The electrical equipment and electronics production value in Austria is expected to grow from 13.15 billion Euros in 2024 to 14.12 billion Euros in 2028. The production value in 2023 stood at 12.92 billion Euros. The year-on-year growth rates are as follows:
- 2024: 1.78%
- 2025: 1.90%
- 2026: 1.79%
- 2027: 1.76%
- 2028: 1.73%
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is 1.85%.
Future trends to watch for include advancements in green technology, shifts toward smart electronics, and the increasing demand for renewable energy solutions, which may further drive growth in this sector.
