Key Market Indicators
The Greek electrical equipment market is projected to witness significant growth, with revenue expected to climb to approximately €447 million by 2028, up from around €364 million in 2023. This marks an average annual growth rate of 3%. Since 2013, the sector has experienced an impressive annual increase of 9.6%. In 2023, Greece ranked 26th globally, trailing behind Serbia, which also reported €364 million in revenue. Leading the European market in this sector were France, Italy, and Spain, occupying the second, third, and fourth positions, respectively. On the export front, Greece's electrical equipment exports are forecasted to reach about $1.38 billion by 2028, rising from $1.30 billion in 2023, with an average annual growth rate of 0.9%. Historical data since 1993 indicates that Greek exports have grown by 2% annually. In terms of imports, Greece's demand for electrical equipment is set to increase marginally. By 2028, imports are expected to total around $3.47 billion, up slightly from $3.42 billion in 2023, reflecting an annual growth rate of 0.2%. However, since 1993, the demand has seen a slight annual decline of 0.1%.
