UK panel builders market on the increase
22 March 2011
A new market research survey on UK-based panel builders, produced by MTW Research, has found that demand patterns and market trends are shifting, prompting greater optimism in this market.
The research report would suggest that the UK panel building market is likely to exhibit stronger growth in the second half of 2011, stimulated by a range of key strengths and opportunities. One such market opportunity is highlighted as the growing demand for replacement applications such as the installation of variable speed, rather than fixed speed drives which offer more efficient operation and control.
Based on quantitative sales information from the industry, the report covers a range of issues impacting the panel builders and electrical components market. One market influence identified is the change in direction for many sectors of the UK manufacturing industry – a key customer market for panel builders. The report points to “a gradual shift toward more focused ‘niche production’ and away from ‘mass manufacturing’ which is changing the dynamics of the panel builders market in 2011 as well as stimulating new market opportunities such as greater efficiency requirements.”
The report goes on to provide market sizes and specification criteria for the key components used in panels such as drives, cables, power, enclosures, and HMIs, as well as identifying key trends in each of the product sectors.
The research also included analysis of end-use sectors for panels and the report provides a market share for the key customer groups in the report, as well as a mix for private and public sector applications. It also identifies a number of fairly significant changes in demand from several end use sectors which are likely in the medium to longer term, and highlights the need for panel builders to re-focus their marketing in order to maintain growth in an increasingly dynamic market place.
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