In 2023, the electrical equipment production value in Switzerland stood at 4.33 billion Euros. Forecasts indicate a gradual decline over the next five years, reaching 4.08 billion Euros by 2028. This represents a year-on-year decrease of approximately 1.2% from 2023 to 2024 and a consistent decline of around 1.2% annually through to 2028. The five-year CAGR from 2023 to 2028 is estimated at -1.2%, signaling a steady trend of reduced production value.
Future trends to watch for include potential influences from advancements in technology, shifts in global demand, changes in trade policies, and the impact of sustainability initiatives. Monitoring these factors may offer insights into the variability of the forecasted declines and potential opportunities for growth or stabilization in the sector.
