United Kingdom’s Electrical Measuring Instruments Market Forecast for Minimal Growth with +0.2% CAGR – News and Statistics

Oct 19, 2025

IndexBox has just published a new report: United Kingdom – Instruments for Measuring Electrical Quantities – Market Analysis, Forecast, Size, Trends And Insights.

The UK market for instruments for measuring electrical quantities experienced a significant decline in 2024, with consumption volume dropping to 1.6 million units and market value falling to $161 million. Despite this recent downturn, the market is forecast for a slow recovery, with volume projected to grow at a CAGR of +0.2% and value at +1.0% CAGR through 2035. Domestic production remained stable at 1.1 million units, while imports saw a sharp decrease of -32.8% to 1.3 million units. Key import sources include Germany, China, and the United States, with the US having the highest import price. Exports saw a modest increase to 809,000 units, with the United States, Germany, and the Netherlands as the primary destinations.

Key Findings

• Market volume is forecast for minimal growth with a +0.2% CAGR through 2035
• 2024 saw a sharp decline in consumption, with volume down -30.6% to 1.6M units
• Imports fell significantly by -32.8% in volume but import prices rose 29% to $87 per unit
• The United States, Germany and China are the top import suppliers by value
• Exports increased by 6.8% in volume, primarily to the US, Germany and the Netherlands

Market Forecast

Driven by increasing demand for instruments for measuring electrical quantities in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.2% for the period from 2024 to 2035, which is projected to bring the market volume to 1.6M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market value to $179M (in nominal wholesale prices) by the end of 2035.

Consumption

United Kingdom’s Consumption of Instruments for Measuring Electrical Quantities

In 2024, after two years of growth, there was significant decline in consumption of instruments for measuring electrical quantities, when its volume decreased by -30.6% to 1.6M units. In general, consumption, however, showed a pronounced increase. Over the period under review, consumption hit record highs at 2.6M units in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

The value of the market for instruments for measuring electrical quantities in the UK dropped remarkably to $161M in 2024, reducing by -19.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $391M. From 2018 to 2024, the growth of the market failed to regain momentum.

Production

United Kingdom’s Production of Instruments for Measuring Electrical Quantities

In 2024, approx. 1.1M units of instruments for measuring electrical quantities were produced in the UK; remaining stable against the previous year’s figure. In general, production showed slight growth. The pace of growth was the most pronounced in 2017 with an increase of 125%. Over the period under review, production attained the peak volume at 2.2M units in 2018; however, from 2019 to 2024, production stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities production expanded notably to $63M in 2024 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 88%. Over the period under review, production attained the maximum level at $107M in 2018; however, from 2019 to 2024, production remained at a lower figure.

Imports

United Kingdom’s Imports of Instruments for Measuring Electrical Quantities

After four years of growth, overseas purchases of instruments for measuring electrical quantities decreased by -32.8% to 1.3M units in 2024. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 62%. Imports peaked at 2M units in 2023, and then reduced notably in the following year.

In value terms, instruments for measuring electrical quantities imports declined to $116M in 2024. Overall, total imports indicated resilient growth from 2013 to 2024: its value increased at an average annual rate of +5.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +51.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 22%. Imports peaked at $134M in 2023, and then declined in the following year.

Imports By Country

Germany (215K units), China (203K units) and Taiwan (Chinese) (193K units) were the main suppliers of instruments for measuring electrical quantities imports to the UK, with a combined 46% share of total imports. The United States, France, Austria, Hungary, Thailand, Italy, Switzerland, the Netherlands, Belgium and Japan lagged somewhat behind, together comprising a further 30%.

From 2013 to 2024, the biggest increases were recorded for Hungary (with a CAGR of +40.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest instruments for measuring electrical quantities suppliers to the UK were the United States ($20M), Germany ($19M) and China ($18M), together accounting for 49% of total imports. France, Austria, Switzerland, Hungary, Italy, Taiwan (Chinese), Japan, the Netherlands, Belgium and Thailand lagged somewhat behind, together comprising a further 22%.

Hungary, with a CAGR of +29.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for instruments for measuring electrical quantities stood at $87 per unit in 2024, jumping by 29% against the previous year. Overall, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 51% against the previous year. The import price peaked at $213 per unit in 2016; however, from 2017 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was the United States ($160 per unit), while the price for Thailand ($5 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Japan (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports

United Kingdom’s Exports of Instruments for Measuring Electrical Quantities

Instruments for measuring electrical quantities exports from the UK expanded remarkably to 809K units in 2024, growing by 6.8% compared with the previous year’s figure. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 383,737%. The exports peaked in 2024 and are expected to retain growth in years to come.

In value terms, instruments for measuring electrical quantities exports fell to $182M in 2024. Over the period under review, total exports indicated a mild expansion from 2013 to 2024: its value increased at an average annual rate of +1.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +94.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. Over the period under review, the exports hit record highs at $182M in 2023, and then contracted slightly in the following year.

Exports By Country

Germany (116K units), the Netherlands (107K units) and the United States (95K units) were the main destinations of instruments for measuring electrical quantities exports from the UK, with a combined 39% share of total exports.

From 2013 to 2024, the biggest increases were recorded for the United States (with a CAGR of +25.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for instruments for measuring electrical quantities exported from the UK were the United States ($31M), Germany ($28M) and the Netherlands ($26M), with a combined 46% share of total exports. Australia, India, China, France, Ireland, Italy, Saudi Arabia, Switzerland and Kuwait lagged somewhat behind, together accounting for a further 24%.

Kuwait, with a CAGR of +11.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for instruments for measuring electrical quantities stood at $225 per unit in 2024, with a decrease of -6.5% against the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 161,028%. As a result, the export price reached the peak level of $491 thousand per unit. From 2021 to 2024, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2024, amid the top suppliers, the country with the highest price was the United States ($331 per unit), while the average price for exports to Kuwait ($55 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.0%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform