Industry Analysis & Industry Trends
The industry has operated in turbulent conditions over the past five years, and revenue has been somewhat volatile. Demand for electrical apparatus is highly sensitive to levels of construction activity, industrial production volumes and infrastructure spending by electricity providers. Strong import competition, dwindling exports and weak industrial production activity hindered demand for products manufactured by industry operators. Nevertheless, expansions in electricity infrastructure and building construction activity have contributed positively to revenue, which is expected to increase at a compound annual rate of 0.3% over the five years through 2016-17.
During the current year, industry revenue is forecast to grow by 0.6% to £2.8 billion... purchase to read more
Industry Report - Industry Products Chapter
Control boards, panels, consoles, desks and cabinets
In general, panel boards safely distribute power to transformers. A control panel is a flat insulated surface that contains switches, and dials and meters for controlling other electrical devices. Control panels are used to monitor and control machines or production lines in factories, power stations and other places. Programmable memory controllers are also included in this segment. This segment's share of revenue is expected to have remained relatively stable over the past five years, as it broadly followed the trend of the overall industry.
Electrical apparatus parts
This is the second-largest product segment and is expected to account for 14.2% of industry revenue in 2016-17. Par.. purchase to read more