In 2023, the sold production of installation services for steam generators and metal pipe systems in the UK stood at 135.3 million Euros. Looking forward, forecasts from 2024 to 2028 show a consistent decline at varying rates, marking a Compound Annual Growth Rate (CAGR) of approximately -3.7%. Year-on-year, the analysis shows a decrease of 3.8% by 2025, followed by reductions of 3.8%, 3.9%, and 4.0% annually. The trend indicates a projected steady decrease in demand or pricing power within the industrial installation services market.
Future trends to watch for include potential technological advancements that could disrupt traditional installation methods, shifts in energy policies affecting steam generator use, and economic factors influencing industrial investment levels in the UK.
