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| KN93018 |
| KEY NOTE ELECTRICAL CONTRACTING APRIL 1998 |
| Overview |
ISBN 1-87565-807-8

The total value of electrical contracting services
is estimated to have grown to £5.2bn in 1997 compared with £3.7bn
in 1993, giving a total increase of around 40 percent over the 5-year period. Most of
the work of the electrical contracting industry is derived from supplying the
various sectors of the construction industry, namely housing, commercial,
industrial and non-commercial building, infrastructure, repair and maintenance,
which has steadily recovered from the deep recession of the early 1990s.
Electrical contracting generally includes all the design, installation and
repair of electrical engineering equipment which supplies power, lighting,
control and communication systems to domestic, commercial, industrial, medical,
educational and other establishments. It is the second biggest specialist trade
among all the firms involved in supplying the construction industry, with a
range of essential services. Employment varies from the one man self-employed
electrician to firms employing hundreds. The operating practices of the
industry are governed by strict installation and testing regulations to ensure
total safety according to officially-approved Institute of Electrical
Engineering (IEE) standards which are assessed and upgraded for new
techniques.
Prospects for the industry are closely tied to the
fortunes of the construction industry, whether for new work or repair and
maintenance. The general revival in the economy over several years has
generated greater investment in housing, commercial and industrial buildings,
public buildings and in the infrastructure. Although construction is a cyclical
industry, and it would now possibly be due for a downturn in business, the
revival has been sustained for a longer period by some major infrastructure
developments in transport, a housing boom in the South East, new building in
some city centres, and building work connected with the Millennium festivities.
A greater contribution can be expected from private investment in public
services, especially railways and the water utilities which need to spend more
heavily on their assets to improve their operational standards. Despite this
additional investment, it is anticipated by Key Note that as demand for
electrical contracting services will continue to closely parallel the
construction industry, around the year 2000, the pace of new developments will
slacken considerably. This will reduce the rate of growth over the 5-year
period between 1998 to 2002 to around 4 percent per annum, or a total of 21 percent, with the
highest growth in demand concentrated in the earlier years.
Text © 1998 Key Note
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Last updated by Duncan Nottage 5th March 1999