Global Electrical Maintenance, Repair, and Operations (MRO) Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

Global Electrical Maintenance, Repair, and Operations (MRO) Market Growth

Currently, the annual global energy consumption is projected to be 580 million terajoules. In the coming years, the demand for electricity worldwide is anticipated to increase at an accelerated pace, with an average annual growth rate of 3.4% expected until 2026. The electricity usage associated with data centres, artificial intelligence (AI), and the cryptocurrency sector may potentially double by 2026. Approximately 85% of the additional electricity demand anticipated through 2026 is expected to originate from regions outside of advanced economies, with China playing a significant role in this increase.

The surge in electricity consumption is driving a heightened need for electrical MRO services. As energy utilisation escalates, the maintenance and enhancement of electrical infrastructure become essential to guarantee reliable and efficient power distribution.

The increasing number of data centres is concurrently driving the demand for electrical MRO. As of December 2023, the global count of data centres reached approximately 10,978. These facilities necessitate a strong electrical infrastructure to guarantee uninterrupted and dependable functioning. Consequently, there is an amplified requirement for routine maintenance, repairs, and enhancements to avert downtime, optimise energy efficiency, and uphold system integrity, which, in turn, propels the expansion of the electrical MRO sector.

Key Trends and Developments

Expansion of the industrial sector, ageing power infrastructure, energy efficiency initiatives, adoption of advanced technologies, increasing energy demand, and rising regulatory compliance are the major trends impacting the electrical maintenance, repair, and operations (MRO) market growth

July 2024

Sonepar, recognised as the foremost B2B distributor of electrical products, solutions, and associated services globally, entered into an agreement to acquire Echo Electric Supply Company, a global leader in the design and production of power equipment.

July 2024

Graybar, a prominent distributor of electrical, communications, and data networking products, as well as a provider of associated supply chain management and logistics services, was recognised on Selling Power’s list of the 60 Best Companies to Sell For.

Expansion of the Industrial Sector

The expansion of the manufacturing and industrial sectors has a significant impact on the demand for electrical maintenance, repair, and operations (MRO) services and products. As these sectors grow, they require increasingly sophisticated machinery and equipment to enhance productivity and efficiency.

Ageing Power Infrastructure

The necessity to sustain and enhance outdated electrical infrastructure is driven by several critical factors that underscore the importance of MRO solutions. As many electrical systems age, they become increasingly prone to failures and inefficiencies, which can lead to significant operational disruptions and safety hazards.

Adoption of Advanced Technologies

Advancements in electrical equipment and technology are rapidly transforming the landscape of various sectors, necessitating a comprehensive revaluation and modernisation of MRO practices and components. As new technologies emerge, including smart devices, automation systems, and advanced materials, it becomes increasingly critical to ensure that MRO strategies are aligned with these innovations.

Increasing Energy Demand

The increasing global demand for energy necessitates the effective operation and maintenance of electrical systems to ensure a stable and dependable energy supply. As populations grow and economies develop, the consumption of energy continues to rise, leading to heightened pressure on existing energy infrastructures.

Energy Efficiency Initiatives

Initiatives aimed at enhancing energy efficiency within electrical systems are driving a significant increase in investments in MRO services. These initiatives focus on optimising the performance of electrical systems to ensure they operate at their highest efficiency levels.

Rising Regulatory Compliance

Enhanced safety and environmental regulations have become increasingly stringent in recent years, necessitating a proactive approach to maintenance and repairs. Nowadays, organisations are encouraged to implement regular inspections and upkeep of their facilities, equipment, and processes to ensure they meet the latest compliance standards.

Global Electrical Maintenance, Repair, and Operations (MRO) Market Trends

The rapid pace of technological advancement in electrical equipment necessitates a strategic overhaul of MRO practices and components. This modernisation is essential not only for ensuring compatibility with new technologies but also for maximising performance, reliability, and efficiency in operations. Additionally, the effective operation and maintenance of electrical systems are critical components in addressing the growing global energy demand. Moreover, the integration of enhanced safety and environmental regulations into daily operations underscores the importance of consistent maintenance and repairs. By doing so, organisations can ensure compliance, protect their assets, and promote a sustainable future while avoiding the financial and reputational pitfalls associated with regulatory violations.

Global Electrical Maintenance, Repair, and Operations (MRO) Industry Segmentation

Global Electrical Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service

• Design
• Installation and Commissioning
• Warranty
• Spare Parts
• Operation and Maintenance
• End of Life
• Others

Market Breakup by Product

• M-HV Transformers
• LV Transformers
• Switchgears
• HVDC
• Circuit Breakers

Market Breakup by Provider

• OEM
• Independent Service Provider
• Self-Managed by Utility

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Electrical Maintenance, Repair, and Operations (MRO) Market Share

Based on the region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia Pacific is projected to grow at a CAGR of 2.8% during the forecast period of 2024-2032. The increasing demand for electrical MRO in the region is fuelled by swift industrial growth, advancements in infrastructure, and the necessity for dependable maintenance of electrical systems to maintain operational efficiency.

Leading Companies in the Global Electrical Maintenance, Repair, and Operations (MRO) Market

Major players are focusing on the adoption of cutting-edge technologies to gain a competitive edge in the market.

• WESCO International
• Adolf Wurth GmbH & Co KG
• Sonepar SAS
• Graybar Electric Company Inc.
• W.W. Grainger, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.