The forecast for the sold production of design and assembly of industrial process control equipment and automated production plants in the UK indicates a noticeable decline. Starting from a projected value of 333.63 million euros in 2024, the production is expected to decrease steadily to 291.59 million euros in 2025, 250.4 million euros in 2026, 210.02 million euros in 2027, and 170.46 million euros by 2028. From 2023 figures, a continued downturn is apparent with year-on-year reductions pointing towards a challenging market environment. The compound annual growth rate (CAGR) indicates a significant average annual decrease over this five-year period.
Future trends to watch for include:
- Technological advancements in process automation that may influence demand.
- Potential shifts in manufacturing strategies post-Brexit impacting domestic production.
- Increased focus on green and sustainable technologies potentially altering market dynamics.
