Electrical Accessories Market Report - UK 2012-2016 AnalysisAMA ResearchOctober 26, 2012 82 Pages - SKU: AJLA4911924 |
Additional Information
The value of the electrical accessories market fell in 2008 and 2009 from a peak of £1.6bn in 2007, due to difficult trading conditions and the economic downturn, resulting in a decline of 20% over two years. The market was estimated to be valued at around £1.3bn in 2010, a decline of 17% since its peak in 2007.Though the difficult economic situation continued into 2010, there was a substantial rise in raw material prices, in particular copper, and this inflated prices offsetting low demand and leading to a marginal increase in value terms. In 2011, the market returned to growth as prices continued to support the market and construction output improved and the market was supported by major public sector projects already committed or started prior to cuts. 2012 is estimated to see marginal decline as public sector cuts begin to impact on construction levels significantly and as caution remains in the private sector.
The market is split into 3 distinct product groups – Wiring Accessories, Circuit Protection and Low Voltage Cable Systems and includes a number of products used for low voltage electrical installations with power ratings of up to and including 1kV AC or 1.5 kV DC. The market is dominated by low voltage cable systems with value share of 59%, followed by circuit protection with 25% and wiring accessories with 16%. As the electrical accessories market is mature, the product mix has remained fairly stable in recent years.
Raw material prices play an important role in market performance for electrical accessories, with the price of cable in particular being highly dependent on copper prices. These have fluctuated widely in recent years – there was a substantial fall in 2008/09 with prices falling by around 65%. Since then copper prices tripled and reached a new peak before stabilising.
There has been downward pressure on product prices as manufacturers compete in markets suffering from reduced demand, though product development, higher raw material prices and a weakened currency has led to prices increasing over the past two years, supporting the market. Activity at supplier level during the recession has been focused on consolidation, rationalisation and cost cutting exercises, with many taking the opportunity to integrate earlier acquisitions, streamlining purchasing processes and even repositioning their businesses.
The electrical accessories market being a mature and sizeable market, recovery will be slow with the market value not expected to return to its 2007 peak level even by the end of the forecast period. Current forecasts indicate annual increases of 4-5% from 2014 onwards as the economy improves and house building activity increases, and it is expected that the market value will be around £1.6bn in 2016. However, this will depend on the speed of economic recovery and any fluctuations in raw material prices.
- 1. INTRODUCTION
- 1.1 BACKGROUND
- 1.2 SOURCES OF INFORMATION
- 2. SUMMARY AND FUTURE PROSPECTS
- 2.1 SUMMARY
- 2.2 FUTURE PROSPECTS
- 3. ECONOMIC ENVIRONMENT
- 3.1 GDP
- 3.2 INFLATION & INTEREST RATES
- 3.3 UNEMPLOYMENT
- 3.4 HOUSEHOLD CONSUMPTION
- 3.5 HOUSING & CONSTRUCTION
- 3.6 STERLING
- 3.7 POPULATION PROFILE
- 3.8 CONCLUSIONS
- 4. ELECTRICAL ACCESSORIES MARKET
- 4.1 MARKET DEFINITION
- 4.2 MARKET SIZE & TRENDS
- 4.3 PRODUCT MIX
- 4.4 MARKET CHARACTERISTICS
- 4.4.1 Pricing
- 4.4.2 International Trade
- 4.5 KEY MARKET INFLUENCES
- 4.5.1 Construction Market
- 4.5.2 The Housing Market
- 4.5.3 Changing Demand for Electrical/Electronic Equipment
- 4.5.4 Legislative Changes Impacting on the Electrical Sector
- 5. WIRING ACCESSORIES
- 5.1 MARKET AND PRODUCT DEFINITION
- 5.2 MARKET SIZE & TRENDS – WIRING ACCESSORIES
- 5.3 INTERNATIONAL TRADE – WIRING ACCESSORIES
- 5.4 END USER MIX – DOMESTIC & NON DOMESTIC, RMI & NEW BUILD
- 5.5 PRODUCT MIX – SOCKETS, SWITCHES, LIGHTING ACCESSORIES, INDUSTRIAL ETC
- 5.5.1 Wall Sockets & Switches
- 5.5.2 Lighting Accessories
- 5.5.3 Grid Switches
- 5.5.4 Industrial Plugs and Sockets
- 5.5.5 Other Products
- 6. LV CIRCUIT PROTECTION EQUIPMENT
- 6.1 MARKET DEFINITION
- 6.2 MARKET SIZE & TRENDS – LV CIRCUIT PROTECTION EQUIPMENT
- 6.3 INTERNATIONAL TRADE – LV CIRCUIT PROTECTION
- 6.4 PRODUCT MIX - LV CIRCUIT PROTECTION DEVICES, ISOLATING SWITCHES, DISTRIBUTION BOARDS & SWITCHGEAR
- 6.4.1 Circuit Protection Components – MCBs, RCDs, MCCBs
- 6.4.2 Standard LV Distribution Boards
- 6.4.3 LV Cubicle Switchboards
- 6.4.4 Isolating Switches/Switch Fuses
- 7. LOW VOLTAGE CABLE SYSTEMS
- 7.1 MARKET DEFINITION
- 7.2 MARKET SIZE & TRENDS
- 7.3 INTERNATIONAL TRADE – CABLE SYSTEMS
- 7.4 PRODUCT MIX – LV CABLES, BUSBARS, TRUNKING, ENCLOSURES, TRAYS, ACCESSORIES
- 7.4.1 LV Cables
- 7.4.2 Busbar Trunking
- 7.4.3 Cable Management
- 8. SUPPLIERS
- 8.1 INDUSTRY STRUCTURE
- 8.2 LEADING SUPPLIERS
- 8.2.1 Cable Management
- 8.2.2 Other Key Suppliers
- 8.3 MARKET SHARE
- 8.3.1 Wiring Accessories
- 8.3.2 Low Voltage Circuit Protection
- 8.3.3 Low Voltage Cable Systems
- 9. DISTRIBUTION
- 9.1. DISTRIBUTION STRUCTURE OF THE ELECTRICAL ACCESSORIES MARKET
- 9.2 DISTRIBUTION BY PRODUCT - CABLES, BUSBARS, TRUNKING, ENCLOSURES, TRAYS, ACCESSORIES
- 9.3 DISTRIBUTION CHANNELS
- 9.3.1 Electrical Wholesalers
- 9.3.2 Pre-Packers
- 9.3.3 Electronic Component Distributors
- 9.3.4 Builders’ Merchants
- 9.3.5 Trade Catalogue/Internet Only
- List of Tables and Charts
- CHART 1: UK MARKET FOR ELECTRICAL ACCESSORIES 2006-2016 – BY VALUE (£M AT MSP)
- CHART 2: INTEREST RATES AND INFLATION (CPI) FROM 1992-2016
- CHART 3: PDI & SAVINGS RATIO AT CURRENT PRICES 1992-2016
- TABLE 4: EXCHANGE RATE FLUCTUATIONS 2008-2014 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES
- CHART 5: AGE DISTRIBUTION OF THE RESIDENT UK POPULATION MID-2010 (‘000)
- TABLE 6: THE UK MARKET FOR ELECTRICAL ACCESSORIES 2006 - 2016 BY VALUE (£M MSP)
- CHART 7: ELECTRICAL ACCESSORIES MARKET PRODUCT MIX 2012 – WIRING ACCESSORIES, CIRCUIT PROTECTION, CABLES % BY VALUE
- CHART 8: UK INTERNATIONAL TRADE IN ELECTRICAL ACCESSORIES 2006-2011 – VALUE (£M)
- CHART 9: CONSTRUCTION OUTPUT (GREAT BRITAIN) ALL NEW WORK & RMI –CURRENT PRICES (£ BILLION) 2008 -2015
- CHART 10: HOUSING COMPLETIONS 2006 TO 2016 – UNITED KINGDOM (‘000)
- TABLE 11: ENERGY CONSUMPTION BY USER – ELECTRICITY 2006-2010 (M TONNES OIL EQUIVALENT)
- CHART 12: ELECTRICITY CONSUMPTION BY END USER – INDUSTRY, DOMESTIC ETC 2010
- TABLE 13: UK WIRING ACCESSORIES MARKET (£M AT MSP) 2006 TO 2016
- CHART 14: UK INTERNATIONAL TRADE IN WIRING ACCESSORIES 2006-2011 – VALUE (£M)
- TABLE 15: UK INTERNATIONAL TRADE IMPORTS & EXPORTS OF WIRING ACCESSORIES 2006 AND 2011 BY COUNTRY BY VALUE (£M)
- CHART 16: UK WIRING ACCESSORIES MARKET MIX BY END-USE SECTOR 2012 – NON DOMESTIC, DOMESTIC RMI, DOMESTIC NEW BUILD % BY VALUE
- CHART 17: WIRING ACCESSORIES PRODUCT MIX 2012 - SOCKETS, SWITCHES, LIGHTING ACCESSORIES, INDUSTRIAL ETC - % BY VALUE
- TABLE 18: UK MARKET FOR LOW VOLTAGE CIRCUIT PROTECTION & SWITCHGEAR 2006-2016 – BY VALUE (£M AT MSP)
- CHART 19: UK INTERNATIONAL TRADE IN CIRCUIT PROTECTION 2006-2011 – VALUE (£M)
- TABLE 20: UK INTERNATIONAL TRADE IMPORTS & EXPORTS OF CIRCUIT PROTECTION 2006 AND 2011 BY COUNTRY BY VALUE (£M)
- CHART 21: PRODUCT MIX UK MARKET FOR LV CIRCUIT PROTECTION DEVICES, ISOLATING SWITCHES, DISTRIBUTION BOARDS & SWITCHGEAR 2012 - % BY VALUE
- TABLE 22: THE UK MARKET FOR LV CABLE SYSTEMS 2006 TO 2016
- CHART 23: UK INTERNATIONAL TRADE IN CABLE SYSTEMS 2006-2011 – VALUE (£M)
- TABLE 24: UK INTERNATIONAL TRADE IMPORTS & EXPORTS OF CABLE SYSTEMS 2008 AND 2011 BY COUNTRY BY VALUE (£M)
- CHART 25: UK MARKET FOR LOW VOLTAGE CABLE SYSTEMS PRODUCT MIX 2012 – LV CABLES, BUSBARS, TRUNKING, ENCLOSURES, TRAYS, ACCESSORIES - % BY VALUE
- CHART 26: UK MARKET FOR BUSBAR TRUNKING – MARKET MIX BY TYPE OF SYSTEM – LIGHTING, HIGH, MEDIUM POWER 2012
- TABLE 27: CABLE MANAGEMENT PRODUCT MIX 2012 – TRUNKING, ACCESSORIES, ENCLOSURES, TRAYS
- TABLE 28: UK WIRING ACCESSORIES MARKET – SUPPLIERS MARKET SHARE 2012 % BY VALUE
- CHART 29: UK MARKET FOR LOW VOLTAGE CIRCUIT PROTECTION EQUIPMENT 2012- % SHARE BY VALUE
- CHART 30: MAIN DISTRIBUTION ROUTES FOR ELECTRICAL ACCESSORIES
- CHART 31: DISTRIBUTION OF ELECTRICAL ACCESSORIES 2012 - OEM, PRE-PACKERS, WHOLESALERS
- CHART 32: ELECTRICAL WHOLESALE MARKET SHARES 2011 BY VALUE % (REXEL, EDMUNDSON, CEF ETC)
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