Electrical Accessories Market Report – UK 2021-2025
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Focusing on market size and trends, product mix, supply, distribution and market prospects, the report is comprehensive, informative and will facilitate operational and strategic decision-making processes.
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The 14th edition of the Electrical Accessories Market Report – UK 2021-2025, has been published. This report provides a comprehensive and up to date review of the structure of the electrical accessories market in 2021. Focusing on market size and trends, product mix, supply, distribution and market prospects, the report is comprehensive, informative and will facilitate operational and strategic decision-making processes.
Key Issues Covered in the Report
- UK Electrical Accessories Market – size, recent trends and key influences, forecasts and future trends up to 2025.
- Analysis by Market Sector – Wiring accessories; low voltage circuit protection equipment; low voltage cable systems – size, product mix within each sector, trends and influences.
- Market Structure – review of market structure, breakdown of product sectors with major players, company profiles, anticipated future developments.
- Supply Chain Analysis – analysis of the structure and key distribution channels for electrical accessories.
Some of the companies featured:
Schneider Electric, Eaton Electric, Hager, MK Electric, Electrium, ABB, Greenbrook Electrical, E-T-A Circuit Breakers, Luceco (BG Electrical), Legrand, Anord Mardix, IMO Precision Controls, Timeguard, Prysmian, Nexans, AEI Cables, Batt Cables, Doncaster Cables, Siemens, Rittal, Wieland Electric, IMO Precision Controls,
Areas of Particular Interest
- The industry continues to be dominated by multi-national organisations.
- Impact of the Covid-19 pandemic on the market and its disruptive influence on the wider economy, working patterns and supply chains.
- Increasing legislative pressure and consumer awareness driving demand for energy efficiency improvements and carbon reduction.
- Development of emerging product areas such as electric vehicle charging points and home automation
KEY AREAS COVERED IN THE REPORT
Market Overview
- Total electrical accessories market – analysis of size by value, historical trends and market characteristics.
- Product mix – by value 2020 and a review of key market influences.
- Market prospects and forecasts of market performance to 2025 and key influencing factors.
Product Sectors
WIRING ACCESSORIES ANALYSIS
- Market size and forecasts 2016-2025 including underlying market drivers, influences and market prospects.
- Domestic new build, commercial and domestic RMI mix by value of wiring accessories.
- Product mix by value – sockets, light switches, grid switches, lighting accessories, others.
- Key trends and factors for change by product group – in plugs, sockets, switches, lighting accessories, others.
LV CIRCUIT PROTECTION EQUIPMENT ANALYSIS
- Market size and forecasts 2016-2025 with key market drivers, influences and market prospects.
- Product mix by value – key trends and factors influencing changes to product mix – LV circuit protection devices, isolating switches, distribution boards & switchgear.
- Key trends and underlying drivers by product groups indicated above.
LV CABLE SYSTEMS ANALYSIS
- Market size and forecasts 2016-2025 with key market drivers, influences and market prospects.
- Product mix by value – LV power cables, busbars, cable accessories, cable management.
- Key trends and underlying drivers by product groups indicated above.
Supply and Distribution
- Key suppliers for wiring accessories – market shares.
- Key suppliers for circuit protection equipment – market shares.
- Key suppliers for low voltage cable systems – key suppliers in product groups.
- Company profiles – turnover, ownership, brands, characteristics, major corporate developments
- Structure of the distribution market for electrical accessories.
- Market share for each channel type.
- Company profiles of key electrical wholesalers and internet specialists
The electrical accessories market, as a mature sector, usually experiences moderate levels of growth and decline in line with the overall economy and construction industry trends. However, the market is also influenced by price pressures from low-cost imports and global trends in commodity price, notably copper.
The UK electric accessories market saw fluctuating output levels in the four-year period 2016 – 2019, with growth interrupted by a downturn in 2018 in response largely to sluggish non-residential construction in that year, coupled with pricing pressures and a sharp fall in copper prices in H2 2018.
With the outbreak of Covid-19 in 2020, the UK electrical accessories market saw a sharp decline, despite a recovery in H2 following the initial period of lockdown. New housebuilding was the most severely impacted of all the construction sectors by the pandemic during the first lockdown. There was also a decline in every non- residential end-use sector but particularly in retail.
Wall sockets and switches represent the largest segment of this market and have benefited from several trends in customer demand and product development. These include growing demand for aesthetic finishes, such as metallic, increased use of smart sockets and switches as part of home automation systems, and a growth of USB integrated sockets, partly triggered by the rise in working from home.
A major driver of growth in this market is regulatory requirements, with the 18th edition of wiring regulations in 2018 prompting increased use of RCDs, a shift to a more expensive type of RCD (Type A), and greater use of AFDDs. Pending amendments to the regulations will further stimulate demand for these products.
The LV cable systems market is particularly susceptible to changes in commodity prices, particularly copper, used in cables, and steel, used in cable management and support systems.
Growth in the cable systems market has been sustained by increasing networking requirements, and the adoption of building management systems and fire and security systems in the non-domestic sector, leading to increased demand for cable and trunking, as well as higher quality products.
CONTENTS
1. INTRODUCTION 7
1.1 Context 7
1.2 DEFINITIONS 7
1.2.1 Wiring Accessories 7
1.2.2 Low Voltage Circuit Protection 8
1.2.3 Low Voltage Cable Systems 8
1.3 ABBREVIATIONS 8
2. MARKET SUMMARY 10
2.1 Market size 10
2.2 Market overview 11
2.2.1 Wiring accessories 11
2.3 Imports and exports 12
2.4 Market mix by product type 14
3. MARKET INFLUENCES AND DRIVERS 15
3.1 Main market influences and drivers 15
3.2 Political influences and drivers 15
3.3 Economic influences and drivers 17
3.4 Social influences and drivers 18
3.5 Technological influences and drivers 19
3.6 Legal influences and drivers 21
3.7 Environmental influences and drivers 23
4. END USE SECTORS 24
4.1 Construction Market 24
4.2 The Housing Market 25
5. MARKET SUB SECTORS 27
5.1 WIRING ACCESSORIES – MARKET SIZE (VALUE) 27
5.1.1 Wiring accessories – Sub-sector market summary 27
5.1.2 Wiring accessories – Sub-sector product mix 28
5.1.3 Wiring accessories – Sub-sector end-user mix 30
5.1.4 Company market shares and profiles 30
5.2 LV CIRCUIT PROTECTION EQUIPMENT – MARKET SIZE (VALUE) 38
5.2.1 LV Circuit Protection – Sub-sector market summary 38
5.2.2 LV Circuit Protection – Sub-sector product mix 39
5.2.3 Company market shares and profiles 40
5.3 LV CABLE SYSTEMS – MARKET SIZE (VALUE) 43
5.3.1 LV Cable Systems – Sub-sector market summary 43
5.3.2 LV Cable Systems – Sub-sector product mix 44
5.3.3 Company market shares and profiles 46
6. DISTRIBUTION 50
6.1 MARKET MAP 50
6.2 CHANNEL SHARES BY SUPPLIER 52
6.3 KEY COMPANY PROFILES 53
6.3.1 Electrical wholesalers 53
6.3.2 Online specialists 56
7. MARKET FORECASTS 59
7.1 TEN-YEAR MARKET VIEW 59
7.1.1 Wiring accessories – Forecast 59
7.1.2 LV Circuit Protection – Forecast 60
7.1.3 LV Cable Systems – Forecast 60
7.2 WIRING ACCESSORIES PROSPECTS AND INFLUENCES 61
7.3 LV CIRCUIT PROTECTION PROSPECTS AND INFLUENCES 61
7.4 LV CABLE SYSTEMS PROSPECTS AND INFLUENCES 62
APPENDICES 64
APPENDIX A: ECONOMIC ENVIRONMENT 64
A.1 OVERVIEW AND OUTLOOK 64
A.2 GDP 64
A.3 INFLATION & INTEREST RATES 66
A.4 EMPLOYMENT & WAGES 66
A.5 HOUSEHOLD CONSUMPTION 67
A.6 STERLING 68
A.7 TRADE & BUSINESS INVESTMENT 69
RESEARCH SERVICES OFFERED BY AMA RESEARCH 71
TABLES AND CHARTS
CHART 1: UK ELECTRICAL ACCESSORIES MARKET BY VALUE (£M MSP) 2016 – 2021 10
TABLE 2: IMPORTS AND EXPORTS OF WIRING ACCESSORIES 2018, 2019, 2020 (£M) 13
TABLE 3: IMPORTS AND EXPORTS OF LV CIRCUIT PROTECTION 2018, 2019, 2020 (£M) 13
TABLE 4: IMPORTS AND EXPORTS OF LV CABLE SYSTEMS 2018, 2019, 2020 (£M) 14
CHART 5: MARKET MIX BY PRODUCT TYPE (WIRING ACCESSORIES, CIRCUIT PROTECTION, CABLES) BY VALUE 2020 14
TABLE 6: UK ELECTRICAL ACCESSORIES MARKET PESTLE SUMMARY 2020 15
TABLE 7: KEY ECONOMIC VARIABLES 2020 TO 2023 17
CHART 8: UK HOUSEHOLD PENETRATION OF SMART HEATING CONTROLS (2018, 2021, 2025) 19
CHART 9: CONSTRUCTION OUTPUT (GREAT BRITAIN) ALL NEW WORK & RMI – CURRENT PRICES (£ BILLION) 2016 -2025 24
CHART 10: HOUSING COMPLETIONS 2016 TO 2024 – GREAT BRITAIN (‘000) 25
CHART 11: UK WIRING ACCESSORIES MARKET BY VALUE (£M MSP) 2016 – 2025 27
CHART 12: WIRING ACCESSORIES MARKET PRODUCT MIX SOCKETS, SWITCHES, LIGHTING ACCESSORIES, INDUSTRIAL ETC.) BY VALUE 2020 28
CHART 13: UK WIRING ACCESSORIES MARKET MIX BY END-USE SECTOR 2020 – NON-DOMESTIC, DOMESTIC RMI, DOMESTIC NEW BUILD % BY VALUE 30
TABLE 14: UK WIRING ACCESSORIES MARKET – SUPPLIERS MARKET SHARE 2020% BY VALUE 31
TABLE 15: LUCECO 31
TABLE 16: MK ELECTRIC 32
TABLE 17: SCHNEIDER ELECTRIC 33
TABLE 18: EATON ELECTRIC 33
TABLE 19: LEGRAND 34
TABLE 20: ELECTRIUM 34
TABLE 21: HAGER 35
TABLE 22: SCOLMORE 35
TABLE 23: HAMILTON LITESTAT 36
CHART 24: UK MARKET FOR LOW VOLTAGE CIRCUIT PROTECTION BY VALUE (£M MSP) 2016- 2021 38
CHART 25: PRODUCT MIX UK MARKET FOR LV CIRCUIT PROTECTION DEVICES, (ISOLATING SWITCHES, DISTRIBUTION BOARDS & SWITCHGEAR) 2017 – % BY VALUE 39
CHART 26: UK MARKET FOR LOW VOLTAGE CIRCUIT PROTECTION EQUIPMENT 2020 – % SHARE BY VALUE 41
TABLE 27: GREENBROOK ELECTRICAL 41
CHART 28: UK MARKET FOR LOW VOLTAGE CABLE SYSTEMS BY VALUE (£M MSP) 2016- 2021 43
CHART 29: UK MARKET FOR LOW VOLTAGE CABLE SYSTEMS PRODUCT MIX (LV CABLES, BUSBARS, TRUNKING, ENCLOSURES, TRAYS, ACCESSORIES) 2020 –- % BY VALUE 45
TABLE 30: ABB 47
TABLE 31: HELLERMANNTYTON 47
TABLE 32: PRYSMIAN CABLES & SYSTEMS 48
TABLE 33: RITTAL 48
CHART 34: MAIN DISTRIBUTION ROUTES FOR ELECTRICAL ACCESSORIES 51
CHART 35: ELECTRICAL ACCESSORIES DISTRIBUTION BY CHANNEL (ELECTRICAL WHOLESALERS, MERCHANTS, RETAILERS, ONLINE, DIRECT) BY VALUE 2020 52
TABLE 36: EDMUNDSON ELECTRICAL LTD 54
TABLE 37: REXEL UK LTD 55
TABLE 38: CITY ELECTRICAL FACTORS LTD (CEF) 56
TABLE 39: SCREWFIX DIRECT LIMITED 57
TABLE 40: YESSS ELECTRICAL LTD (YOUR ELECTRICAL SUPPLIES, SERVICE AND SOLUTIONS) 57
TABLE 41: UK ELECTRICAL ACCESSORIES MARKET BY VALUE (£M MSP) 2016-2025 59
TABLE 42: UK WIRING ACCESSORIES MARKET BY VALUE (£M MSP) 2016-2025 59
TABLE 43: UK LV CIRCUIT PROTECTION MARKET BY VALUE (£M MSP) 2016-2025 60
TABLE 44: UK LV CABLE SYSTEMS MARKET BY VALUE (£M MSP) 2016-2025 60
CHART A1: GROSS VALUE ADDED BY SECTOR 65
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE 66
CHART A3: AVERAGE WEEKLY EARNINGS BY SECTOR 67
CHART A4: DISPOSABLE INCOME PER CAPITA & SAVINGS RATIO 68
CHART A5: STERLING EXCHANGE RATES TO THE DOLLAR AND THE EURO 69
CHART A6: TRADE & BUSINESS INVESTMENT, 2018-2020 70
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