Key Market Indicators
Swedish Electrical Equipment Revenue is projected to decline to €2.6 billion by 2028, down from €3 billion in 2023. This represents an average annual decrease of 2.2%. The Swedish market has been shrinking at an annual rate of 3.8% since 2014. In 2023, Sweden ranked 11th in the global market, with Finland slightly ahead at €3 billion. France, Italy, and Spain occupied the 2nd, 3rd, and 4th positions, respectively. Swedish Electrical Equipment Export is expected to drop to $11.9 billion by 2028, from $13.2 billion in 2023. This marks a compound annual growth rate (CAGR) decline of 1.6%. Since 1997, the Swedish export supply has fallen by 2% year on year. On the import side, Swedish Electrical Equipment Import is set to rise to $20.7 billion by 2028, up from $19.7 billion in 2023. This indicates an average annual growth of 0.8%. Since 1997, Swedish demand for imports has increased by 0.6% annually.
