The electrical equipment manufacturing output in Denmark increased from 15.97 billion DKK in 2013 to 20.6 billion DKK in 2023. The period between 2013 and 2018 saw consistent annual growth, followed by a slight decline in 2019 and 2020. The most recent data leading up to 2023 reflect stability with modest year-on-year increases. Over the past two years (2022-2023), the growth rate hovered around 1.2%, and the 5-year CAGR to 2023 was 1.28%.
Future trends to watch for include technological advancements in manufacturing, the impact of sustainable energy policies, and global market demand fluctuations. The forecast indicates a steady but moderate growth, with a 5-year CAGR of 0.88% from 2024 to 2028, suggesting a 4.5% total increase over this period.
