Electrical Equipment Repair & Maintenance in the UK - Industry Market Research Report

Sparking up: Rising electricity generation will support revenue growth in 2023-24

Revenue is forecast to grow at a compound annual rate of 5.9% over the five years through 2023-24 to £958.8 million. Resilient construction activity has supported expanding revenue prospects as government-backed policies and frameworks, particularly in the residential and infrastructure sub-sectors. However, weakening demand from industrial industries has constrained revenue growth. Weakening electricity production levels have caused asset utilisation rates to dip in electricity generation markets, lessening the need for equipment to be repaired and maintained. 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 the repair and maintenance of consumer electronics, computers and telecommunications equipment. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.