The forecast for the number of persons employed in the UK electrical equipment sector suggests a continuous decline from 2024 to 2028. In 2023, the baseline stood higher than the projected figures for subsequent years. From 2024 to 2025, employment is expected to decrease by 4.06%. Further reductions are projected annually, with a 4.14% decrease from 2025 to 2026, 4.27% from 2026 to 2027, and 4.35% from 2027 to 2028. The five-year compound annual growth rate (CAGR) indicates an average annual decline of approximately 4.2%.

Future trends to watch for:

Technological advancements impacting labor needs in manufacturing.
Effects of automation and AI integration on employment figures.
Shifting demand towards sustainable and green energy solutions influencing sector dynamics.