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The installation sector: opportunities in times of the Corona virus

April 16, 2020

The corona crisis is hitting hard, not just in our country, but on a global scale. Unfortunately, it is unclear how long this crisis will last, but it is certain that it is a far-reaching one for a wide range of sectors.

Until recently, the installation contracting sector was booming. Due to the unexpected and rapid developments in corona, the sector organisation Techniek Nederland indicates that many installation companies are facing acute problems as a result of this crisis. Approximately one third of the installation companies expect to realise at least a third less turnover in the months of March and April than they did a year ago. Many companies expect to have to appeal to the Temporary Emergency Measures for Work Retention (NOW).

Services to businesses have seriously declined, but there are also problems in services to consumers, industry and infrastructure. Services for new construction projects and renovation projects in which it is an advantage that there are only a limited number of people present will continue where possible in the short term. Later in the year and next year, the construction industry will face its third crisis in twelve years. The EIB (Economic Institute for Construction) predicts a loss of 40,000 jobs in 2021. The installation sector will follow this trend. Maintenance in business premises and services to consumers will fall sharply due to the Corona crisis.

The installation sector is now being forced to think about new ways of working, including remote working.

 

The installation sector: opportunities in times of the Corona virus
Photo: Techniek Nederland

Digitalisation in the installation sector 

Digitalisation has been an important theme within the installation sector for some time now. Stand-alone systems are increasingly integrated and connected to the internet; building automation.

Digitalisation can lead to new links between existing services, technologies and applications. These new systems can be operated independently by the customer, with the installer being able to monitor and assist remotely.

Digitalisation within the installation sector has a number of important advantages, including the possibility of remote monitoring. This enables an installer to respond proactively to malfunctions and required maintenance.

In times of coronary crisis there is the added advantage that installers can also assist their customers remotely in case of problems.

As an entrepreneur in the installation sector, it is important to gain insight into what opportunities there are in these times in terms of digitisation, how to prioritise these opportunities and how to translate them into your own organisation.

In addition, it is important to develop a concrete plan how and in which tempo chosen initiatives can be implemented.

What are the most important technological developments and how can we anticipate them? How is the behaviour of our customers changing? Which skills do I need within my company to respond to these changes? What must we change in our strategy and business model? These are just some of the questions that are important when integrating digitalization developments (at an accelerated pace).

We would be happy to help you think about these and other important issues. Please feel free to contact us.

The installation sector: opportunities in times of the Coronavirus 1

Research

The implications of the coronavirus affect not only the installation sector but the entire economy. Developments in digitisation that now offer opportunities for the installation contracting sector can also be applied to other sectors.

However, the digital transformation in practice has several challenges.
We think that knowledge sharing on digitalisation, between the sectors, has a lot of added value.

In order to test this we have started a survey and would like to ask you to completethis questionnaire. It only takes 5 minutes to complete.

Of course we will share the results with you.

The installation sector: opportunities in times of the Coronavirus 2