Key Market Indicators
**Finnish Electrical Equipment Market Forecast: Modest Growth in Revenue, Decline in Exports** The Finnish electrical equipment market is projected to see modest revenue growth over the next five years. By 2028, revenue is expected to reach €3.62 billion, up from €3.59 billion in 2023, marking a slight annual growth rate of 0.2%. This continues the trend observed since 2013, where the market has grown at an average rate of 0.1% per year. In 2023, Finland ranked 10th in the global market, with Poland overtaking it at €3.59 billion. France, Italy, and Spain occupied the second, third, and fourth spots, respectively. However, the outlook for Finnish electrical equipment exports is less optimistic. Exports are anticipated to decline to approximately $3.27 billion by 2028, down from $4.57 billion in 2023, representing an average annual decrease of 5.3%. This downward trend has been ongoing since 1993, with a yearly decline of 6.1%. On the import side, the Finnish electrical equipment market is relatively stable. Imports are expected to slightly decrease to around $7.02 billion by 2028, from $7.02 billion in 2023, showing virtually no change year on year. Since 1993, the demand has decreased by an average of 0.9% per year.
