From 2013 to 2023, the sold production of installation of pumps and compressors in the UK experienced various fluctuations. The value peaked in 2014 and saw a drastic drop in 2020, likely due to economic disruptions. Since then, it has shown modest recovery with a stable decline reaching 68.436 Million Euros in 2023. The year-on-year changes highlight notable volatility, particularly in 2020, followed by a positive rebound in 2021. Over the past five years leading to 2023, the compound annual growth rate (CAGR) averaged -0.86% indicative of a slow but consistent downtrend.
For the period from 2024 to 2028, forecasted data suggests a continued gradual decline with a five-year CAGR of -0.72%. The value is anticipated to decrease from 67.799 Million Euros in 2024 to 65.406 Million Euros in 2028.
Future trends to watch for include economic impacts on industrial investments, advancements in energy-efficient technologies, and potential regulatory changes in environmental standards. Establishing resilience through innovation and sustainability could redefine growth trajectories in this sector.
