Institution of Engineering and Technology

What Institution of Engineering and Technology does

The Institution of Engineering and Technology (IET) is a UK-headquartered, registered not-for-profit membership body founded in 1871 and operating under a Royal Charter as a charity in England & Wales (no. 211014) and Scotland (no. SC038698). With 157,000+ members in 148 countries and regional offices in the UK, China, India, Hong Kong, and the USA, it is licensed by the Engineering Council UK to confer professional registration (Chartered Engineer, Incorporated Engineer, Engineering Technician, ICT Technician) and serves as a learned society for the global engineering and technology community.

IET's core technical assets include the BS 7671 Wiring Regulations co-published with BSI (the UK electrical installation standard, with Amendment 4 set for 15 April 2026), the Inspec bibliographic database and its Inspec Direct, Inspec Analytics, and Inspec API products, the EngX online professional community platform, and the Career Manager CPD recording portal. Complementary products include the E+T Magazine and Engineering Jobs platforms, peer-reviewed journals published with Wiley, technical webinars across 16 engineering disciplines, the IET.tv video platform, the IET Digital Library, and the IET Bookshop.

Revenue is diversified across membership subscriptions (Student through Fellow tiers), publishing and journal subscriptions, BS 7671 standard and amendment sales, conference and training fees (including the DPSP power system protection conference and technical training courses in semiconductors and passive radar), and two physical event venues — IET London: Savoy Place and IET Birmingham: Austin Court — operated for hire, conferencing, and catering. Commercial operations flow through IET Services Limited, a wholly-owned trading subsidiary. Distribution spans digital self-serve platforms, direct membership sales, volunteer-led local networks across seven global regions, BS 7671 distribution via the IET Bookshop, and direct policy engagement with UK Government, Parliament, and Devolved Administrations.

Name

Institution of Engineering and Technology

Legal name

The Institution of Engineering and Technology

Website

https://theiet.org

Company type

Private

Founded year

1871

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

The Institution of Engineering and Technology (IET) is a UK-headquartered not-for-profit membership body founded in 1871, licensing professional registration for engineers globally across 157,000+ members in 148 countries. It co-publishes the BS 7671 Wiring Regulations with BSI, operates the Inspec database, and delivers events, training, and policy engagement worldwide.

Ownership category

akta.pro rank

Product category

Professional Engineering Membership

NAICS

Professional, Scientific, and Technical Services (54), Other Scientific and Technical Consulting Services (54169), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Engineering Services (8711), Services-Educational Services (8200), Miscellaneous Publishing (2741), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Engineering & Technical Professions (PE, Engineering CPD) (EDAAALAF)

akta.pro secondary industry

Engineering & Technical Standards (Civil, Mechanical, Electrical; Codes & Standards) (EDAGAGAC)

Keywords

• Professional engineering membership
• Wiring regulations standards
• Engineering publications
• Professional registration services
• Technical training courses

Headquarters

HQ city

Harts

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Membership Subscriptions: The IET generates revenue through tiered membership subscriptions including Student, Associate, Technician, Member (MIET), and Fellow (FIET) grades. Members pay annual fees and receive benefits including professional registration support, publications, access to the Career Manager, and discounts on events and training.
2. Publishing and Journals: The IET publishes journals, books, and technical standards including BS 7671 Wiring Regulations, and maintains the Inspec database. Revenue is generated through journal subscriptions, book sales, and database access fees.
3. Events and Training: The IET runs conferences, technical training courses, and professional development programmes. Revenue is generated through conference registration fees, training course fees, and event sponsorship.
4. IET Venues: The IET operates two event venues: IET London: Savoy Place and IET Birmingham: Austin Court. These venues generate revenue through event hire, conferencing, and catering services.
5. IET Bookshop: The IET operates an online bookshop selling technical publications, standards, and related engineering resources.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels10 records

Core offering

The Institution of Engineering and Technology is a not-for-profit professional engineering membership body that grants professional registrations (CEng, IEng, EngTech, ICTTech), publishes and maintains the BS 7671 IET Wiring Regulations and other technical standards, operates the Inspec scientific abstracts database with companion Inspec Direct and Inspec Analytics products, and delivers a portfolio of paid training courses, conferences, publications, and venue hire services to a global engineering community of more than 157,000 members across 148 countries.

Product overview

The IET is a not-for-profit membership organization (over 157,000 members in 148 countries) providing a comprehensive portfolio of products and services for the global engineering and technology community. The core offerings include professional membership with pathways to Engineering Council registration (Chartered Engineer, Incorporated Engineer, Engineering Technician, ICT Technician), supported by Career Manager for CPD tracking. The IET publishes peer-reviewed journals and books through partnerships with Wiley, maintains the Inspec database (accessible via Inspec Direct and Inspec Analytics), and produces the E+T Magazine. Standards work includes the BS 7671 IET Wiring Regulations (18th Edition with Amendment 4 2026). The organization operates the IET EngX online community platform, manages Local Networks globally, delivers Technical Webinars across 16 disciplines, and runs events and conferences through IET Venues (Savoy Place, Austin Court). Educational initiatives include WISE (Women into Science and Engineering), IET Education resources, Faraday Challenge Days, and FIRST LEGO League. The IET also conducts policy work through its Sustainability, Digital Futures, and Education & Skills Policy Centres, publishes regular UK and international skills surveys, and offers the India Scholarship Award. Key digital services include IET.tv, the Digital Library, Bookshop, and Engineering Jobs board. The IET Academy (closed December 2023) previously provided online learning.

Differentiator

Problem solved

Functional benefit

Brands

• WISE (Women into Science and Engineering): Campaign promoting women in science, engineering and construction
• Inspec
• E+T (EandT)
• Electrical Standards / Wiring Regulations
• Faraday
• IET Venues
• IET EngX
• Foothold
• IET Career Manager
• IET.tv

Products and services

• IET Membership
• Professional Registration (CEng, IEng, EngTech, ICTTech) Paid application, assessment and ongoing registration of engineers (CEng, IEng) and technicians (EngTech, ICTTech) against the UK-SPEC standard, delivered with the Engineering Council.
• BS 7671 IET Wiring Regulations The UK national standard for electrical installation, co-owned and published by the IET with BSI, and sold to electrical contractors, designers and electricians as a paid publication.
• Inspec Database Proprietary scientific and technical abstracts database licensed to academic, corporate and government subscribers for literature searching in engineering and physics.
• Inspec Direct Online search and retrieval platform that gives institutional subscribers access to Inspec records alongside advanced search and export features.
• Inspec Analytics Analytics tool that uses Inspec data to provide research trend, bibliometric and institutional benchmarking insights to subscribers.
• IET Digital Library Online platform providing institutional and individual access to IET-published books, journals, conference proceedings and reference content.
• IET Events and Conferences Ticketed industry conferences, exhibitions and technical seminars covering electrical, electronic, manufacturing, energy, transport and related engineering sectors.
• IET Training Courses Paid technical and professional development training courses for engineers, technicians and electrical practitioners, including BS 7671 Wiring Regulations training.
• IET Venues (Savoy Place and other venues) Paid venue hire of IET premises (notably Savoy Place in London) for conferences, meetings, dinners and corporate events.
• IET Bookshop (publications) Retail and online sale of IET books, standards, guides and journals, including the On-Site Guide to BS 7671 and other practitioner-focused publications.
• Career Manager Online tool for members to record CPD, plan career development and evidence professional registration requirements.
• IET.tv Video on-demand and live platform delivering IET lectures, recorded events and engineering content to members and subscribers.
• IET EngX Community Online engineering community for IET members to connect, ask technical questions and participate in discipline-specific discussion groups.
• Engineering Jobs (IET Jobs Board) Online job board that lets engineering employers post roles and lets IET members search for engineering jobs globally.

Quantifiable outcome

• Past IET India Scholarship Award winners and finalists have progressed to opportunities at Apple, Google, NASA, and MIT
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles6 records

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• BSI (British Standards Institution)coreTechnology or Integration · 15 April 2026The IET and BSI co-publish BS 7671:2018, the 18th Edition of the IET Wiring Regulations, the UK's primary standard for electrical installations. Together they completed Amendment 4 (2026), introducing new chapters on stationary secondary batteries, functional earthing for ICT equipment, Power over Ethernet, and a major revision of Section 710 on Medical Locations, scheduled for release on 15 April 2026. This is a long-standing standards partnership fundamental to the IET's role in electrical safety.
• Kumasi Technical University (KsTU)coreStrategic or Co-development PartnerA delegation from IET Ghana (IET-GH) visited the Faculty of Built and Natural Environment at Kumasi Technical University to strengthen collaboration in built environment programmes. Discussions covered professional development, membership pathways, and strategic partnerships in construction governance, sustainable infrastructure, and industry-led research. Both institutions expressed commitment to formal engagement aimed at shaping curricula and enhancing graduate employability in Ghana's engineering and construction sectors.
• IET Ghana (IET-GH)coreStrategic or Co-development PartnerIET Ghana (IET-GH) is an IET local network/territorial arm operating in Ghana, representing the IET's global reach in Sub-Saharan Africa. IET-GH is actively involved in policy advocacy, calling for engineering standards reviews following building collapses, and establishing academic-industry partnerships with institutions like Kumasi Technical University.
• Engineering Professors Council (EPC)coreStrategic or Co-development PartnerSince 2017, the IET and EPC have operated a joint New Approaches to Engineering Higher Education Working Group advocating six areas for engineering education development: creativity, diversity, project work, industry engagement, work experience, and interdisciplinarity. The partnership has produced joint publications including case study papers showcasing successful approaches at UK universities.
• WISE (Women into Science and Engineering)coreStrategic or Co-development PartnerWISE is an IET campaign promoting gender equality in science, engineering and construction. A refreshed brand was launched together with the IET in May 2026. The IET offers WISE corporate membership, WISE product standard terms, and supports the WISE Platform and My Skills My Life initiative. The WISE logo and branding are displayed prominently on the IET website as part of the partnership.
• Electrical Contractors' AssociationminorStrategic or Co-development PartnerThe IET joined with the Electrical Contractors' Association, Electrical Safety First, NICEIC, and SELECT in issuing a joint warning about six safety risks associated with plug-in solar systems in the UK. The joint statement addressed two-way power issues, fire risks, poor quality hardware, grid stability, insurance liability, and installation hazards.
• Electrical Safety FirstminorStrategic or Co-development PartnerThe IET joined with Electrical Safety First and other industry groups in issuing a joint warning about six safety risks associated with plug-in solar systems. The collaboration demonstrates the IET's role in electrical safety advocacy alongside consumer protection organisations.
• NICEICminorStrategic or Co-development PartnerThe IET partnered with NICEIC and other UK electrical industry bodies in issuing a joint safety warning about plug-in solar systems, covering risks including fire hazards, grid stability, and installation quality.
• SELECT (Electrotechnical Trade Body)minorStrategic or Co-development PartnerSELECT participated in the development of Amendment 4 (2026) to BS 7671 through the JPEL/64 committee. The IET and SELECT have also collaborated on joint safety warnings about plug-in solar systems.
• Ecosystems Knowledge NetworkminorStrategic or Co-development PartnerThe IET participates in the Nature Finance UK Conference, organised by the UK's Ecosystems Knowledge Network, which focuses on investment strategies for natural infrastructure and nature-based solutions, aiming to mobilise over £500 million annually into nature recovery by 2027.
• Foothold (The Institution of Engineering and Technology Benevolent Fund)coreOthersFoothold is the IET's benevolent fund — an independent registered charity providing support to current and former IET members including legal advice, employment assistance, counselling, and financial help. The IET promotes Foothold to its 150,000+ members and signposts donations. From October 2024, members are directed to donate directly to Foothold rather than through the IET membership renewal.
• YouGovminorOthersThe IET commissioned YouGov to conduct its 2025 UK Engineering and Technology Skills Survey with 1,316 respondents, providing data-driven insights into engineering workforce skills challenges.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ASME: US-based professional body running membership, conferences, peer-reviewed journals, and codes & standards (e.g., ASME Boiler & Pressure Vessel Code) — a near-mirror of the IET's standards + publishing + membership model in a different engineering domain.
• Institution of Mechanical Engineers (IMechE): UK-based professional engineering institution operating the same membership, registration, publishing, and events model for mechanical engineers — the most direct analogue to IET's structure and revenue mix.
• Institution of Civil Engineers (ICE): Fellow UK learned society offering Chartered Engineer registration, CPD, publishing, and library services to civil engineers — operating the same professional body model with overlapping student and graduate audiences.
• IEEE: The world's largest technical professional organisation, running membership, conferences, standards (IEEE 802 family), and peer-reviewed publishing across electrical, electronics, and computing — directly overlapping IET's core categories at a global scale.
• ACM: International learned society for computing, providing membership, digital library, conferences, and peer-reviewed publications — an analogous professional body covering the computing/IT portion of IET's remit.

Broad incumbents

• British Standards Institution (BSI): Co-publishing partner for BS 7671 and the UK's national standards body — directly comparable on standards development, distribution, and standards-based training.
• International Electrotechnical Commission (IEC): Global standards body for electrotechnology whose international standards compete with and inform the IET's wiring regulations — comparable on the standards authority side of the business.
• Royal Academy of Engineering: UK's national academy for engineering, focused on policy, fellowships, and awards rather than mass membership — overlaps on policy influence, accreditation, and government engagement.
• Engineering Council UK: The UK regulator that licenses the IET to award CEng/IEng/EngTech/ICT Tech registrations — directly comparable as the regulatory anchor for UK engineering professional credentials.

Others

• Wiley: Publishing partner that co-publishes IET journals and is a direct analogue on the academic/scientific publishing side of IET's business — comparable as an enabler in the publishing value chain.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/theiet
• LinkedInlinkedin.com/company/9270
• Instagraminstagram.com/theiet
• Xx.com/TheIET
• Facebookfacebook.com/TheInstitutionofEngineeringandTechnology

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about Institution of Engineering and Technology