Electrical Contracting Market Report 2006
[author:Bharat Book Bureau Public time:Apr 14, 2007] |
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Electrical Contracting Market Report 2006
This Key Note market report analyses the market for electrical contracting, a vital aspect of the construction industry. In 2005, the value of the market was £11.34bn, a growth of 4.5% over the previous year.
Electrical contracting covers the installation of fixed electrical wiring and fittings for electrical power, lighting, alarms, security systems and communications equipment. The electrical contracting market is directly linked to the construction industry and for this reason the report discusses the electrical contracting market in the context of major construction market sectors — housing, infrastructure, industrial and commercial work. As far as electrical contracting is concerned there are major opportunities in these sectors, but they have different characteristics. The housing sector has a high volume of relatively simple work, the commercial and industrial sectors have a mixture of higher-power rating and domestic-type work, while the infrastructure sector includes very complex electrical systems, much of which requires specialist knowledge.
Structurally, the electrical contracting market mainly comprises small companies that carry out minor local jobs. The sector also has a relatively small number of large companies, some of which engage in other work such as construction and facilities management, while others specialise in electrical contracting. A major aspect of the electrical contracting sector (along with the rest of the construction industry) is the trend towards large, long-term contracts set up to cover the lifetime of a construction project. Electrical contractors often work within partnership agreements or consortia to take part in these major projects. Private Finance Initiatives (PFIs) form an important part of the work involving electrical contracting.
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Printed From:http://www.free-press-release.com/news/200704/1176541314.html
Source:Free Press Release
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