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Electric Motor, Generator & Transformer Manufacturing in the UK - Market Research Report (2014-2029)

Thomas Weale Thomas Weale London, United Kingdom Last Updated: October 2024 SIC C27.110

Revenue

£4.1bn

2024-25

£4.1bn

Past 5-Year Growth

Profit

£XXX.Xm

Employees

20,296

Businesses

338

Wages

£XXX.Xm

Electric Motor, Generator & Transformer Manufacturing in the UK industry analysis

The electric motor, generator and transformer manufacturing industry has been expanding despite various challenges, with revenue set to climb at a compound annual rate of 1.3% over the five years through 2024-25 to reach £4 billion. The industry has faced hurdles in the name of the COVID-19 pandemic and a drop in energy usage amid the price hikes from the Russia-Ukraine war. However, to deal with high energy costs and a dip in global demand, many UK manufacturers are now self-generating power with modern, AI-infused generators that allow real-time monitoring and predictive maintenance. This move to internal power has enhanced energy management and production and catapulted sales. Notably, the manufacturing sector recorded product sales worth £456.1 billion in 2023, an improvement of 3.9% from 2022, according to the ONS and continues to expand in 2024-25. Government support has played its part by fuelling construction and transport activity, creating a ripple effect and enhancing demand for industry-related products to support project construction. The drive toward sustainability has nudged utility companies to modernise their power infrastructure, replacing outdated equipment with efficient versions, with revenue set to expand by 2.1% in 2024-25.

Trends and Insights

  • Advanced generators are empowering UK manufacturers. As an antidote to high energy costs and diminished global demand, manufacturers are leaning on new tech and AI-capable generators, enhancing energy efficiency and production and pushing sales higher in their sector.
  • The need for replacements pushes up generator sales. Companies in the construction and energy sectors are looking for new generators to swap out less-efficient and noisy models.
  • The South East's dense population benefits local manufacturers. It supports high demand from utility, residential construction and commercial companies, creating plenty of local sales opportunities.
  • Adapting to market needs is key to keeping up with the competition. Manufacturers must tailor their products to meet environmental regulations and consumer preferences, like by producing energy-efficient equipment, while making sure their prices are competitive.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated £4.1bn in 2024.

Trends and Insights

UK manufacturers integrate advanced generators to boost energy self-sufficiency

  • UK manufacturing companies have faced sky-high energy costs and reduced global demand in recent years forcing them to turn to internal power. OFCOM announced that the winter 2024-25 price cap is 41% higher than the winter 2021-22 cap.
  • Additional trends and insights available with purchase
Electric Motor, Generator & Transformer Manufacturing in the UK
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

The government plans to boost the manufacturing sector's contribution to GDP

  • To bump up the manufacturing sector's contribution to the economy, the government has plans to boost spending on R&D activities to equal 2.4% of GDP by 2027.

Biggest companies in the Electric Motor, Generator & Transformer Manufacturing in the UK

Company
Market Share (%)
2025
Revenue (£m)
2025
Caterpillar (UK) Ltd
631.0
Allam Marine Ltd
56.7
Brush Electrical Machines Ltd
35.4

To view the market share and analysis for all 6 top companies in this industry, view purchase options.

Products & Services Segmentation

Electric Motor, Generator & Transformer Manufacturing in the UK
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Generators, Motors and Transformers. Generators is the largest segment of the Electric Motor, Generator & Transformer Manufacturing in the UK.

Trends and Insights

The replacement of older generators supports sales

  • A generator set is a packaged combination of an engine and a generator together with ancillary devices such as control systems and circuit breakers to turn motion into electricity.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

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

What's included in this industry?

GeneratorsMotorsTransformers

Companies

Caterpillar (UK) LtdAllam Marine LtdBrush Electrical Machines Ltd

Purchase this report to view all 6 major companies in this industry.

Related Terms

GENERATORINVERTERELECTRIC MOTORTRANSFORMERALTERNATOR

Industry Code

SIC 2007

SIC 27.11 - Electric Motor, Generator & Transformer Manufacturing in the UK

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Advanced generators are empowering UK manufacturers. As an antidote to high energy costs and diminished global demand, manufacturers are leaning on new tech and AI-capable ge...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The need for replacements pushes up generator sales. Companies in the construction and energy sectors are looking for new generators to swap out less-efficient and noisy mode...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The South East's dense population benefits local manufacturers. It supports high demand from utility, residential construction and commercial companies, creating plenty of lo...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Adapting to market needs is key to keeping up with the competition. Manufacturers must tailor their products to meet environmental regulations and consumer preferences, like ...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Caterpillar starts seeing strong returns. Due to aggressive cost-cutting measures, efficient supply chain management and the end of restructuring costs.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Caterpillar (UK) Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Allam Marine Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Brush Electrical Machines Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for 3 additional companies

Detailed analysis

  • Description and key data for Caterpillar (UK) Ltd, and factors influencing its performance in the industry
  • Description and key data for Allam Marine Ltd, and factors influencing its performance in the industry
  • Description and key data for Brush Electrical Machines Ltd, and factors influencing its performance in the industry
  • Description, key data and performance trends for 3 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The AMPS backs electric power system manufacturers. It offers members industry certification, best practice sharing, technical expertise and government-level industry lobbyin...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Import competition picks away at profitability. Domestic manufacturers face strong competition from foreign producers that benefit from lower labour and overhead costs, eleva...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Liquidity Ratios (2018-2022)
  • Coverage Ratios (2018-2022)
  • Leverage Ratios  (2018-2022)
  • Operating Ratios (2018-2022)
  • Assets (2018-2022)
  • Liabilities (2018-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom in 2024?

The market size of the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom is £4.1bn in 2024.

How many businesses are there in the Electric Motor, Generator & Transformer Manufacturing in the UK industry in 2024?

There are 338 businesses in the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom, which has grown at a CAGR of 3.3 % between 2019 and 2024.

Has the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom grown or declined over the past 5 years?

The market size of the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom has been growing at a CAGR of 1.7 % between 2019 and 2024.

What is the forecast growth of the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom over the next 5 years?

Over the next five years, the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom is expected to grow.

What are the biggest companies in the Electric Motor, Generator & Transformer Manufacturing in the UK market in United Kingdom?

The biggest companies operating in the Electric Motor, Generator & Transformer Manufacturing market in United Kingdom are Caterpillar (UK) Ltd, Allam Marine Ltd and Brush Electrical Machines Ltd

What does the Electric Motor, Generator & Transformer Manufacturing in the UK in United Kingdom include?

Generators and Motors are part of the Electric Motor, Generator & Transformer Manufacturing in the UK industry.

Which companies have the highest market share in the Electric Motor, Generator & Transformer Manufacturing in the UK in United Kingdom?

The company holding the most market share in United Kingdom is Caterpillar (UK) Ltd.

How competitive is the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom?

The level of competition is high and increasing in the Electric Motor, Generator & Transformer Manufacturing in the UK industry in United Kingdom.

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Competitors

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Methodology

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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the UK include:

  • Office for National Statistics
  • Office for Budget Responsibility
  • Bank of England

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

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