Mechanical and Electrical Contractors Market Report - UK 2015-2019 Analysis

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Feb 16, 2016, 01:44 ET

LONDON, Feb. 16, 2016 /PRNewswire/ -- AMA Research have published the 3rd edition of the report 'Mechanical and Electrical Contractors Market Report – UK 2015-2019 Analysis'. This report incorporates original input and primary research, and represents an up-to-date and perceptive review of the market and its development. The report focuses on market size and trends, leading companies, key end-user sectors and regional differences. It is comprehensive, informative and will facilitate operational and strategic decision making processes.

Key areas covered:

• Market activity levels - with forecasts to 2019.

• Key influences - including analysis of construction market performance with regional analysis, review of government spending and PFI/PPP.

• Market structure and analysis of the leading M&E contractors.

• Product development and key growth areas.

• Key end use sectors - including education, offices, infrastructure, entertainment & leisure, healthcare, retail and industrial.

Key areas of insight include:

• The impact of energy efficiency and renewable energy incentives and product development as a result of this.

• Review of leading contractors and market shares.

• Key trends in the sector, with a focus on key end use markets.

• The impact of legislation and standards on the market.

Some of the companies included:

Arthur McKay, Balfour Beatty Engineering Services, Bancroft, Boulting Group, Bouygues Energies and Services, Briggs and Forrester, Carillion, Cofeley GDF Suez, Crown House Technologies, Dodd Group, EIC, Emcor Group (UK), Enterprise Group, FES, Gratte Brothers, GSH Group, Halsall Electrical, Haydon Mechanical & Electrical, Imtech Technical Services (ITS), Integral UK, Interserve, ISS Facilities Services, Lorne Stewart, Michael Lonsdale Group, MITIE, MJ Quinn, NG Bailey, Norland Managed Services, P. H. Jones, Phoenix Electrical, Shepherd Engineering Services (SES), Skanska Rashleigh, Weatherfoil, Space Engineering Services, SPIE Matthew Hall, SSE Contracting, T Clarke, UK Power Network Services (Commercial), VINCI Facilities, VolkerWessels, Wates.

Key areas covered in the report include:

MECHANICAL AND ELECTRICAL CONTRACTORS MARKET

• Market size in value terms from 2009 with forecasts through to 2019.

• Market trends, background, changes, opportunities.

• Review of key market influences – economic factors, construction and housebuilding, renewable energy products, Government spending etc.

• Review of the impact of legislation and standards.

• Future prospects for the market with implications for suppliers and distributors.

• Market Mix – by value 2014 in terms of new build, major refurbishment and RMI and by service type.

KEY END USE SECTORS

• Construction output by value, with historical trends and forecasts.

• Construction output analysis by end use sector.

• Value of M&E market in each main sector and market mix by end-use sector.

• Key market drivers, influences and future prospects.

• Important issues for M&E contractors in each main end user market.

CONTRACTOR REVIEW

• Structure of the M&E Contracting market – number of businesses, size of businesses, types of business, geographical coverage including regional analysis.

• Leading M&E contracting companies – market shares, M&E turnover and origins.

• M&E Contractor company profiles – turnover and profit data, characteristics, ownership, major strengths and weaknesses, key sectors and capabilities.

• Key trends – Pre-fabrication, consolidation, integration and diversification.

• Profitability Analysis – profit margin and historical trends.

• Mergers & acquisitions within the M&E contracting Industry.

KEY MARKET TRENDS AND INFLUENCES

• Review of the performance of the construction industry – including regional analysis of output.

• Information about the legislation and standards affecting the market.

• Analysis of government spending.

• Outline of carbon reduction and green energy requirements.

• Information about product development and growth markets.

The market for mechanical and electrical (M&E) contracting was estimated to be valued at around £16bn in 2014, following strong growth of around 7% during the year. The market is forecast to continue to increase, albeit at a more modest rate, until the end of the forecast period. However, the market remains some 13% below its 2008 peak. While demand was sustained to some extent by work in the transport and leisure sectors in connection to the Olympics and ongoing work in the health and education sectors throughout 2010 and 2011, public sector cuts and poor construction in retail coupled with declining business confidence, led to construction levels and demand for M&E services falling, resulting in a market decline in 2012.

A return to growth in 2013 driven by improvements in office and leisure sectors in particular and private construction output in general. This growth continued into 2014, with industrial and education output also supporting improvement. A key area of growth has been installations aimed at improving energy efficiency and reducing carbon emissions, driven by increasingly stringent legislation and regulations, but also given impetus by the long-term cost savings that can be made by installing such systems, driven by underlying, increasing fuel costs.

As market conditions improve, M&E contractors are starting to experience the benefits of restructuring and streamlining exercises through improved margins. Consolidation activity amongst suppliers continues to be high within the market and this has led to a number of major players increasing in size. The growth in strategic acquisitions is also in response to the growing focus on integrated services within the sector with contractors widening the range of services offered.

The market for M&E contracting in the UK is heavily dependent on the performance of the construction industry. Non-domestic construction output is set to increase during 2015 and remain positive through to 2019. The fact that businesses within both the public and private sectors urgently need to find cost savings has led to demand for more energy efficient heating, lighting and ventilation systems, both the simple extract types and the mechanical extract and heat recovery types. In addition, this type of work will also be stimulated by legislation and guidelines around carbon reduction and renewable energy sources and as a result energy management will become an even more important area of focus for M&E contractors.
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