Our Marketplace

We continue to develop a fresh portfolio of leading edge, ultra-high efficiency products, allowing us to take further market share. With the addition of high voltage modules into our portfolio from the acquisition of EMCO, we see further opportunities to grow our market share.

 

The markets we serve

We have a broad exposure to the Healthcare, Industrial and Technology Markets. We therefore have a diverse customer base of over 3,500 customers and approximately a further 5,000 customers serviced through our distribution channels.

We deal with the following proportions of the Standard & Poor's 500 Equipment Manufacturers:

  • Healthcare 95%
  • Industrial 73%
  • Technology 69%

The diversity of our business is a significant strength, with no one customer exceeding more than 7% of revenue. Further, there is no one dominant player in the markets we address due to the diversity of customer requirements.

 

Revenue trends

Revenue trends by sector are set out below

Industrial

Industrial Revenue (£ millions)

Industrial Revenue

Industrial remains our most diverse end market. There appears to be cyclical weakness in North America in this sector from the third quarter of 2015.

Healthcare

Healthcare Revenue (£ millions)

Healthcare

Further gains from corporate approvals at the major blue chip customers.

Technology

Technology Revenue (£ millions)

Technology

Technology continues to be the most cyclical sector but has swung back in 2015.

Revenue by geography is set out as follows expressed in US Dollars to highlight the underlying trends in North America and Asia

North America

North America Revenue (US$ millions)

North America Revenue

The North American market shows steady momentum driven by larger opportunities in blue chip accounts but appears to have experienced some cyclical weakness in the industrial sector from the third quarter of 2015.

Europe

Europe Revenue (£ millions)

Europe Revenue

The market in Europe remains mixed. It has been more difficult to grow in the markets such as the UK where the Group already has a strong share and the programmes are more project based. However, despite the weak Euro, growth in Europe has been robust in 2015, particularly in central Europe.

Asia

Asia Revenue (US$ millions)

Asia Revenue

In prior years, the Asia business had benefitted from one usually large account which peaked in 2011 and reduced to zero in 2013 when the programme went end of life. The Asian business is now showing steady growth from customers that place value on XP Power's value proposition.