The forecast for the UK electricity distribution and control apparatus sector projects steady growth from 2024 to 2028, with production volume increasing from 585.45 million items in 2024 to 683.12 million items in 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 3.88%. The year-on-year percentage increase gradually ranges from 4.3% in 2025 to 3.6% in 2028. Previously, in 2023, the actual production volume was approximately 560 million items.
Future trends to watch for include:
-Technological advancements influencing product demand and innovation.
-Regulatory changes impacting production and market strategies.
-Increasing demand for sustainable and energy-efficient apparatus.
