The sold production of electrical equipment repair and maintenance in the UK has experienced significant fluctuations over the past decade. From a high of 45.006 million euros in 2013, it hit a low of 28.536 million euros in 2016, rebounding to 46.957 million euros in 2018 before steadily declining again towards forecasted values of 23.49 million euros by 2028. Noteworthy is the substantial drop observed in 2020, where the industry value decreased to 32.275 million euros, followed by modest variations up until our current standing in 2023 at 33.197 million euros. The year-on-year variations highlight periods of both significant decline and occasional recovery, while the forecasted CAGR from 2024 onwards indicates an average annual decrease of 5.49%.

In terms of future trends to watch for:

Adoption of new technologies and automation which could reduce the demand for traditional repair and maintenance services.
Potential economic and regulatory impacts due to Brexit implications affecting trade and industry operations.
Environmental regulations pushing for sustainable practices that could transform service offerings.