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Viewing report
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Electrical Contracting Market Report 2000
Key Note Publications Ltd, Jan 2000
It is estimated that the market value for electrical contracting services was £5.8bn in 1999, and that this total has grown by 23% from £4.7bn in 1995. The industry's sales include the value of materials and installations according to the Electrical Contractors Association register of work category designations. These cover lighting installations, power installations, emergency lighting, fire alarms, security systems, building management systems, control systems, energy management systems, computer installations, fibre optics, data infrastructure cabling, high-voltage and low-voltage jointing and installations in hazardous areas.
Electrical contracting functions as a service to the electrical energy industry. Contractors carry out all the work required from the installation of power generators and transformers to the transmission and the connection of the supply of electricity to the ultimate consumer. They are also involved in the installation of various ancillary products and systems which are dependent on electrical power, e.g. energy management systems, computer systems, data processing and telecommunication networks.
The industry uses a vast range of products which are bought mainly from specialist electrical wholesalers. These wholesalers are independent stockists, some of whom are local enterprises while others own and operate a national network of branches. Their role is crucial to the electrical contracting industry, for component manufacturers and the final users, as parts have to be available immediately when required and in the quantity required.
Demand for the services of electrical contractors fluctuates in accordance with movements in the national economy as it is closely linked to the performance of domestic industries, and particularly the construction and civil engineering industries. The main areas of activity within the construction industry of importance to electrical contractors are housing, industrial and commercial building, work for the public sector (government and local authority, e.g. public lighting), the infrastructure (such as power stations, power transmission lines, roads, railways, airports and seaports), repairs, maintenance and refurbishments.
Because of sustained growth in the national economy - indicated by gross domestic product (GDP) - and in general prosperity since the mid 1990s there has been steady overall growth in demand for electrical contracting services. Big construction projects and other new work undertaken during this period include very large out-of-town shopping centres, expansion of regional airports, the Jubilee Line extension and construction of the Millennium Dome. Consequently Key Note forecasts that the electrical contracting market will grow from £5.9bn in 2000, to £7.5bn in 2004.
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