Electrical equipment and electronics production value in Spain experienced notable fluctuations from 2013 to 2023. After reaching 16.59 billion Euros in 2017, the sector started to experience a downward trend, particularly exacerbated by a sharp decline in 2020 due to global disruptions. By 2023, the value stood at 15.24 billion Euros, marking a 3.03% year-on-year decrease. The compound annual growth rate (CAGR) over the last five years was -3.07%, reflecting a consistent decline.

Future projections indicate a continuing downward trend, with forecasted production values declining to 11.32 billion Euros in 2028. The forecasted five-year CAGR stands at -4.75%, equating to an overall reduction of 21.6% over this period.

Future trends to watch for:

Adoption of advanced technologies and automation to increase efficiency.
Impact of global supply chain shifts and new trade policies.
Investment in renewable energy and sustainable practices could alter market dynamics.
Effect of digitalization and Industry 4.0 on production processes.