In 2023, the number of self-employed persons in electrical equipment in the UK stood at 7.0 thousand. The forecast predicts stability at 7.0 thousand for 2024 and 2025, with an increase to 8.0 thousand from 2026 to 2028. This represents a 14.3% increase in self-employment in this sector over the five-year period. The year-on-year growth is 0% for 2024 and 2025, followed by a 14.3% rise in 2026, which remains constant through 2028. Over five years, the CAGR is approximately 2.7%.
Future trends to watch include technological advancements and shifts in renewable energy initiatives, which may drive increased demand for self-employed experts in electrical equipment. Economic conditions, regulatory changes, and skill development initiatives will also influence these projections.
