The forecasted output of electrical equipment in the UK is projected to show a steady year-on-year increase from £13.31 billion in 2024 to £13.46 billion by 2028. This progression marks a modest yet consistent growth, reflecting an overall positive trend in the industry. Compared to the actual output of £13.28 billion in 2023, this forecasted trajectory indicates a growth rate of approximately 0.53% annually over the five-year period from 2024 to 2028.

Future trends to watch for in the UK electrical equipment sector include:

Technological advancements and their adoption within the industry.
The impact of regulatory changes and government policies on production.
Global supply chain dynamics and potential disruptions.
Shifts in consumer demand, particularly towards sustainable and energy-efficient products.