2021
9
UK Mechanical and Electrical Engineering Market Report 2021
2021-10-28T04:04:37+01:00
OX1050029
1495
143930
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Report
en_GB
“The combination of technological advances, Brexit, COVID-19 and the emerging policies surrounding net zero are all having a profound impact on the M&E sector. Accompanying these huge influences is a…

UK Mechanical and Electrical Engineering Market Report 2021

£ 1,495 (Excl.Tax)

Description

Providing the most comprehensive and up-to-date information and analysis of the UK Mechanical and Electrical Engineering market, including the behaviours, preferences and habits of the consumer.

Prior to the pandemic, the mechanical and electrical engineering market came under pressure from the investment delays associated with Brexit. The impact of COVID-19 was rapid and strong, but the recovery of much of the M&E market has been equally swift, and demand has been further buoyed by infrastructure investments.

While the M&E sector has seen years of slow growth, the disruption caused by COVID-19 has been widespread. Many sectors have shown a rapid recovery in 2021, but there are end-use sectors where the impact could materially change demand for M&E services.

The recent acquisition of SSE Contracting by the private equity group Aurelius Equity Opportunities is, in part, a reflection of anticipated market growth resulting from a new emphasis on infrastructure as the government looks to stimulate wider economic activity in the wake of Brexit and COVID-19. However, a specific statement by Aurelius at the time of the acquisition identified the potential consolidation of the industry, which formed part of the rationale for acquiring what is seen to be the fourth largest operator in the M&E sector.

Specific opportunities in the M&E sector are emerging as the government looks to implement strategies and incentives to encourage reduced carbon emissions in the quest for net zero, and through infrastructure to encourage wider economic development following the disruption of COVID-19 and the challenges faced following Brexit.

Read on to discover more details or take a look at all of our UK Industrial market research.

Quickly understand

  • How the M&E market has bounced back from the disruption of COVID-19.
  • Why different end-use markets are facing such varied conditions following the pandemic.
  • How some sectors have seen accelerated demand as a result of COVID-19, enhanced by technological changes and government policies, particularly in environmental impacts and infrastructure investment.
  • How the industry structure is developing with expectations of change.
  • UK Mechanical and Electrical Engineering Market Report.
  • M&E sector market report.
  • M&E services report.

Covered in this report

Brands: NG Bailey, TClarke, Crown House Technologies/Laing O’Rourke Holdings, Skanska Rashleigh Weatherfoil, SPIE, SSE Contracting/Aurelius.

Expert analysis from a specialist in the field

This report, written by Terry Leggett, a leading analyst in the Industrial sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.

The combination of technological advances, Brexit, COVID-19 and the emerging policies surrounding net zero are all having a profound impact on the M&E sector. Accompanying these huge influences is a new government emphasis on infrastructure in an effort to stimulate the economy. The market is set for growth and at the same time there are emerging expectations of industry consolidation in what is a highly fragmented sector.

Terry Leggett - Research AnalystTerry Leggett
Senior Analyst

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • COVID-19: market context
    • Economic and other assumptions
    • Products covered in this Report
  2. Executive Summary

    • Impact of COVID-19 on M&E contracting
      • Figure 1: Short-, medium- and long-term impact of COVID-19 on M&E contracting, 2021
    • The market
    • Market size and forecast
      • Figure 2: Market size and COVID-19 impact forecast for the M&E contracting sector, 2016-26
    • Market segmentation
      • Figure 3: Segmentation of M&E contracting market, by type of work, 2016-26
      • Figure 4: Segmentation of the M&E contracting market, by type of demand, 2016-26
    • Market drivers
      • Figure 5: Construction output in Great Britain, 2016-26
      • Figure 6: Role of UK in Western European colocation data centre sector, 2021
    • Companies and brands
    • Overview
    • Mechanical engineering
      • Figure 7: Development of companies in the plumbing, heating and air conditioning installation sector, 2016-21
    • Electrical engineering
      • Figure 8: Development of companies in the electrical installation sector, 2016-21
  3. Issues and Insights

    • Why the COVID-19 impact was so varied
    • Climate change measures impacting the sector
      • Figure 9: Comparative costs of central heating systems, 2021
      • Figure 10: Comparative costs of electric heating systems, 2021
      • Figure 11: Comparative financial and CO2 savings with biomass, 2021
  4. The Market – Key Takeaways

    • The COVID-19 short-term impact
    • The COVID-19 long-term impact
    • Other major market influences
  5. Market Size and Performance

    • Strong COVID-19 disruption
      • Figure 12: Short-, medium- and long-term impact of COVID-19 on M&E contracting, 2021
    • Market buoyancy following COVID-19 disruption
      • Figure 13: Market size of M&E contracting, 2016-21
      • Figure 14: Market development for M&E contracting, 2016-21
  6. Market Forecast

    • Strong prospects
      • Figure 15: Quarterly changes in savings ratio, 2016-21
      • Figure 16: Market forecast for M&E contracting, 2021-26
    • Market drivers and assumptions
      • Figure 17: Key drivers affecting Mintel’s market forecast, 2015-25
    • Forecast methodology
  7. Market Segmentation – Overview

    • Electrical contracting leads market
      • Figure 18: Segmentation of M&E contracting market, by type of work, 2016-26
    • New construction and R&M
      • Figure 19: Segmentation of the M&E contracting market, by type of demand, 2016-26
  8. Market Segmentation – Electrical Contracting

    • COVID-19 disruption
      • Figure 20: Segmentation of the electrical contracting market, by type of work, 2016-26
    • New construction activity
      • Figure 21: Segmentation of the electrical contracting market for new construction projects, 2021
    • RMI demand
      • Figure 22: Segmentation of electrical contracting from R&M activity, 2021 (£ billion)
  9. Market Segmentation – Mechanical Contracting

    • RMI – the most important sector
      • Figure 23: Segmentation of the mechanical contracting market, by type of work, 2016-26
    • New construction activity
      • Figure 24: Segmentation of the mechanical contracting market for new construction, 2021
    • RMI demand
      • Figure 25: Segmentation of mechanical contracting from T&M activity, 2021 (£ billion)
  10. Market Drivers

    • General construction
      • Figure 26: Construction output in Great Britain, 2016-26
    • New housebuilding
      • Figure 27: Monthly comparison of new housebuilding registrations, by month, 2019 and 2020
      • Figure 28: Housebuilding expenditure, 2016-26
      • Figure 29: Segmentation of housebuilding expenditure, by sector, 2016-26
    • Commercial new construction
      • Figure 30: Long-term development of commercial construction, 1970-2020
      • Figure 31: Commercial construction output, 2016-26
      • Figure 32: Segmentation of commercial construction, 2016-21
    • Data centres
      • Figure 33: Role of UK in Western European colocation data centre sector, 2021
      • Figure 34: Development of UK colocation data centres, 2016-21
    • Industrial new construction
      • Figure 35: Long-term development of industrial construction, 1970-2020
      • Figure 36: Industrial construction output, 2016-26
      • Figure 37: Segmentation of private industrial construction activity, 2016-21 (£ million)
    • Public non-residential new construction
      • Figure 38: Long-term development of public non-residential construction, 1970-2020
      • Figure 39: Public non-residential construction output, 2016-26
      • Figure 40: Segmentation of public non-residential construction output, 2016-21 (£ million)
    • Repair, maintenance and improvement activity
    • Public housing
      • Figure 41: Public housing R&M expenditure, 2016-26
    • Private housing
      • Figure 42: Private housing R&M expenditure, 2016-26
    • Private non-residential
      • Figure 43: Private non-residential R&M expenditure, 2016-26
    • Public non-residential
      • Figure 44: Public non-residential R&M expenditure, 2016-26
  11. Companies and Brands – Key Takeaways

    • An unusual industry structure
    • Potential industry consolidation
    • Growth opportunities
    • Sustainability
  12. Industry Structure and Development

    • General
    • Mechanical engineering
      • Figure 45: Development of companies in the plumbing, heating and air conditioning installation sector, 2016-21
      • Figure 46: Structure of the plumbing, heating and air conditioning installation sector, 2021 (number of outlets)
      • Figure 47: Segmentation of work undertaken in the plumbing, heating and air conditioning installation sector, by number of employees, 2019 (£ million by number of employees)
    • Electrical engineering
      • Figure 48: Development of companies in the electrical installation sector, 2016-21
      • Figure 49: Structure of the electrical installation sector, 2020 (number of outlets)
      • Figure 50: Segmentation of work undertaken in the electrical installation sector, by number of employees, 2019 (£ million)
  13. Competitive Strategies

    • Expectation of market growth and industry consolidation
    • Selective tendering
    • Diversification
    • Technology
    • Sustainability
  14. Company Profiles

    • NG Bailey
    • Activity
    • Performance
      • Figure 51: Financial development of NG Bailey, 2016-20 (£ 000)
      • Figure 52: Financial development of NG Bailey Group, 2016-20 (£ million)
    • Strategy
    • TClarke
    • Activity
    • Performance
      • Figure 53: Financial development of TClarke, 2016-20 (£ million)
      • Figure 54: Revenue segmentation of TClarke, 2020 (£ million)
    • Strategy
    • Crown House Technologies/Laing O’Rourke Holdings
    • Activity
    • Performance
      • Figure 55: Financial development of Crown House Technologies, 2016-20 (£ 000)
    • Strategy
    • Skanska Rashleigh Weatherfoil
    • Activity
    • Performance
      • Figure 56: Financial development of Skanska Rashleigh Weatherfoil, 2016-20 (£ million)
    • Strategy
    • SPIE
    • Activity
    • Performance
      • Figure 57: Financial development of SPIE, 2016-20 (£ 000)
    • Strategy
    • SSE Contracting/Aurelius
    • Activity
    • Performance
      • Figure 58: Financial development of SSE Contracting, 2016-20 (£ million)
    • Strategy
  15. Appendix – Data Sources, Abbreviations and Supporting Information

  16. Appendix – Central Forecast Methodology

    • Market forecast and prediction intervals
      • Figure 59: Forecast market for M&E contracting, 2021-26 (£ billion)
    • Market drivers and assumptions
      • Figure 60: Key drivers affecting MBD’s market forecast, 2021-26

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Market

Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

Consumer

Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

Brand/Company

Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

Data

Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

*databooks not available with UK B2B Industry reports.

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