In 2023, the employment in the manufacture of electric motors, generators, transformers, and electricity distribution and control apparatus sector in Brazil stood at 51.32 thousand employees. The forecasted data from 2024 to 2028 shows a consistent decline in employment figures year-on-year. In 2024, the employment is expected to drop to 49.95 thousand. The following years show a decrease of 2.68% in 2025, 2.67% in 2026, 2.70% in 2027, and 2.72% in 2028. The compound annual growth rate (CAGR) over the period from 2023 to 2028 is -2.61%.
Future trends to watch for:
- Automation and technological advancements potentially impacting employment levels further.
- Policy changes and incentives for renewable energy and electric infrastructure development.
- Global economic conditions and international trade agreements influencing the sector's demand.