Key Market Indicators
The Dutch electrical equipment market is projected to generate approximately €1.6 billion in revenue by 2028, up from around €1.6 billion in 2023. This represents a modest compound annual growth rate (CAGR) of 0.4%. Since 2013, the Dutch market has experienced a slight decline, shrinking by 0.1% annually. In 2023, the Netherlands ranked 14th globally, with Hungary slightly ahead at €1.6 billion. France, Italy, and Spain occupied the second, third, and fourth spots, respectively. In terms of exports, the Dutch electrical equipment sector is expected to reach nearly $69 billion by 2028, compared to about $62 billion in 2023. This marks an annual growth rate of 1.8%. Since 1997, Dutch exports in this sector have seen a steady increase of 1.9% per year. On the import side, the Netherlands is set to see its electrical equipment imports climb to roughly $82 billion by 2028, up from approximately $72 billion in 2023. This growth translates to a 2.1% CAGR. Since 1997, Dutch imports in this category have risen by 2.3% annually.
