The import of electric motors with an output not exceeding 37.5 watts to the UK is expected to steadily decline over the next few years. Currently, projected imports are set to decrease at a roughly consistent rate from 2024 through 2028. As we examine year-on-year variations, the data reflects a gradual decline, averaging less than 1% annually.
In terms of longer-term trends, the compound annual growth rate (CAGR) over the coming five years shows a modest decline, indicating persistent downwards pressure on the volume of imports within this segment.
Future trends to monitor include:
- Potential changes in UK energy policies that could impact demand for electric motors.
- Technological advancements that may lead to an increase in efficiency or alternative solutions.
- Fluctuations in global manufacturing and supply chain dynamics affecting availability and cost.
- Shifts in consumer electronics usage and demand in the UK market.
