DUBLIN, August 17, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7cnw3n/electrical) has announced the addition of the "Electrical Wholesale Market Report - Western Europe 2015-2019 Analysis " report to their offering.
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While the EU economy is experiencing a difficult period in 2014-15, there have been significant differences in the performance of construction markets in different countries. The Electrical Wholesale market is largely dependent on construction and home improvement activity and has experienced mixed fortunes over the last 2-3 years, with variable prospects up to 2019. In addition, each country has seen some restructuring and the sector has become much more concentrated in general, though there are still major differences between key countries.
The overall electrical wholesale market within the European Union countries (excluding recent accession countries) is estimated to be worth around 30-32 billion according to our definition. This figure is similar to the market size in 2012, though there have been changes within individual markets. Germany represents the largest electrical wholesale market within the European Union. In all countries, the national' players dominate the electrical wholesale market by value in 2014 - typically with shares of over 65% for the top 2/3 players.
The key trend in the market is the continuing rationalisation of the sector, with further acquisitions consolidating the dominant positions of Rexel and Sonepar across the markets covered by this analysis, and further afield. Both Sonepar and Rexel have also continued to expand their operations in less mature markets in developing economies. One important development in the last year is that Sonepar have entered the UK market with the acquisition of Routeco in 2014.
While 2015-16 is likely to be a difficult period with all countries affected to some extent, medium term prospects are generally relatively optimistic. Broadly, forecasts over the next few years in the electrical wholesaling market indicate modest recovery, reflecting a combination of increases in new housebuilding levels and a steady recovery in consumer spending feeding through into rising demand for electrical products in the medium term. New market opportunities are also emerging with the electrical sector adopting variable levels of involvement in renewable energy, home automation, while IT/communications also continues to attract significant investment. Conversely, external threats to the sector have grown with a switch to offsite manufacturing in some countries and a growing focus on modularity in areas such as wiring and circuit breakers for example.
For more information visit http://www.researchandmarkets.com/research/7cnw3n/electrical
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SOURCE Research and Markets