Key Market Indicators
The revenue of the Czech electrical equipment sector is projected to reach approximately €7 billion by 2028, up from around €6.3 billion in 2023. This marks an average annual growth rate of 1.8%. The market has seen a steady increase of 2.4% annually since 2013. As of 2023, the Czech Republic ranks sixth in the market, having been surpassed by Austria, which also recorded €6.3 billion. Leading the rankings are France, Italy, and Spain, occupying the second, third, and fourth positions, respectively. In terms of exports, the Czech electrical equipment industry is anticipated to achieve $47 billion by 2028, compared to $41 billion in 2023, growing at an average rate of 2.3% per year. This sector has experienced a consistent annual growth rate of 2.5% since 1998. On the import side, the Czech Republic's electrical equipment imports are expected to reach nearly $46 billion by 2028, up from $39.5 billion in 2023, with an average annual growth rate of 2.4%. Since 1998, the demand for electrical equipment in the Czech Republic has risen by 2.3% per year.
