From 2013 to 2016, production volumes of electrical equipment in Belgium exhibited a declining trend with an average annual decrease, with 2016 seeing the sharpest drop (-16.01%). Some recovery was noted in 2017 and 2019. However, the severe reduction during 2020 (-21.67%) was followed by fluctuations. The production forecast from 2023 to 2028 shows a continued decline, with a CAGR of -2.39%, indicating an overall decrease of 11.41%.
Future trends to watch include potential impacts of technological advancements, policy changes, and shifts towards sustainable energy solutions. Exploring innovations and investments in renewable energy can play a crucial role in mitigating the downtrend.
