In 2023, the actual hours worked in the UK electrical equipment sector stood at an undisclosed baseline. The forecast for 2024 to 2028 shows a consistent decline in hours worked, from 43.245 million in 2024 to 39.098 million in 2028. This represents a gradual decrease in employment intensity within the sector.

Year-on-year, the decline in hours worked appears to reflect broader trends of automation and efficiency improvements, with average reductions in the workforce demand of approximately 2.5% annually. The Compound Annual Growth Rate (CAGR) for the period is negative, indicating a steady contraction.

Future trends to watch for include:

Technological advancements, particularly AI and automation impacts.
Potential shifts in market demand due to climate policies and green energy transitions.
Labor market adjustments influencing skill requirements and workforce dynamics.