Forecast: Electric Motors, Generators, Transformers Turnover in the UK

The electric motors, generators, transformers turnover in the UK has experienced notable fluctuations over the past decade. Following significant declines in 2014 and 2016, the market saw a substantial recovery in 2018 and has demonstrated steady growth. By 2023, the turnover stood at 4.49 Billion Euros, indicating a relatively stable market transitioning into 2024. Over the last two years, the market exhibited slight growth, with year-on-year variations of 1.48% in 2022 and 1.43% in 2023. The five-year CAGR leading into 2023 was modest at 0.00089%, suggesting slight year-to-year growth in recent years.

Looking forward, the forecast projects a consistent upward trend from 2024 to 2028, with an anticipated turnover reaching 4.82 Billion Euros in 2028. The five-year CAGR for this period is forecasted at 1.12%, reflecting moderate but steady growth.

Future trends to watch for include:

• Advancements in energy efficiency and green technology influencing product demand.
• Policy shifts promoting sustainable energy solutions.
• Global supply chain dynamics potentially impacting production costs and pricing.