A report released on May 9, 2025, identified Quanta Services Inc. as the largest competitor in the global electricians market, holding a 0.78% share in 2023. This market is highly fragmented, with the top ten competitors collectively making up only 2.59% of the total.
The global electricians market reached a value of nearly $1.01 trillion in 2024 and is projected to grow to $1.46 trillion by 2034, indicating substantial long-term opportunities. Quanta's leading position allows it to capitalize on this anticipated growth.
The electric power and systems installation segment was the largest service type in 2024, accounting for 66.50% of the market, and is expected to be the fastest-growing segment. Quanta's focus on comprehensive infrastructure solutions aligns with these market trends, reinforcing its competitive advantage.
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