In 2023, employment in the manufacture of electrical equipment sector in Italy stood at approximately 104,000 full-time equivalents. Forecasted data from 2024 to 2028 predicts a gradual decline, with employment figures projected to decrease from 102.26 thousand in 2024 to 92.81 thousand by 2028. The year-on-year percentage variations highlight consistent decreases: -2.34% for 2025, -2.43% for 2026, -2.41% for 2027, and -2.45% for 2028. The compounded average annual growth rate (CAGR) over this five-year period reflects a downward trend of -2.40%.
Future trends to watch for in this sector include advancements in automation and digital technology, which could further impact employment levels. Additionally, shifts towards renewable energy sources and sustainability could either drive new employment opportunities or require restructuring within the sector.
