In 2023, the employment in the electrical equipment sector in France was recorded at 74,000 persons. The forecasted data from 2024 to 2028 suggest a declining trend in employment numbers. A year-on-year decrease is anticipated with a -2.78% drop from 2024 to 2025, -1.43% from 2025 to 2026, -2.90% from 2026 to 2027, and -1.49% from 2027 to 2028. This trend results in a Compound Annual Growth Rate (CAGR) of approximately -2.22% for the 5-year period from 2024 to 2028.
Future trends to watch for:
- Automation and technological advancements potentially impacting workforce requirements.
- Policy changes in renewable energy and their influence on electrical equipment demand.
- Global economic conditions affecting exports and overall sector growth.