The turnover of electrical equipment in Denmark is projected to increase from 2024 to 2028. In 2023, the turnover was 1.60 billion euros. Forecasted values indicate a steady year-on-year growth: 1.63 billion euros in 2024, 1.66 billion euros in 2025, 1.68 billion euros in 2026, 1.71 billion euros in 2027, and 1.73 billion euros in 2028. This represents incremental growth each year.
Year-on-year percentage variations:
- 2023 to 2024: +1.88%
- 2024 to 2025: +1.84%
- 2025 to 2026: +1.20%
- 2026 to 2027: +1.79%
- 2027 to 2028: +1.17%
CAGR over the five years from 2024 to 2028 is approximately 1.46%, reflecting a consistent upward trend in market growth.
Future trends to watch for include advancements in energy-efficient technologies, increasing industrial automation, and the potential impacts of European Union regulations on electrical equipment standards. These factors could influence market dynamics and growth rates further.