Electrical Wholesale Market Report - UK 2021-2025

TABLE OF CONTENTS

1. INTRODUCTION 9

• 1.1 BACKGROUND 9
• 1.2 SOURCES OF INFORMATION 9

2. EXECUTIVE SUMMARY & MARKET PROSPECTS 11

• 2.1 SUMMARY 11
• 2.2 MARKET PROSPECTS 12

3. THE MARKET 14

• 3.1 MARKET DEFINITION & STRUCTURE 14
  • 3.1.1 Growth in Online Trading 17
  • 3.1.2 Impact of Covid-19 19
• 3.2 MARKET SIZE & TRENDS 20
  • 3.2.1 Current Market 20
  • 3.2.2 Market Prospects 21
• 3.3 KEY MARKET INFLUENCES 23
  • 3.3.1 Construction Output 23
  • 3.3.2 Product Development 26
  • 3.3.3 Demand for Electricity 28
  • 3.3.4 Imports and Pricing 29
  • 3.3.5 Legislation and Standards 30

4. ELECTRICAL WHOLESALERS 33

• 4.1 CHARACTERISTICS & TRENDS 33
• 4.2 MARKET SHARES 36
• 4.3 ELECTRICAL WHOLESALE COMPANIES 37
• 4.4 STRENGTHS, WEAKNESSES, OPPORTUNITIES & THREATS 50

5. PRODUCTS 52

• 5.1 PRODUCT MIX 52
• 5.2 PRODUCT SECTORS 53
  • 5.2.1 Electrical Accessories 53
  • 5.2.2 Lighting 56
  • 5.2.3 Security and Fire Protection Systems 59
  • 5.2.4 Built-In-Appliances 61
  • 5.2.5 Electric Heating Products 62
  • 5.2.6 Other Products 64

6. CUSTOMERS & END USE SECTORS 69

• 6.1 OVERVIEW OF ELECTRICAL WHOLESALERS' CUSTOMERS 69
• 6.2 ELECTRICAL CONTRACTORS 69
• 6.3 FACILITIES MANAGEMENT COMPANIES 73
• 6.4 PANEL BUILDERS/OEMS 75
• 6.5 IN-HOUSE ELECTRICAL ENGINEERS 76
• 6.6 OTHER SECTORS 76

APPENDICES 78

APPENDIX A: ECONOMIC ENVIRONMENT 78

A.1 OVERVIEW AND OUTLOOK 78

A.2 GDP 78

A.3 INFLATION & INTEREST RATES 80

A.4 EMPLOYMENT & WAGES 81

A.5 HOUSEHOLD CONSUMPTION 81

A.6 STERLING 82

TABLES AND CHARTS

• CHART 1: UK ELECTRICAL WHOLESALERS MARKET BY VALUE 2016-2025 (£M WSP) 11
• CHART 2: DISTRIBUTION STRUCTURE FOR ELECTRICAL PRODUCTS 14
• CHART 3: THE ELECTRICAL WHOLESALERS MARKET BY VALUE 2016-2025 (£M WSP) 20
• CHART 4: CONSTRUCTION OUTPUT (GREAT BRITAIN) NEW WORK & RMI -CURRENT PRICES (£BN) 2015-2024 23
• TABLE 5: HOUSE BUILDING STARTS AND COMPLETIONS (GREAT BRITAIN) 2015 TO 2024 - BY VOLUME ('000 DWELLINGS) 24
• CHART 6: NON-RESIDENTIAL CONSTRUCTION OUTPUT NEW WORK ANALYSIS BY SECTOR 2020 AND 2024 - % BY VALUE GB 25
• TABLE 7: CONSUMPTION OF ELECTRICITY IN THE UK 2014-2019 (TWH) 28
• CHART 8: DEMAND FOR ELECTRICITY BY END USER 2019 28
• TABLE 9: IMPORTS OF SELECTED ELECTRICAL PRODUCTS FOR CONSTRUCTION USE 2017-2020 BY VALUE (£M) 30
• CHART 10: ELECTRICAL WHOLESALE % MIX: NATIONALS VERSUS LOCALS & REGIONALS - BY VALUE 2016-2020 33
• TABLE 11: OVERVIEW LEADING COMPANIES BRANCHES 2019 AND 2021 34
• CHART 12: ELECTRICAL WHOLESALERS' % PBT ON TURNOVER 2014-2020 35
• CHART 13: ELECTRICAL WHOLESALE MARKET SHARES 2020 BY VALUE % 36
• TABLE 14: EDMUNDSON ELECTRICAL LTD 37
• TABLE 15: REXEL UK LTD 38
• TABLE 16: CITY ELECTRICAL FACTORS LTD (CEF) 39
• TABLE 17: SCREWFIX DIRECT LIMITED 39
• TABLE 18: YESSS ELECTRICAL LTD (YOUR ELECTRICAL SUPPLIES, SERVICE AND SOLUTIONS) 40
• TABLE 19: MACLEAN ELECTRICAL GROUP 40
• TABLE 20: STEARN ELECTRIC CO LTD 41
• TABLE 21: ROUTECO LTD 41
• TABLE 22: MEDLOCK ELECTRICAL DISTRIBUTORS LTD 42
• TABLE 23: EYRE & ELLISTON LTD 42
• TABLE 24: R&M ELECTRICAL GROUP LTD 43
• TABLE 25: TLC ELECTRICAL SUPPLIES 43
• TABLE 26: PARMLEY GRAHAM LTD 44
• TABLE 27: BEW ELECTRICAL DISTRIBUTORS LTD 44
• TABLE 28: KEW (ELECTRICAL DISTRIBUTORS) LTD 45
• TABLE 29: ERF ELECTRICAL WHOLESALERS LTD 45
• TABLE 30: HOLLAND HOUSE ELECTRICAL CO LTD 46
• TABLE 31: MOSS ELECTRICAL CO LTD 46
• TABLE 32: EXPRESS ELECTRICAL DISTRIBUTORS LTD 47
• TABLE 33: LINCS ELECTRICAL WHOLESALERS LTD 47
• TABLE 34: R&B STAR ELECTRICAL WHOLESALERS LTD 48
• TABLE 35: WILSON ELECTRICAL DISTRIBUTORS LIMITED 48
• TABLE 36: SWOT ANALYSIS OF THE ELECTRICAL WHOLESALERS' MARKET 50
• TABLE 37: MIX OF CORE PRODUCT SALES THROUGH ELECTRICAL WHOLESALERS 2020 (£M WSP) 52
• TABLE 38: ELECTRICAL WHOLESALERS' SHARE BY CORE PRODUCT MARKETS 2020 (£M WSP) 53
• CHART 39: ELECTRICAL ACCESSORIES PRODUCT MIX 2020 -% BY VALUE 54
• CHART 40: UK LIGHTING MARKET PRODUCT MIX 2020 - % BY VALUE 58
• CHART 41: PRODUCT MIX OF SECURITY & FIRE ALARM SYSTEMS (%) BY VALUE 2020 59
• CHART 42: PRODUCT MIX OF BUILT-IN APPLIANCES (%) BY VALUE 2020 62
• CHART 43: ELECTRIC HEATING PRODUCT MIX 2020 - % BY VALUE (SPACE HEATING, CONTROLS, CENTRAL, WATER) 63
• CHART 44: SALES BY CUSTOMER TYPE BY VALUE 2020 (%) 69
• TABLE 45: ELECTRICAL CONTRACTORS REGISTERED FOR VAT BY TURNOVER BAND 2018 & 2020 70
• TABLE 46: LEADING ELECTRICAL CONTRACTORS IN THE UK - BY ESTIMATED TURNOVER FROM ELECTRICAL WORK 2019 72
• TABLE 47: TOP 10 FM SUPPORT SERVICES COMPANIES IN THE UK 74
• CHART 48: NUMBER OF UK MANUFACTURERS OF ELECTRICITY DISTRIBUTION & CONTROL APPARATUS BY TURNOVER (£'000) 2020 75

CHART A1: GVA CHAINED VOLUME MEASURES KEY CONSTITUENT ELEMENTS - 2015-2020 79

CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE - 2008 TO 2023 80

CHART A3: AVERAGE WEEKLY EARNINGS DATA (GB) TOTAL PAY - 2014-2019 (SEASONALLY ADJUSTED) 81

CHART A4: DISPOSABLE INCOME PER CAPITA AND THE SAVINGS RATIO AT CURRENT PRICES - 2008-2023 82

CHART A5: EXCHANGE RATE FLUCTUATIONS - STERLING TO DOLLAR AND THE EURO SPOT RATES - 2015-2019 83