Electrical Products Market Research Reports, Analysis & Trends
Current Trends in Electrical Products Market
The electrical products and equipment manufacturing industry has a relatively low-level of capital investment. For every $1.00 spent on wages, it is estimated that industry manufacturers will spend $0.09 on capital investment. Firms spend the majority of their capital investment on new machinery and other equipment. The electrical wholesale market is estimated to be worth around £3 billion in 2012. This market has seen its market value grow during 2011-2012 following a period of poor performance in the domestic and commercial construction sectors, with conditions expected to remain stable throughout 2013. However, the market is expected to return to growth from 2015, driven by improved construction, wider use of electrical and electronic products, a growing requirement for more sophisticated technology and trends towards the use of energy efficient products and renewable products.