Panel Builders Market to Grow in 2011
A new market research survey on the UK panel builders market from MTW Research has found that demand patterns and market trends are shifting in 2011, prompting greater optimism in the market.
- (1888PressRelease) March 17, 2011 - The 1st edition, 200 page research report suggests that the panel builders 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 discusses a wide range of issues impacting the panel builders and electrical components market. One notable market influence identified is the change in direction for many sectors of the UK manufacturing industry - a key customer market for panel builders. MTW point 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, HMI etc., as well as identifying key trends in each of the product sectors. For example, MTW state that the uninterruptible power supply market is continuing to benefit from the growing demand for greater efficiency and integration of systems, with unit size, power consumption, reliability and total cost of ownership identified as being key issues in the specification of these products by panel builders and their customers. Opportunities identified in the UPS market include a reference to the development of kinetic storage which offers enhanced efficiency and should support longer term growth in this sector.
4 years of financials for over 120 companies is provided for each panel builder, alongside turnover and profit estimates which enable MTW to rank the companies by sales, profitability and a number of other indicators in the report. The analysis of this data found that around 19% of UK panel builders are currently considered to have a 'low' credit rating, 21% of which are considered to be at immediate risk of failure. Clearly, whilst there is more optimism in the market in 2011, trading conditions are still difficult for many panel builders and associated component manufacturers and distributors.
The research also included analysis of end use sectors for panels and MTW have provided a market share for the key customer groups in the report, as well as a mix for private and public sector applications. The report 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.
As the panel building industry looks forward to improved performance in the second half of 2011, MTW's report suggests that the threat of a 'double-dip' is diminishing rapidly and reasonable growth is now the most likely prospect for the remainder of 2011 and into 2012. MTW Research's report is available to purchase for GBP 565 from www.marketresearchreports.co.uk or by calling 08456 524324
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