Charging up: Revenue is forecast to improve as construction and production activities increase

Industry operators repair and maintain various types of electrical equipment, including electric motors, generators, transformers, and electricity distribution and control apparatus. The industry is fragmented, with over 90% of players employing fewer than 10 people. Industry revenue is expected to increase at a compound annual rate of 1.4% over the five years through 2019-20 to £636.7 million. Electricity production volumes remained below pre-crisis levels and older electricity infrastructure was replaced with new sources of electricity production. These factors hampered demand from electricity producers and distributors and constrained revenue growth. Industrial production activity growth also remained weak and hindered demand...read more.

Industry Statistics & Market Size
Revenue
£636.7m
Annual Growth 15-20
1.4%
Forecast Growth 20-25
Profit
Employment
6,299
Businesses
1,069
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue growth is forecast to slow this yearas demand for industry services dwindles
  • Construction activity is aided by various initiatives, but the EU referendum hindered investment
  • Industrial production will be boosted by the weak pound and efforts to rebalance the economy
  • Industry Report - Starting a New Business Chapter

    The barriers to entering the industry are moderate. The repairs conducted by this industry require highly specialised knowledge, so new operators need specialised skills and knowledge to succeed. The capital requirements to enter this industry are low and it would be possible for an individual with basic tools to enter the industry with low start-up costs.Once a new business enters the industry, the barriers to success become much higher. Despite the low start-up costs involved, obtaining maintenance contracts could be difficult, since clients generally prefer to have a long-term relationship with their service suppliers. As a result, an existing reputation from earlier work, for example as an employee of a manufacturer, would be helpful. Mor...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
  • Demand conditions
  • Construction

    fuels growth

  • Profitability under pressure
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand improves
  • Potential problems
  • 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
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • 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 (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • 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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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