The employment in the Repair of Electrical Equipment sector in the UK showed significant annual fluctuations from 2013 to 2023, starting at a high of 5.81 thousand FTEs in 2013 and declining to 4.7 thousand FTEs in 2023, which reflects a year-on-year decrease of 3.32%. Notable were peaks in 2014 and 2016, with double-digit year-on-year increases, while subsequent years saw overall decline magnifying from 2020 onwards. The five-year CAGR leading to 2023 is -3.09%, predicting a continued contraction in employment in this sector. Future forecasts suggest employment will further decline to 3.85 thousand FTEs by 2028, with a forecasted five-year CAGR of -3.14%, translating into an overall projected decline of 14.76% from 2024 to 2028.
Future trends to watch for include advancements in automation and technology which may suppress employment needs, along with potential green energy initiatives that could either boost demand for experienced electricians or catalyze further job reductions through enhancements in repair technology efficiency and reliability improvements in electrical equipment.
