The electrical equipment sector in the UK is projected to see a downward trend in total hours worked from 2024 to 2028. In 2023, the total hours amounted to approximately 126 million. The forecast indicates a year-on-year decline across the forecast period, with the values decreasing from 122.79 million in 2024 to 109.06 million by 2028. The compound annual growth rate (CAGR) over these five years is negative, highlighting a consistent decrease in labor hours.

Future trends to watch for include:

Advancements in automation and technology reducing manual labor requirements.
Potential shifts in demand due to economic factors or policy changes impacting the electrical equipment industry.
Global competitive pressures influencing local manufacturing and employment patterns in the sector.