In 2023, the sold production of reciprocating displacement compressors with specific specifications stood below the 2024 values, marking the initiation of a growth trend. Between 2024 and 2028, forecasts indicate a steady annual increase, showcasing year-on-year growth rates: 4.9% from 2024 to 2025, 4.6% from 2025 to 2026, 4.3% from 2026 to 2027, and 4.0% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately 4.45%.
Future trends to watch for:
- Impact of technological advancements enhancing compressor efficiency.
- Shifts in regulatory frameworks affecting production and demand in the UK.
- Potential economic or market conditions influencing purchasing power and industry investment.