The number of researchers in the manufacture of electrical equipment in Finland reached 1.1 thousand in 2023. The trend over the past decade has shown fluctuations with some peaks and declines, with the overall number of researchers displaying a downtrend from 2018 onwards. The year-on-year variations achieved a positive growth of 1.73% in 2019, followed by a decline in subsequent years, reaching -1.34% in 2023. The compound annual growth rate (CAGR) over the last five years suggests a decline of 1.06%, reflecting a gradual reduction in the researcher count.
Looking forward, the forecast data indicates a continued decrease in the number of researchers through 2028, with a projected CAGR of -1.16% and an overall decline of 5.68%. This ongoing reduction could be attributed to various industry factors, including technological advancements, industry trends, and possible consolidation within the electrical equipment sector in Finland.
Future trends to watch for:
- Technological advancements and automation potentially reducing the need for full-time researchers.
- Shifts in industry focus and investment in research and development within Finland’s electrical equipment sector.
- Impact of global economic conditions on research funding and resource allocation.
- Policy changes affecting research incentives and support in the manufacturing sector.