The market for electrical installation work - France

In 2023, the French electrical installation market reached 44.76 billion euros (excluding VAT), 64% of which was generated by maintenance-renovation, while new-build, which is in steep decline, now accounts for just 36%. In January 2024, only 10,000 single-family homes were built, compared with over 20,000 in 2022, confirming a lasting shift in demand towards renovation. This shift is reinforced by powerful public policies: MaPrimeRénov' supported 669,890 homes in 2022 via 3.1 billion euros in premiums. Ceilings have been raised to €35,000 for comprehensive renovations, while the zero-rate eco-loan has made it possible to finance more than 105,000 projects in 2023, a figure multiplied by 4 since 2017. Energy issues are also accelerating the sector's transformation. The number of solar self-consumers is set to rise from 387,000 installations today to 4 million by 2030, with a national target of 4 GW of new capacity installed every year until 2028. At the same time, 16.8% of new vehicles sold in 2023 will be electric, boosting demand for recharging infrastructure. The smart home is also progressing: 40% of households had connected objects in 2022, compared with 33% in 2020. Prices remain competitive in an inflationary context: for renovation work, electrical installation costs between €80 and €142.5/m², with an average hourly rate of €35 to €65. The price of an installed electrical panel ranges from €600 to €1,300, with upgrades costing between €300 and €900. The total cost of installation in a house with electric heating can reach €10,000. The economic fabric is dense and dynamic: in 2023, there were 27,328 companies (+24% since 2015) and 207,247 employees in the sector. In the Paris region, there are 5,740 establishments with 47,024 employees. As for the major groups, Dalkia records record sales of €6.395 billion in 2023, while Spie Building Solutions and Bouygues Énergies & Services each exceed €1 billion. Finally, safety and compliance remain key concerns: 3,000 people suffer electric shocks every year, 30 to 40 deaths are recorded, and up to 35% of house fires are of electrical origin, hence the strict application of the NF C 15-100 standard.