A new report by AMA Research suggests the new-build sector is driving growth in the mechanical and electrical (M&E) contracting market.
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According to the latest Mechanical and Electrical (M&E) contracting market report from AMA Research, the market has seen growth of 20% since 2014. The market entered a period of sustained growth in 2013, which was largely driven by a buoyant new build market.
The Mechanical and Electrical Contractors Market Report – UK 2019-2023 by AMA Research demonstrates that growth in the mechanical and electrical (M&E) contracting market continued up to 2017, but a period of market stagnation occurred in 2018. It attributes this to a decline in public sector output, apart from infrastructure, but especially in healthcare and education. The report notes that output in the commercial office sector also fell as a result of weak business confidence.
The research indicates that uncertainty over the outcome of the Brexit process and its impact on the UK economy is a major factor negatively impacting market growth, especially in the commercial non-residential sector.
Factors supporting growth in the mechanical and electrical (M&E) contracting market include the introduction of new technologies and products, particularly in the area of energy efficiency and reducing carbon emissions, driven by changing legislation and greater awareness of the issue.
It notes that there has also been a rapid expansion in the range of LED lighting and increasingly sophisticated building control systems for heating, lighting, and energy management.
The information was taken from the Mechanical and Electrical Contractors Market Report – UK 2019-2023 by AMA Research, which is available to purchase at www.amaresearch.co.uk