The employment in the UK's manufacture of electric motors, generators, transformers, and electricity distribution and control apparatus sector is projected to decrease from 21.13 thousand employees in 2024 to 17.79 thousand by 2028. With an average year-on-year decline, the Compound Annual Growth Rate (CAGR) for 2024 to 2028 indicates a consistent reduction across these years. This suggests a downward trend in workforce numbers likely tied to advancements in technology, automation, and industry-specific challenges.
Future trends to watch for include:
- Continued technological advancements potentially impacting workforce needs.
- Growth in renewable energy sectors requiring shifts or redeployment of labor forces.
- Global economic conditions influencing industrial production and employment.