Top 5 Players Electrical Services Value Market Share
Quanta Services captured a share of the global electrical services market between 2019 and 2024, which, while fluctuating from year to year, generally remained between 2% and 3%. Quanta Services’ market share was 2.40% in 2019, before rising to 2.91% in 2020, demonstrating the company’s strong growth in that year. However, by 2021, the market share declined to 2.51%, which could be attributed to the impact of the global epidemic. Nonetheless, the Company resumed its growth in 2022, increasing its market share to 2.74% and further increasing it to 2.78% in 2023. By 2024, Quanta Services’ market share stabilizes at 2.78%, indicating that the company maintains a relatively stable market position in the global electricity services market. These figures reflect Quanta Services’ adaptability and business strength in the face of industry challenges and competition.
Schneider Electric’s performance in the global electrical services market is showing a steady increase. Schneider Electric holds a market share of 1.86% in 2019, followed by a slight rise to 1.91% in 2020. Following this, the company also realized a slight growth in 2021, with a 0.03% increase in market share. This growth momentum continues into 2022 with a further increase in market share to 2.13%. By 2023, Schneider Electric’s market share reached 2.17% and is expected to remain at 2.17% by the end of 2024.
Iberdrola’s market share was 1.45% in 2019, and then the company continued to grow in 2020 and 2021, with its market share rising to 1.47% and 1.52%, respectively. This growth trend continued into 2022 with a further increase in market share to 1.96%. In 2023, Iberdrola’s market share reached 2.07%, indicating that Iberdrola has increased its market presence in previous years. This is expected to rise slightly to 2.10% by the end of 2024.
In 2019, ABB Group captured a market share of 1.87%, demonstrating its strong start in the market. In 2020, ABB Group’s market share increased slightly to 1.88%, while in 2021, this percentage decreased to 1.75%. ABB Group’s market share in 2022 remained on a gradual downward trend, with a lower market share ABB Group’s market share in 2022 remains on a downward trend, decreasing to 1.56%. The ABB Group’s market share continues its downward trend in 2022, decreasing to 1.56%. In 2023, the market share decreases again to 1.49%, and is expected to decrease further to 1.45% by the end of 2024.
In 2019, Siemens AG had a market share of 1.36%, a percentage that fluctuated slightly in the following years. In 2020, the company’s market share rose slightly to 1.48%, demonstrating increased competitiveness in the market. However, by 2021, the market share declined by 0.11%, and in 2022 the market share decreased to 1.27%, nevertheless, Siemens AG achieved growth again in 2023, increasing to 1.33%. Siemens AG’s market share is expected to stabilize at 1.33% by the end of 2024.
Table Electrical Services Value Market Share by Player (2019-2024)
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Quanta Services | 2.40% | 2.91% | 2.51% | 2.74% | 2.78% | 2.78% |
Schneider Electric | 1.86% | 1.91% | 1.94% | 2.13% | 2.17% | 2.17% |
Iberdrola | 1.45% | 1.47% | 1.52% | 1.96% | 2.07% | 2.10% |
ABB Group | 1.87% | 1.88% | 1.75% | 1.56% | 1.49% | 1.45% |
Siemens AG | 1.36% | 1.48% | 1.37% | 1.27% | 1.33% | 1.33% |
1 Quanta Services
Quanta Services is a leading specialty contractor with a strong reputation in the electrical services sector, providing comprehensive infrastructure solutions to the utility, renewable energy, communications, pipeline and energy industries. The company’s core business encompasses the design, installation, repair and maintenance of power and communications infrastructure, ensuring the safety, intelligence and sustainability of energy and communications networks. Quanta Services’ diverse product line includes transmission line construction and maintenance, substation construction and maintenance, distribution line construction and maintenance, strip services, engineering procurement construction (EPC) services, emergency Restoration Services (ERS), project management, design, permitting and materials management. Through these services, Quanta Services not only improves the operational efficiency of its assets, but also positively impacts its clients’ sustainability goals, reduces CO2 emissions, and lowers its carbon footprint, demonstrating its leadership and expertise in the power services industry.
Table Quanta Services Profile
Item | Profile |
Company Name | Quanta Services |
Website | |
Established Time | 1997 |
Sales Region | Mainly in the United States, Canada, Australia |
Contact Information | Tel: 713.629.7600 Add: 2727 North Loop West Houston, Texas 77008 |
Table Electrical Services Product Profiles, Application and Specification
Electric Power Service Offerings |
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Quanta Services has been a notable performer in the electrical services market, with its annual value figures showing solid growth and market expansion. In 2019, the company generated a market capitalization of $6,963 million, followed by a slight increase in 2020 to $7,600 million. Despite a decline in market capitalization to $7,454 million in 2021, Quanta Services quickly rebounded in 2022, increasing its market capitalization to $8,741 million. The company’s market capitalization grew further to $9,560 million going into 2023 and is expected to reach $10,117 million by the end of 2024, demonstrating the company’s strong competitiveness and continued growth in the power services sector.
Quanta Services’ gross margin data reveals the company’s profitability and efficiency in different years. In 2019, the company’s gross margin was 16.34%, indicating that it retains a larger percentage of gross profit in its revenue. Going into 2020, the gross margin declines slightly to 15.83% and drops to 14.80% in 2021. However, Quanta Services’ gross margin rebounded to 15.24% in 2022, showing the company’s progress in improving efficiency and profitability. By 2023, the gross margin increased to 15.46% and is expected to rise again to 15.82% by the end of 2024.
Table Quanta Services Electrical Services Value, Gross and Gross Margin (2019-2024)
Quanta Services | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Value (M USD) | 6963 | 7600 | 7454 | 8741 | 9560 | 10117 |
Gross (M USD) | 1138 | 1203 | 1103 | 1332 | 1478 | 1601 |
Gross Margin | 16.34% | 15.83% | 14.80% | 15.24% | 15.46% | 15.82% |
2 Schneider Electric
Schneider Electric is a leading global provider of energy management and automation solutions that improve energy efficiency and sustainability. The company’s products and solutions are used in a wide range of applications including energy management, automation system maintenance, building maintenance, industrial maintenance, and critical power and cooling maintenance. Schneider Electric’s services are designed to help customers prevent outages, improve efficiency, and reduce their carbon footprint. Through its wide range of field services, Schneider Electric provides not only electrical maintenance, but also critical services such as energy management systems, building maintenance and industrial maintenance. The company combines world-leading energy technologies, real-time automation, software, and services to provide customers with integrated solutions for efficient, sustainable operations in homes, buildings, data centers, infrastructure, and industry. Schneider Electric’s business overview reflects its important role in the global energy transition and digitalization process, as well as its steadfast commitment to driving energy efficiency and environmental sustainability.
Table Schneider Electric Profile
Item | Profile |
Company Name | Schneider Electric |
Website | |
Established Time | 1836 |
Sales Region | Worldwide |
Contact Information | Tel: 33 1 41 29 70 00 Add: 92500 Rueil-Malmaison, France |
Table Electrical Services Product Profiles, Application and Specification
Field Services |
As a trusted partner for energy management and automation, Schneider Electric provide solutions that can help prevent downtime, boost efficiency, and reduce the carbon footprint. Services include:
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In 2019, the company achieved a market value of $5,398 million, demonstrating its strong foothold in energy management and automation. Subsequently, in 2020, despite challenges in the global market, Schneider Electric maintained a market value of USD 5,001 million, demonstrating the resilience of its business. In 2021, the company’s market value rebounded to USD 5,745 million, signaling its strong recovery. Entering 2022, Schneider Electric’s market value grew further to $6,793 million and this upward trend continued in 2023 with a market value of $7,450 million. By the end of 2024, Schneider Electric is expected to reach a market value of $7906 million.
In 2019, the Schneider Electric’s gross margin reached 44.47%, a figure that declined slightly to 44.11% in 2020. Schneider Electric’s gross margin decreased again in 2021 to 43.21%. Moving into 2022, the gross margin further edged down to 43.18%. In 2023, the gross margin declined to 42.58%, but it is expected to rebound to 43.32% by the end of 2024. These fluctuations in gross margins may be related to the company’s business strategy, product mix, market pricing, and cost control measures, but overall Schneider Electric has maintained relatively high gross margin levels, which underscores its competitiveness and financial soundness in the global energy management and automation space.
Table Schneider Electric Electrical Services Value, Gross and Gross Margin (2019-2024)
Schneider Electric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Value (M USD) | 5398 | 5001 | 5745 | 6793 | 7450 | 7906 |
Gross (M USD) | 2400 | 2206 | 2483 | 2933 | 3172 | 3425 |
Gross Margin | 44.47% | 44.11% | 43.21% | 43.18% | 42.58% | 43.32% |
