Electrical Contractors Market Report – UK 2019-2023

The 4th Edition of the ‘Electrical Contractors Market Report- UK 2019-2023‘ quantifies the existing market for electrical contracting services and provides a thorough review of the structure and performance of the market. This report contains original input and a detailed assessment of the market and represents excellent value for money to companies in the industry or considering entry.

Key content covered:

• Market Structure.
• Market size and key trends for the electrical contractors’ market including market prospects.
• Regional breakdown and analysis.
• Key product trends and end-use applications.
• Main participants including corporate activity and profitability.

Key areas of insight include:

• Thorough review of the structure of the sector.
• Regional analysis incorporating estimated regional market size and leading contractors.
• The impact of energy efficient products and the renewable energy market.
• Key legislation and regulations affecting the market.
• Analysis of leading electrical contracting firms and recent mergers and acquisitions.
• Profitability analysis.
• Detailed market data and insight on the electrical contractors market by AMA Research, a leading UK provider of construction market intelligence.

Some of the companies included:

Amey UK, Arthur McKay & Co, Balfour Beatty Group, Bancroft, Boulting Group, Briggs & Forrester Group, CBRE Managed Services, Clarkson Evans, Crown House Technologies, Derry Building Services, Dodd Group, Emcor Group (UK) Plc, Engie FM Limited, Essex Services Group, FES, Halsall Electrical, Integral UK, Interserve, Laing O’Rourke Services, Lorne Stewart, Michael Lonsdale limited, Mitie Technical FM, MJ Quinn Integrated Services, NG Bailey Ltd, NIE Network Services, Phoenix ME, Power On Connections, Quartzelec, Shepherd Engineering Services (Wates Group), Skanska Rashleigh Weatherfoil, SPIE UK, SSE Enterprise Contracting, T Clarke, UK Power Network Services (Commercial), etc.

Key areas in the report:

Market Overview

• Definition and market overview – distinction between M&E and electrical contractors.
• Market Performance – market size in value terms, growth levels 2014-2023.
• Key trends – consolidation, energy efficiency, integration and outsourcing. Key factors for market development.
• Market Prospects – market size and growth projections to 2023, where the market is headed and why.
• Market Mix – share of newbuild versus RMI.

Market Trends and Influences

• Review of past, current and future non-domestic construction activity in UK.
• Analysis of current and forecast housing market activity – value, starts and completions.
• Information about legislation and changes to standards affecting the market.
• Outline of carbon reduction targets and green energy requirements – analysis of the renewable energy sector.
• Review of current and future product development opportunities.

Market Structure

• Market Size – number of businesses, number of employees.
• Sector Profile – breakdown by turnover, no of employees, age of business and revenue.
• Service Review – standard services, additional services and growing sectors.
• Profitability Analysis – average profit margin development between 2007 and 2017.

Regional Analysis

• Overview and regional shares for electrical contracting and construction output, by region.
• Estimated electrical contracting output by value, in each region, covering 2016-2018 with forecasts to 2023.
• Profile of each region – number of employees in electrical trades, market value.
• Leading regional players – brief description and turnover figures.

Contractor Review

• Market Share – relative size of leading companies involved in the electrical contracting market.
• Contractor Profiles – extensive section providing company overview, recent acquisitions, turnover and profit figures for companies within the £250m+, £100m+ and £30m+ brackets.
• Corporate Activity – review of major mergers & acquisitions, company failures.
• Procurement Review – covering sub-contracting, contract procurement, materials purchasing and distribution channels.

2. Contents Listing
3. 1. INTRODUCTION 6
4. 1.1 INTRODUCTION 6
5. 1.2 SOURCES OF INFORMATION 6
6. 2. EXECUTIVE SUMMARY & FUTURE PROSPECTS 8
7. 2.1 SUMMARY 8
8. 2.2 MARKET PROSPECTS 9
9. 3. ECONOMIC ENVIRONMENT 10
10. 3.1 OVERVIEW AND OUTLOOK 10
11. 3.2 KEY DATA 11
12. 3.2.1 GDP 11
13. 3.2.2 Inflation & Interest Rates 11
14. 3.2.3 Employment & Wages 12
15. 3.2.4 Household Consumption 13
16. 3.2.5 Sterling 14
17. 4. THE UK ELECTRICAL CONTRACTING MARKET 16
18. 4.1 MARKET DEFINITION 16
19. 4.2 MARKET SIZE & TRENDS 17
20. 4.2.1 Current Situation 17
21. 4.2.2 Market Prospects 18
22. 4.3 MARKET MIX 19
23. 4.4 KEY MARKET INFLUENCES 20
24. 4.4.1 Construction Output 20
25. 4.4.2 Legislation and Standards 23
26. 4.4.3 Carbon Reduction and Green Energy Requirements 25
27. 4.4.4 Product Development 26
28. 5. REGIONAL ANALYSIS – ELECTRICAL CONTRACTORS 30
29. 5.1 OVERVIEW 30
30. 5.2 THE NORTH OF ENGLAND 32
31. 5.3 THE MIDLANDS 34
32. 5.4 EAST OF ENGLAND 36
33. 5.5 LONDON & THE SOUTH EAST 37
34. 5.6 THE SOUTH WEST 39
35. 5.7 WALES 40
36. 5.8 SCOTLAND 41
37. 5.9 NORTHERN IRELAND 43
38. 6. MARKET STRUCTURE 44
39. 6.1 OVERVIEW 44
40. 6.2 COMPANY SIZE 45
41. 6.3 GEOGRAPHICAL COVERAGE 47
42. 6.4 SERVICE OFFERING 47
43. 6.5 PROFITABILITY 50
44. 7. CONTRACTOR REVIEW 52
45. 7.1 OVERVIEW 52
46. 7.2 LEADING ELECTRICAL CONTRACTING COMPANIES 52
47. 7.3 ELECTRICAL CONTRACTOR PROFILES 53
48. 7.3.1 Electrical Contractors – £250m+ Estimated Electrical Turnover 53
49. 7.3.2 Electrical Contractors – £100m – £250m Estimated Electrical Turnover 57
50. 7.3.3 Electrical Contractors – £30m – £100m Estimated Electrical Turnover 60
51. 7.4 PROCUREMENT 63
52. 8. PRODUCTS 65
53. 8.1 ELECTRICAL AND LIGHTING MARKET 65

1. Tables & Charts
2. CHART 1: UK ELECTRICAL CONTRACTOR MARKET 2014 TO 2023 – BY VALUE (£BN) 8
3. TABLE 2: GDP DATA – 2015-2019 – KEY CONSTITUENT ELEMENTS 11
4. CHART 3: INTEREST RATES AND INFLATION (CPI) FROM 2008-2023 12
5. TABLE 4: AVERAGE WEEKLY EARNINGS DATA – GB – TOTAL PAY – 2014-2019 (SEASONALLY ADJUSTED) 13
6. CHART 5: PDI & SAVINGS RATIO AT CURRENT PRICES 2008-2023 14
7. TABLE 6: EXCHANGE RATE FLUCTUATIONS 2015-2021 – STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 15
8. TABLE 7: UK ELECTRICAL CONTRACTING MARKET 2014 TO 2023 – BY VALUE (£M) 17
9. CHART 8: MIX BY TYPE OF PROJECT (NEW BUILD, RMI) – % BY VALUE 2018 19
10. CHART 9: CONSTRUCTION OUTPUT (GREAT BRITAIN) NEW WORK & RMI -CURRENT PRICES (£BN) 2014 -2022 20
11. CHART 10: CONSTRUCTION NEW WORK BY END-USE SECTOR BY VALUE 2018 21
12. CHART 11: DOMESTIC CONSTRUCTION OUTPUT 2014 TO 2022 – BY VALUE (£BN AT CURRENT PRICES) 22
13. CHART 12: DOMESTIC CONSTRUCTION STARTS & COMPLETIONS AND FORECASTS 2014 TO 2022 BY VOLUME 22
14. CHART 13: UK ELECTRICAL CONTRACTING REGIONAL SHARES BY VALUE – 2018 30
15. CHART 14: CONSTRUCTION OUTPUT – REGIONAL SHARES BY VALUE – 2017 31
16. CHART 15: PUBLIC/PRIVATE CONSTRUCTION OUTPUT 2014 – 2017 – NORTH OF ENGLAND – BY CONSTRUCTION TYPE (£M) 32
17. TABLE 16: NORTH OF ENGLAND – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 33
18. CHART 17: PUBLIC AND PRIVATE CONSTRUCTION OUTPUT 2014 – 2017 IN THE MIDLANDS – BY CONSTRUCTION TYPE (£M) 34
19. TABLE 18: THE MIDLANDS – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 35
20. CHART 19: PUBLIC AND PRIVATE CONSTRUCTION OUTPUT 2014 – 2017 IN THE EAST OF ENGLAND – BY CONSTRUCTION TYPE (£M) 36
21. TABLE 20: EAST OF ENGLAND – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 36
22. CHART 21: PUBLIC AND PRIVATE CONSTRUCTION OUTPUT 2014 – 2017 IN LONDON & THE SOUTH EAST – BY CONSTRUCTION TYPE (£M) 37
23. TABLE 22: LONDON AND THE SOUTH EAST – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 38
24. CHART 23: PUBLIC AND PRIVATE CONSTRUCTION OUTPUT 2014 – 2017 IN THE SOUTH WEST OF ENGLAND – BY CONSTRUCTION TYPE (£M) 39
25. TABLE 24: SOUTH WEST – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 39
26. CHART 25: PUBLIC AND PRIVATE CONSTRUCTION OUTPUT 2014 – 2017 IN WALES – BY CONSTRUCTION TYPE (£M) 40
27. TABLE 26: WALES – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 41
28. CHART 27: PUBLIC AND PRIVATE CONSTRUCTION OUTPUT 2014 – 2017 IN SCOTLAND – BY CONSTRUCTION TYPE (£M) 41
29. TABLE 28: SCOTLAND – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 42
30. TABLE 29: NORTHERN IRELAND – ELECTRICAL CONTRACTING MARKET SIZE AND EMPLOYMENT – BY VALUE 2016-2023 (£M) 43
31. CHART 30: NUMBER OF ENTERPRISES INVOLVED IN ELECTRICAL INSTALLATION WORK AND TOTAL OF EMPLOYMENT – 2010-2017 (‘000) 44
32. CHART 31: ELECTRICAL INSTALLATION FIRMS BY AGE OF BUSINESS – 2018 45
33. TABLE 32: ENTERPRISES INVOLVED IN ELECTRICAL INSTALLATION BY EMPLOYMENT SIZE BAND 2018 45
34. TABLE 33: ENTERPRISES INVOLVED IN ELECTRICAL INSTALLATION BY TURNOVER SIZE – 2018 46
35. CHART 34: TOTAL REVENUE OF FIRMS INVOLVED IN ELECTRICAL INSTALLATION REVENUE £BN – 2010-2017 46
36. CHART 35: ENTERPRISES INVOLVED IN ELECTRICAL INSTALLATION WORK BY REGION (%) – 2018 47
37. TABLE 36: STANDARD SERVICES OFFERED BY A TYPICAL MEDIUM TO LARGE ELECTRICAL CONTRACTOR 48
38. TABLE 37: ADDITIONAL AND GROWING SERVICES OFFERED BY A TYPICAL MEDIUM SIZED ELECTRICAL CONTRACTOR 49
39. CHART 38: ELECTRICAL CONTRACTORS’ AVERAGE PROFIT MARGINS 2007-2017 (%) 51
40. CHART 39: MARKET SHARES BY ELECTRICAL CONTRACTING TURNOVER 2018 52
41. TABLE 40: LEADING ELECTRICAL CONTRACTORS IN THE UK – BY ESTIMATED TURNOVER FROM ELECTRICAL WORK 2018 53
42. TABLE 41: INTERSERVE UK CONTRACT WINS 2017 – 2018 55
43. TABLE 42: ENGIE UK CONTRACT WINS 2017/18 57
44. TABLE 43: ELECTRICAL AND LIGHTING MARKET 2013-2022 (£M DSP) 65