The UK manufacture of electrical equipment sector is projected to see a consistent decline in employment from 2024 to 2028, from 67.65 thousand to 61.02 thousand employees. The year-on-year decline ranges from 2.53% to 2.61%, equating to a Compound Annual Growth Rate (CAGR) of approximately -2.55% during this period. This trend suggests a contraction in workforce demand, potentially spurred by automation or shifts in manufacturing strategies.

Future trends to watch for:

Impact of automation and AI on labor needs.
Increasing adoption of renewable energy technologies that may affect product lines.
Potential trade policy changes post-Brexit impacting production localization.
Shifts in global supply chains affecting outsourcing and efficiency.