The business enterprise R&D expenditure in the UK for the sectors of Electricity, Gas, Steam and Air Conditioning Supply, as well as Water Collection, Treatment and Supply, is forecasted to steadily increase from 2024 to 2028, starting at 158.39 million USD in 2024 and reaching 174.28 million USD by 2028. This reflects a consistent year-on-year growth of around 2.5%, indicative of a positive trend in investment. If the same growth trend continues over five years, one can expect a stable compound annual growth rate (CAGR) of approximately 2.5%, reflecting ongoing confidence and need for innovation in these sectors.

Future trends to watch for include:

Impact of regulatory changes on R&D expenditure in sustainability and green energy advancements.
Increased focus on digital transformation and smart grid technologies.
Potential shifts in investment priority toward water conservation and efficiency improvements.