The import volume of lightning arresters and voltage or surge limiters of 1 kV and more to the UK is set to increase steadily from 787.39 thousand kilograms in 2024 to 870.92 thousand kilograms by 2028. This represents an average annual compound growth rate (CAGR) of approximately 2.5% over the five-year forecast period. In 2023, the actual import volume was slightly lower than the forecasted figures for 2024, underscoring a persistent upward trend. Year-on-year variations highlight consistent growth, with increments in the range of 2-3% annually.
Looking ahead, key trends to monitor include advancements in smart grid technology and the increasing focus on renewable energy integration, both of which could drive further demand for advanced lightning protection solutions. Additionally, regulatory changes and the UK's evolving energy strategy may impact future import volumes significantly.
