In 2023, Italy's electrical equipment and electronics output stood at 52.47 Billion Euros, reflecting a substantial recovery from the pandemic-induced dip of 36.72 Billion Euros in 2020. Over the last two years, the sector experienced year-on-year variations of an impressive 31.2% in 2021 and a moderate 7.71% in 2022. The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is forecasted at 1.62%, indicating steady growth with an overall increase of 8.39% over this period. Between 2013 and 2023, the sector's performance has fluctuated, characterized by both minor contractions and significant recoveries including notable growth in more recent years.
Future trends to watch for:
- Acceleration of digital transformation and increased investment in automation and IoT technologies.
- Growing emphasis on sustainability and energy efficiency, which could drive demand for advanced electrical equipment.
- Potential impact of geopolitical factors and supply chain disruptions, which could influence production capacities and costs.
- Expansion into emerging markets and global trade policies affecting export potentials.
