The market is dominated by foreign suppliers, as imports account for 71.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 81.5% of total demand in 2022. The UK has the fourth largest market size for electric motors, generators and transformers regionally, with demand reaching USD7.0 billion in 2022. Cummins Generator Technologies Ltd is the largest company in the UK, generating 14.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 43.2% of total production value in 2022. The total number of companies increases in 2022, to 3,058 units. The costs of the industry decrease by 4.4% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.9% of production value in 2022, the ninth highest regionally. The industry’s exports share increases in 2022 to 66.3% of total production output. With production value of USD5.5 billion, the UK accounts for 8.5% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Electric Motors, Generators and Transformers in the United Kingdom: ISIC 311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Motors, Generators and Transformers in the United Kingdom: ISIC 311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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