The industry has endured difficult conditions over the past five years due to weak domestic demand and strong import competition. Demand for electrical apparatus is highly sensitive to levels of construction activity, industrial production volumes and infrastructure spending by electricity providers. Bleak economic conditions resulted in construction and manufacturing activity declining at the start of the period and remaining weak in subsequent years. However, growth in the value of industry exports positively influenced the industry, and resulted in exports accounting for a greater share of revenue.
Firms in this industry manufacture electricity distribution and control apparatus.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.