The share of electrified rail lines in the UK was 38.6% in 2023. The forecasted data shows a gradual increase through 2028, reaching 39.9%. Year-on-year growth is notably slow, hovering around 0.27% annually between 2024 and 2028. The compounded annual growth rate (CAGR) over the five-year forecast period is approximately 0.27%, indicating a modest upward trend.

Future trends to watch for:

Government policies aimed at environmental sustainability could accelerate electrification projects.
Advancements in green energy technology may render electrification more economically feasible, potentially boosting growth rates.
Infrastructure upgrades and investments in rail could impact the speed of future electrification.