THE MECHANICAL & electrical sector will be worth nearly £13 billion by 2002, according to a new report.
Consultants at Market & Business Development found that the M&E sector will grow by 12 per cent, to £12.7 billion, up from £11.3 billion this year.
The Electrical Contractors' Association (ECA) said that the 'encouraging picture' confirmed a
recent survey, which found that 37 per cent of its members expected turnover to increase over the next two years.
An ECA spokesman said the growth would occur in tandem with a change in M&E contracting.
He said: 'While the bulk of the increase is likely to be in areas where members specialise, overall members are expecting a change in the type of work as technologies converge.'
The mechanical contracting market turned over £5.8 billion this year and electrical contractors saw the market grow by three per cent this year to £5.5 billion.
Electrical services specialist Briggs & Forrester is typical of the firms enjoying the boom. General manager Alan Garlick said that workloads had doubled in the past year and that he had taken on 50 per cent more staff to cope.
Mr Garlick said: 'Since the start of the financial year we have successfully completed almost twice the value of work envisaged.'