2.2.2. By End-User
6.3.2.2.3. By Application
6.3.3. Mexico Electrical Services Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Service Type
6.3.3.2.2. By End-User
6.3.3.2.3. By Application

7. Europe Electrical Services Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Service Type
7.2.2. By End-User
7.2.3. By Application
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Electrical Services Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Service Type
7.3.1.2.2. By End-User
7.3.1.2.3. By Application
7.3.2. United Kingdom Electrical Services Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Service Type
7.3.2.2.2. By End-User
7.3.2.2.3. By Application
7.3.3. Italy Electrical Services Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Service Type
7.3.3.2.2. By End-User
7.3.3.2.3. By Application
7.3.4. France Electrical Services Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Service Type
7.3.4.2.2. By End-User
7.3.4.2.3. By Application
7.3.5. Spain Electrical Services Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Service Type
7.3.5.2.2. By End-User
7.3.5.2.3. By Application

8. Asia-Pacific Electrical Services Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Service Type
8.2.2. By End-User
8.2.3. By Application
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Electrical Services Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Service Type
8.3.1.2.2. By End-User
8.3.1.2.3. By Application
8.3.2. India Electrical Services Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Service Type
8.3.2.2.2. By End-User
8.3.2.2.3. By Application
8.3.3. Japan Electrical Services Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Service Type
8.3.3.2.2. By End-User
8.3.3.2.3. By Application
8.3.4. South Korea Electrical Services Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Service Type
8.3.4.2.2. By End-User
8.3.4.2.3. By Application
8.3.5. Australia Electrical Services Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Service Type
8.3.5.2.2. By End-User
8.3.5.2.3. By Application

9. South America Electrical Services Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Service Type
9.2.2. By End-User
9.2.3. By Application
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Electrical Services Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Service Type
9.3.1.2.2. By End-User
9.3.1.2.3. By Application
9.3.2. Argentina Electrical Services Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Service Type
9.3.2.2.2. By End-User
9.3.2.2.3. By Application
9.3.3. Colombia Electrical Services Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Service Type
9.3.3.2.2. By End-User
9.3.3.2.3. By Application

10. Middle East and Africa Electrical Services Market Outlook

10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Service Type
10.2.2. By End-User
10.2.3. By Application
10.2.4. By Country
10.3. Middle East and Africa: Country Analysis
10.3.1. South Africa Electrical Services Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Service Type
10.3.1.2.2. By End-User
10.3.1.2.3. By Application
10.3.2. Saudi Arabia Electrical Services Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Service Type
10.3.2.2.2. By End-User
10.3.2.2.3. By Application
10.3.3. UAE Electrical Services Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Service Type
10.3.3.2.2. By End-User
10.3.3.2.3. By Application
10.3.4. Kuwait Electrical Services Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Service Type
10.3.4.2.2. By End-User
10.3.4.2.3. By Application
10.3.5. Turkey Electrical Services Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Service Type
10.3.5.2.2. By End-User
10.3.5.2.3. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. Siemens AG
13.1.1. Business Overview
13.1.2. Key Revenue and Financials
13.1.3. Recent Developments
13.1.4. Key Personnel/Key Contact Person
13.1.5. Key Product/Services Offered
13.2. General Electric Company
13.3. Schneider Electric SE
13.4. Mitsubishi Electric Corporation
13.5. ABB Ltd
13.6. Yaskawa Electric Corporation
13.7. Rockwell Automation Inc.
13.8. CHINT Group Co., Ltd.
13.9. Stanley Black & Decker, Inc.,
13.10. Eaton Corporation Plc

14. Strategic Recommendations15. About the Publisher & Disclaimer

Companies Mentioned

Siemens AG
General Electric Company
Schneider Electric SE
Mitsubishi Electric Corporation
ABB Ltd
Yaskawa Electric Corporation
Rockwell Automation Inc.
CHINT Group Co., Ltd.
Stanley Black & Decker, Inc.,
Eaton Corporation Plc

Table Information

Report Attribute	Details
No. of Pages	180
Published	May 2025
Forecast Period	2024 - 2030
Estimated Market Value ( USD ) in 2024	$ 70.69 Billion
Forecasted Market Value ( USD ) by 2030	$ 88.55 Billion
Compound Annual Growth Rate	3.6%
Regions Covered	Global
No. of Companies Mentioned	10

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