The electrical equipment and electronics turnover in Denmark has demonstrated periodic fluctuations and moderate growth from 2013 to 2023. The value stood at 3.13 Billion Euros in 2023. Year-on-year variations have oscillated between positive and negative percentages, reflecting both market challenges and recovery phases. Notably, 2021 saw a sharp increase of 9.88%, followed by consistent but modest growth thereafter. The last five-year CAGR up to 2023 is 1.06%, indicating a steady, albeit slow, upward trajectory.
For the future, the forecast indicates a stable growth pattern with a 5-year forecast CAGR of 0.85% from 2024 to 2028, resulting in a turnover of 3.30 Billion Euros by 2028. Key trends to watch include advancements in smart technology, increasing investments in renewable energy, and Denmark’s robust focus on sustainability which are likely to drive the demand and innovation in the electrical and electronics sector.
