Power cut: Challenging conditions have resulted in industry revenue falling

Operators have had to contend with challenging conditions over the past five years. Electricity production volumes remained below pre-crisis levels and older electricity infrastructure was replaced with new sources of electricity production. These factors dampened demand from electricity producers and distributors and contributed to the fall in revenue. Meanwhile, industrial production activity growth remained weak and hindered demand. However, improvements in construction activity and the overall rise in business capital spending limited the fall in revenue, as service intervals of some downstream firms shortened, and some businesses had more equipment to repair and maintain. Overall, industry revenue is expected to decrease at a compound annual rate of 0.7%...read more.

Industry Statistics & Market Size
Revenue
£584.2m
Annual Growth 14-19
-0.7%
Forecast Growth 19-24
Profit
Employment
6,025
Businesses
1,052
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Poor demand conditions have caused profit margins to fall over the past five years
  • Improving construction activity has helped to limit revenue falls over the past five-year period
  • Improving residential construction activity is expected to support demand for the industry
  • Industry Report - Industry SWOT Analysis Chapter

    The Electrical Equipment Repair and Maintenance industry is expected to be in the mature stage of its life cycle. The industry's contribution to the wider economy, also known as its value added, is expected to grow at a compound annual rate of 0.3% over the 10 years through 2023-24, while the overall UK economy is expected to grow at a compound annual rate of 1.7% over the same period. Although this indicates that the industry will account for a declining share of the UK economy, the industry is not in the decline stage. Instead, it is mainly due to the fall in demand for repair and maintenance services from electricity firms due to depressed electricity production volumes and the replacement of ageing infrastructure. ...purchase to read more.

    Additional Insights for the Electrical Equipment Repair & Maintenance Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electrical Equipment Repair & Maintenance Industry are

  • Highly trained workforce
  • Maintenance of excellent customer relations
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Demand from electricity production and Industrial production index in the Electrical Equipment Repair & Maintenance industry impact industry performance..

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    What's in this report

    What is the Electrical Equipment Repair & Maintenance Industry?

    This industry covers the repair and maintenance of electrical equipment such as transformers, motors, generators, switchboard apparatus, electric lighting equipment and current-carrying wiring devices. It excludes repairs and maintenance done to consumer electronics, computers and telecommunications equipment.

    Industry Products
  • Electric motor, generator and transformer repair
  • Electricity distribution and control apparatus repair
  • Industry Activities
  • Power, distribution and speciality transformer repair and maintenance
  • Electric motor, generator and motor generator set repair and maintenance
  • Switchgear and switchboard apparatus repair and maintenance
  • Relay and industrial control repair and maintenance
  • Primary and storage battery repair and maintenance
  • Electric lighting equipment repair and maintenance
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from electricity production
  • Industrial production index
  • Total value of construction
  • Business capital expenditure

  • Current Performance
  • Dwindling demand
  • Construction mitigates fall
  • Margins weaken
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand expands
  • Potential turbulence
  • Table: Electrical Equipment Repair & Maintenance Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electrical Equipment Repair & Maintenance Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Electricity Production
  • Electricity Transmission

  • Key Selling Industries
  • Other Machinery and Equipment Wholesaling

  • Products & Services
  • Electric motor, generator and transformer repair
  • Electricity distribution and control apparatus repair
  • Other
  • Chart: Electrical Equipment Repair & Maintenance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Power and electricity firms
  • Engineering and industrial firms
  • Construction industries
  • Other
  • Chart: Major Market Segmentation for the Electrical Equipment Repair & Maintenance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Electrical Equipment Repair & Maintenance

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electrical Equipment Repair & Maintenance Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electrical Equipment Repair & Maintenance Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electrical Equipment Repair & Maintenance Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Control Relay
  • A device that directs electricity between sources.
  • Electrical Generators
  • Equipment that converts mechanical motion into electrical energy.
  • Switchgear
  • Devices that open and close electric circuits.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electrical Equipment Repair & Maintenance market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electrical Equipment Repair & Maintenance:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electrical Equipment Repair & Maintenance market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electrical Equipment Repair & Maintenance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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