In 2023, the UK imported induction or dielectric industrial electric furnaces and ovens with a volume of 2.6478 million kilograms. The forecasted import volumes for 2024 to 2028 show a steady increase, reaching 3.1058 million kilograms by 2028. This translates to an average yearly growth rate (CAGR) of around 3.09%. Year-on-year growth from 2024 to 2025 is approximately 3.36%, indicating a consistent upward trend in imports.
Future trends to watch include:
- The impact of technological advancements improving furnace efficiency.
- Potential shifts in manufacturing policies affecting import dependence.
- Environmental regulations that could influence demand and import volumes.
