Key Market Indicators
The French electrical equipment market is projected to experience moderate growth in the coming years, with revenue expected to reach approximately €17.3 billion by 2028. This marks an increase from €16.5 billion in 2023 and represents a compound annual growth rate (CAGR) of 0.8%. However, the market has seen a slight decline of 0.5% annually since 2013. In 2023, France held the second position in the European market, trailing Germany, which also reported revenues of €16.5 billion. Italy and Spain followed France in the rankings, securing the third and fourth spots, respectively. On the export front, French electrical equipment shipments are forecasted to grow modestly. Exports are set to reach $45.7 billion by 2028, up from $44.4 billion in 2023, reflecting an average annual growth rate of 0.4%. Historical data shows a minimal increase in French exports, with a year-on-year growth of just 0.1% since 1999. Imports of electrical equipment into France are expected to rise more significantly. By 2028, imports are projected to hit $64.5 billion, compared to $60.8 billion in 2023. This indicates a yearly growth rate of 0.9%, consistent with the trend observed since 1999, during which French demand for electrical equipment has increased by the same rate annually.
