The number of self-employed people in the electrical equipment manufacturing sector in Spain has seen variability over the past decade. Starting from 1.5 thousand units in 2013, the figures showed fluctuations with a noticeable drop and periods of growth. In 2023, the value stood at 1.5 thousand units, showing a year-on-year increase of 7.14%. The Compound Annual Growth Rate (CAGR) over the last five years was 4.56%, indicating an overall positive trend despite previous declines.
The forecast from 2024 to 2028 predicts a stable trend with no significant year-on-year variations, maintaining at 1.5 thousand units. This suggests the sector may have reached stability after a period of fluctuation.
Future trends to watch for include potential impacts of technological advancements in manufacturing, policy changes affecting small businesses, and shifts in global market demands, which could influence the number of self-employed individuals in this sector.
