As of 2023, the re-import of diesel generating sets of an output of 375 kVA and more to the UK stood at an estimated value from which we see growth in subsequent years. From 2024 onwards, there's a consistent year-on-year increase in value, with forecast growth rates suggesting steady demand. Specifically, the sector exhibits a compound annual growth rate (CAGR) trend of about 3.6% over the 2024-2028 period.
Future trends to watch for:
- Potential impacts of stricter environmental regulations on diesel imports.
- Advancements in alternative energy sources.
- Evolving technological improvements in diesel generator efficiency.
- Changes in global trade policies and economic conditions.
