The import of DC Motors and Generators of an output 375 kW and more to the UK is projected to experience a decline from 2024 to 2028, with an average reduction in volume year-on-year. As of 2023, the import volume stood at approximately 10.2 million kilograms. By 2028, this is expected to drop to around 7.6 million kilograms, representing a CAGR of about -4.6% over this forecast period.
Future trends to monitor include:
- Technological advancements in renewable energy storage which could impact demand.
- Trade policy changes post-Brexit potentially affecting import dynamics.
- Increasing focus on sustainable and electric solutions, possibly affecting traditional DC motor imports.