The self-employment hours in the UK's electrical equipment manufacturing sector have experienced significant variability from 2013 to 2023. The highest value was in 2018 at 14.08 million hours, while the lowest was in 2020 at 3.29 million hours. The value for 2023 stood at 6.43 million hours, marking a 38.11% decrease from 2022. The annual CAGR varied greatly, demonstrating both upward and downward trends over years. From 2024 onwards, the forecast depicts a gradual decline with a CAGR of -0.2% until 2028.

Future trends to watch for:

Impact of technological advancements on self-employment in manufacturing.
Future economic policies affecting the gig economy.
Global supply chain stability and its influence on the electrical equipment sector.
Changes in demand for electrical equipment driven by renewable energy initiatives.