The UK's employment in the manufacture of steam generators sector is projected to decrease from 1.31 thousand employees in 2024 to 1.16 thousand by 2028. This decline represents a year-on-year decrease of 3.05% from 2024 to 2025, 2.36% from 2025 to 2026, 3.23% from 2026 to 2027, and 3.33% from 2027 to 2028. The five-year compound annual growth rate (CAGR) is estimated at -3.04%. In 2023, employment stood at 1.34 thousand workers.
Future trends to watch for include potential technological advancements that may impact employment figures and shifts in industrial demand for steam generators, especially given increased focus on renewable energy sources.
