In 2023, the import of reciprocating displacement compressors with more than 15 bar capacity to the UK stood at approximately 8.92 thousand items. From 2024 onward, a consistent decline is forecasted: 7.34 thousand in 2024, 6.09 thousand in 2025, 4.87 thousand in 2026, 3.67 thousand in 2027, and 2.49 thousand in 2028. Year-on-year variations reveal significant contractions of 17.1% from 2024 to 2025, 20% from 2025 to 2026, 24.6% from 2026 to 2027, and 32.2% from 2027 to 2028. The CAGR over these years is expected to be -18.3%.
Future trends to watch for include:
- Technological advancements possibly decreasing demand for this compressor type.
- Potential UK regulatory shifts affecting import dynamics.
- Competitor and substitute machinery affecting market position.
