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AMA Research are pleased to announce the publication of the 11th Edition of AMA Research's report 'Electrical Accessories Market Report - UK 2014-2018 Analysis', which focuses on providing a comprehensive and up to date review of the structure of the electrical accessories Market in 2014.

This unique market research report answers the need for both a quantitative and qualitative analysis of electrical installation products and represents an invaluable guide to the overall market for sales and marketing professionals involved in the electrical industry. Focusing on market size and trends, product mix, supply, distribution and future prospects, the report is comprehensive, informative and will facilitate operational and strategic decision-making processes.

Product sectors reviewed include:

• WIRING ACCESSORIES


• LOW VOLTAGE CIRCUIT PROTECTION EQUIPMENT


• LOW VOLTAGE CABLE SYSTEMS


Key issues analysed include:

• New Housebuilding Market


• Non-residential Construction Market Trends


• International Trade


• Growth areas in the electrical products market

The electrical accessories market experienced a return to growth in 2013 as confidence in the market continued to improve and construction output increased. 2014 is forecast to show more substantial growth as the private sector starts to recover, supporting the market in the face of limited public sector spending. The current outlook for electrical accessories over the medium term is for growth to continue as construction output resumes. This will be underpinned by a recovery in the private housing sector in particular. A return to pre-recession market value levels is expected from 2016.

Areas of particular interest:

• Analysis of growth areas within electrical products.


• Wiring accessories supported by continuing development of added value features.


• Increasing awareness of the need to protect systems, supporting circuit protection equipment.


• Potential to expand in the cable systems sector through development of modular wiring systems.


• Key supplier analysis and market shares.


• Analysis of distribution structure and channels, key trends and prospects.


• Review of specification and procurement processes of electrical accessories by electrical contractors.


Some of the companies included:

ABB, AEI Cables, Batt Cables, BG Electrical, Cable Management Products, Chint Europe (UK), City Electrical Factors (CEF), Contactum, Cooper Industries, Dietzel Univolt, Denmans, Eaton Electric, Edmundson Electrical, Eldon Electric, Electrix International, E-T-A Circuit Breakers, Flexicon, GE Industrial Solutions Products UK, Gewiss UK, Greenbrook Electrical, Hager UK, Hamilton Litestat, Hellermann Tyton, Honeywell International, IMO Precision Controls, Legrand Electric UK, Lewden Electrical Industries, Mardix, Marshall Tufflex, Newey and Eyre, Nexans, Niglon, Olson Electronics, Proteus Switchgear, Prysmian Cables & Systems, Rexel Group, Rittal, Ronbar Factors, Schneider Electric UK, The Scolmore Group, Screwfix, Siemens Building Technologies, Status International, TE Connectivity, The TFC Group, Timeguard, TT Electronics, Weidmuller UK, WF Senate, Wieland Electric, Wilts Wholesale Electrical, YESSS.

Key areas covered in the report include:

OVERALL ELECTRICAL ACCESSORIES MARKET

• Total electrical accessories market - analysis of size by value, historical trends and market characteristics.


• Product Mix - by value 2014 and review of key market influences.


• Future prospects and forecasts of market performance to 2018 and key influencing factors.


WIRING ACCESSORIES ANALYSIS - Plugs, Sockets, Switches, Lighting Accessories

• Market size and forecasts 2008-2018 including key underlying market drivers, influences and future 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 products group - in plugs, sockets, switches, lighting accessories, others.


LV CIRCUIT PROTECTION EQUIPMENT ANALYSIS - LV Circuit Protection Devices, Isolating Switches, Distribution Boards and Switchgear.

• Market Size and forecasts 2008-2018 with key market drivers, influences and future 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 - LV Power Cables, Busbars, Cable Accessories, Cable Management

• Market Size and forecasts 2008-2018 with key market drivers, influences and future prospects.


• Product mix by value - LV Power cables, busbars, cable accessories, cable management.


• Key trends and underlying drivers by product groups indicated above.


SUPPLY CHAIN AND DISTRIBUTION ANALYSIS

• Key suppliers for wiring accessories - market shares, key suppliers in product groups.


• Key suppliers for circuit protection equipment - market shares, key suppliers in product groups.


• Key suppliers for low voltage cable systems - key suppliers in product groups.


• Companies in the overall electrical accessories industry. Turnover, characteristics, ownership, major strengths and weaknesses, market consolidation, mergers and acquisitions.


• Structure of the distribution market for electrical installation products.


• Channel share for each of the key product sectors.


• Analysis of procurement practices for electrical contractors.

The electrical accessories market is estimated to be valued at just under £1.5bn in 2014, a growth of 16% since the market bottomed out in 2009 and just 7% below its peak in 2007. 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.

Although the difficult economic situation impacted negatively on market value between 2008 and 2010, a substantial rise in raw material costs inflating prices and offsetting low demand, coupled with modest improvements in the economy and growth in the construction market in 2011 resulted in 10% market growth. The market returned to decline in 2012 as low public sector spending and concerns over the Eurozone impacted on the economy. However, signs that the economy was improving started to appear in 2013, housebuilding picked up and in addition, the electrical accessories market continued to be supported by major public sector projects, committed to prior to cuts.

The market is dominated by low voltage cable systems with value share of over 50%, followed by circuit protection with around a quarter of the market and wiring accessories, which accounted for the remainder.

As the electrical accessories market is mature, the product mix has remained fairly stable. Raw material prices play an important role in determining 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. However, where companies bulk buy in advance, this can smooth or delay trends. Legislation on energy efficiency and carbon emissions as well as volatile fuel prices has seen interest in, and use of, integrated systems spreading into the wider domestic and light commercial markets to provide greater control for heating, lighting and all electrical systems.

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 relatively slow and steady. However, market value is expected to surpass its 2007 peak level by 2016.

Pressure on pricing is likely to remain a key aspect of the market for some time. However, the weakness of Sterling has driven up the price of imported products and this may lead to higher demand for products manufactured in the UK. That said 2014 has seen stronger conditions for Sterling, leading to reduced competitive strength for British exporters.

The current focus on solutions and systems within the electrical products market will continue to lead to demand for integrated systems in both the domestic and commercial sectors in the medium term, as well as an increased use of pre-fabricated wiring assemblies and wireless switches. The demand for environmentally friendly products continues to be a major issue and this is a factor which is likely to be more influential in future years, as homeowners and business operators alike, use whatever means they can to improve the environmental credentials of their properties. This will lead to increased use of individual and central controls for lighting and other electrical products, perhaps creating demand in the electrical accessories sector. Even in the domestic sector, where take up of new technology is traditionally slower, controls will become even more mainstream, particularly with development of easy to install RMI products.

Product development will continue to focus on environmental efficiency, wireless systems, integrated controls, reduced space and impact, quick installation such as prefabricated units and low installation application such as plug and play connections to reduce time on site and cut ‘down time’ during RMI situations. The skills shortage within the market place will also remain for some time and lead to greater use of products that are quicker and easier to install, requiring less skilled labour.

Renewable energy will become more relevant as technology develops, government initiatives continue and as consumers push the take advantage of the savings offered, particularly as fuel prices remain high, creating an opportunity for growth of associated electrical accessories.

Current forecasts indicate annual growth rates of 5-6% from 2015 as the economy improves and house building activity increases. It is expected that the market value will be around £1.8bn in 2018. However, this will depend on the speed of economic recovery and any fluctuations in raw material prices.

Table Of Contents

Electrical Accessories Market Report - UK 2014-2018 Analysis
1. INTRODUCTION 7
1.1 BACKGROUND 7
1.2 SOURCES OF INFORMATION 7
2. SUMMARY AND FUTURE PROSPECTS 9
2.1 SUMMARY 9
2.2 FUTURE PROSPECTS 10
3. ECONOMIC ENVIRONMENT 12
3.1 GDP 12
3.2 INFLATION and INTEREST RATES 13
3.3 UNEMPLOYMENT 14
3.4 HOUSEHOLD CONSUMPTION 15
3.5 HOUSING and CONSTRUCTION 15
3.6 STERLING 17
3.7 POPULATION PROFILE 17
3.8 CONCLUSIONS 18
4. ELECTRICAL ACCESSORIES MARKET 19
4.1 MARKET DEFINITION 19
4.2 MARKET SIZE and TRENDS 19
4.3 KEY MARKET INFLUENCES 22
4.3.1 Construction Market 22
4.3.2 The Housing Market 23
4.3.3 International Trade 25
4.3.4 Pricing 26
4.3.5 Legislation 27
4.3.6 Growth Areas in the Overall Electrical Industry 28
5. ELECTRICAL ACCESSORY PRODUCT MARKETS 35
5.1 ELECTRICAL ACCESSORIES PRODUCT MIX 35
5.2 WIRING ACCESSORIES 35
5.2.1 Market Definition, Size and Trends - Wiring Accessories 35
5.2.2 International Trade - Wiring Accessories 37
5.2.3 Product Mix - Sockets, Switches, Lighting Accessories, Industrial Plugs and Sockets etc 39
5.2.4 End-User Mix - Domestic and Non Domestic, RMI and New Build 40
5.3 LV CIRCUIT PROTECTION EQUIPMENT 42
5.3.1 Market Definition, Size and Trends - LV Circuit Protection Equipment 42
5.3.2 International Trade - LV Circuit Protection 43
5.3.3 Product Mix - LV Circuit Protection Devices, Isolating Switches, Distribution Boards and Switchgear 44
5.4 LV CABLE SYSTEMS 47
5.4.1 Market Definition, Size and Trends - LV Cable Systems 47
5.4.2 International Trade - Cable Systems 48
5.4.3 Product Mix - LV Cables, Busbars, Trunking, Enclosures, Trays, Accessories 50
6. SUPPLIERS 53
6.1 INDUSTRY STRUCTURE 53
6.2 LEADING SUPPLIERS 53
6.2.1 Key Companies 53
6.2.2 Other Suppliers 57
6.3 MARKET SHARE 61
6.3.1 Wiring Accessories 61
6.3.2 LV Circuit Protection 62
6.3.3 LV Cable Systems 63
7. DISTRIBUTION and PROCUREMENT 65
7.1 DISTRIBUTION STRUCTURE OF THE ELECTRICAL ACCESSORIES MARKET 65
7.2 DISTRIBUTION CHANNELS 69
7.2.1 Electrical Wholesalers 69
7.2.2 Pre-Packers 72
7.2.3 Electronic Component Distributors 72
7.2.4 Builders' Merchants 73
7.2.5 Trade Catalogue/Internet Only 73
7.3 SPECIFICATION and PROCUREMENT 73

CHART 1: UK MARKET FOR ELECTRICAL ACCESSORIES 2008-2018 - BY VALUE (£M MSP) 9
TABLE 2: GDP DATA - 2011-2014 - KEY CONSTITUENT ELEMENTS 12
CHART 3: INTEREST RATES AND INFLATION (CPI) FROM 1994-2018 14
CHART 4: PDI and SAVINGS RATIO AT CURRENT PRICES 1995-2018 15
TABLE 5: EXCHANGE RATE FLUCTUATIONS 2008-2014 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 17
TABLE 6: THE UK MARKET FOR ELECTRICAL ACCESSORIES 2008 - 2018 BY VALUE (£M MSP) 20
CHART 7: CONSTRUCTION OUTPUT (GREAT BRITAIN) ALL NEW WORK and RMI - CURRENT PRICES (£ BILLION) 2008 -2018 22
CHART 8: HOUSING COMPLETIONS 2008 TO 2018 - UNITED KINGDOM (‘000) 24
CHART 9: UK INTERNATIONAL TRADE IN ELECTRICAL ACCESSORIES 2008-2013 - VALUE (£M) 25
TABLE 10: CHARGE POINTS INSTALLED AS PART OF PLUGGED-IN-PLACES TO THE END OF MARCH 2012 28
TABLE 11: SMART METER INSTALLATIONS Q1 2014 31
CHART 12: UK LIGHTING CONTROL MARKET - END-USER MIX BY VALUE 2013 34
CHART 13: ELECTRICAL ACCESSORIES MARKET PRODUCT MIX 2014 - WIRING ACCESSORIES, CIRCUIT PROTECTION, CABLES % BY VALUE 35
TABLE 14: UK WIRING ACCESSORIES MARKET (£M AT MSP) 2008 TO 2018 36
CHART 15: UK INTERNATIONAL TRADE IN WIRING ACCESSORIES 2008-2013 - VALUE (£M) 37
CHART 16: WIRING ACCESSORIES INTERNATIONAL % MIX TRADE BY CONTINENT 2008 and 2013 38
CHART 17: WIRING ACCESSORIES PRODUCT MIX 2014 - SOCKETS, SWITCHES, LIGHTING ACCESSORIES, INDUSTRIAL, ETC - % BY VALUE 39
CHART 18: UK WIRING ACCESSORIES MARKET MIX BY END-USE SECTOR 2014 - NON DOMESTIC, DOMESTIC RMI, DOMESTIC NEW BUILD % BY VALUE 41
TABLE 19: UK MARKET FOR LOW VOLTAGE CIRCUIT PROTECTION and SWITCHGEAR 2008-2018 - BY VALUE (£M MSP) 42
CHART 20: UK INTERNATIONAL TRADE IN CIRCUIT PROTECTION 2008-2013 - VALUE (£M) 43
CHART 21: CIRCUIT PROTECTION INTERNATIONAL TRADE BY CONTINENT % MIX 2008 and 2013 44
CHART 22: PRODUCT MIX UK MARKET FOR LV CIRCUIT PROTECTION DEVICES, ISOLATING SWITCHES, DISTRIBUTION BOARDS and SWITCHGEAR 2014 - % BY VALUE 45
TABLE 23: THE UK MARKET FOR LV CABLE SYSTEMS 2008 TO 2018 47
CHART 24: UK INTERNATIONAL TRADE IN CABLE SYSTEMS 2008-2013 - VALUE (£M) 49
CHART 25: CABLE SYSTEMS INTERNATIONAL TRADE BY CONTINENT 2008 and 2013 50
CHART 26: UK MARKET FOR LOW VOLTAGE CABLE SYSTEMS PRODUCT MIX 2014 - LV CABLES, BUSBARS, TRUNKING, ENCLOSURES, TRAYS, ACCESSORIES - % BY VALUE 51
TABLE 27: UK WIRING ACCESSORIES MARKET - SUPPLIERS MARKET SHARE 2014 % BY VALUE 62
CHART 28: UK MARKET FOR LOW VOLTAGE CIRCUIT PROTECTION EQUIPMENT 2014 - % SHARE BY VALUE 63
CHART 29: MAIN DISTRIBUTION ROUTES FOR ELECTRICAL ACCESSORIES 66
CHART 30: ELECTRICAL WHOLESALE % MIX: NATIONALS VERSUS LOCALS and REGIONALS - BY VALUE 2008-2014 69
CHART 31: ELECTRICAL WHOLESALE MARKET SHARES 2014 BY VALUE % (REXEL, EDMUNDSON, CEF ETC.) 70
CHART 32: ELECTRICAL CONTRACTORS' REASONS FOR BRAND SPECIFICATION 2014 74

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