This analysis examines the forecasted number of employees in the UK manufacturing sector for electric motors, generators, transformers, and electricity distribution apparatus, expressed in thousands. As of 2023, the sector employed approximately 22,000 individuals. By 2028, this is expected to decrease to 17.98 thousand. The year-on-year variation from 2024 to 2025 is approximately -3.96%, and from 2025 to 2026 is -4.02%. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -3.56%, indicating a steady decline.
Future trends to watch include:
- Development of renewable energy technology and its impact on the sector.
- Automation and advancement in production processes, possibly reducing employee requirements.
- Potential policy changes impacting the manufacturing industry.