From 2013 to 2023, the production of electrical equipment in Germany showed moderate fluctuations. While there were some dips, such as in 2015 and the significant decline in 2020 due to external factors, the overall trend was generally positive, with several periods of recovery and growth. Notably, between 2020 and 2021, the sector rebounded dramatically with a 21.36% increase. By 2023, the production value stood at 110.18 billion Euros, reflecting steady growth since 2021. Over the last five years, the Compound Annual Growth Rate (CAGR) was 0.13%, indicating a gradual upward trajectory.
Looking forward, the forecasted data suggests continued stability and modest growth. The five-year forecasted CAGR is 0.56% by 2028. Key trends to watch include the adoption of renewable energy technologies, advancements in automation and digitalization, and potential impacts of global supply chain dynamics. These factors could significantly shape production patterns in the electrical equipment sector.
