Industry Analysis & Industry Trends
The Electricians industry ranks as the largest of the UK building and construction trades and alone accounts for about one-quarter of the gross value added, revenue and employment in the Specialised Construction Activities group.
Industry activities span across all building, infrastructure and industrial markets. Services provided include the installation of new electrical, communications and industrial equipment; the installation of wiring and cabling; and the repair and maintenance of existing electrical equipment and fixtures. International trade is negligible due to the tight regulatory regime governing qualifications and licensing for electrical installation services, and therefore the size of the domestic market equates with industry revenue... purchase to read more
Industry Report - Industry Investment Chapter
The industry has a low level of capital intensity of production with the principal contribution to value added coming from the provision of skilled labour and technical knowledge on the installation and maintenance of electrical cabling, fixtures and fittings.
The ratio of labour costs to capital depreciation charges for an industry is indicative of its relative capital/labour intensity of construction, as this shows the share of industry revenue absorbed by labour inputs relative to capital inputs... purchase to read more