Key Market Indicators
Revenue from Swiss electrical equipment is projected to decline modestly to €4.2 billion by 2028, down from €4.4 billion in 2023. This represents an average annual decrease of 0.7%. Despite this recent downturn, the Swiss market had been experiencing growth at an average rate of 1.5% per year since 2014. Switzerland ranked eighth in the global market for electrical equipment in 2023, with the United Kingdom leading the pack at €4.4 billion. France, Italy, and Spain followed in the second, third, and fourth spots, respectively. In terms of imports, Swiss electrical equipment is expected to see a slight increase, reaching approximately $16 billion by 2028, up from $15.2 billion in 2023. This reflects an average annual growth rate of 0.8%. Historically, Swiss demand for electrical equipment has risen by 0.5% annually since 1993. On the export front, Swiss electrical equipment is anticipated to grow to $13.3 billion by 2028, compared to $12.9 billion in 2023, equating to a 0.4% compound annual growth rate (CAGR). Since 1993, Swiss exports in this sector have seen a modest annual increase of 0.1%.
