The value-added of electrical equipment in Italy has shown significant fluctuation over the past decade. From 2013 to 2019, the sector experienced alternating periods of growth and decline. A notable drop occurred in 2020, attributed to the impacts of COVID-19, followed by a remarkable recovery in 2021.
For the year 2023, the value stood at 11.76 Billion Euros, marking a modest year-on-year increase. Over the past two years, the sector demonstrated resilience with positive growth rates. The five-year CAGR leading up to 2023 showed an average annual growth of 0.85%.
Looking ahead, forecasted data from 2024 to 2028 suggest a steady but slow growth with a five-year CAGR of 0.56% and an overall five-year growth rate of 2.82%. Future trends to watch for include advancements in green energy solutions, increased automation, and potential economic fluctuations that could impact industrial demand.
