Electric Motor, Generator & Transformer Manufacturing in the UK - Industry Market Research Report

Electric Motor, Generator & Transformer Manufacturing in the UK - Industry Market Research Report

Electric Motor, Generator & Transformer Manufacturing in the UK

Revenue is forecast to contract at a compound annual rate of 2% over the five years through 2023-24 to £3.3 billion. Weak economic conditions since the Brexit vote have plagued the industry's performance as businesses reduced spending budgets amid uncertain economic conditions. However, strong demand from construction industries prior to the pandemic alongside the replacement of ageing energy infrastructure supported revenue, limiting the overall decline. Despite the pound's depreciation, competition from imported products has remained strong, weighing on the market share of domestic firms.

Companies in this industry manufacture various types of electric motors and transformers. Industry operators also manufacture power generators and motor generators sets, though production of turbine-generator sets does not fall under this industry

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.