Forecast: Production in Manufacture of Electrical Equipment Sector in Switzerland

The Manufacture of Electrical Equipment sector in Switzerland experienced a production value of 17.16 Billion Swiss Francs in 2023. The forecasted data indicates a declining trend over the next five years, with the production value projected to fall from 16.88 Billion Swiss Francs in 2024 to 15.74 Billion by 2028. Year-on-year variations highlight a consistent negative trend: a decrease of -1.72% from 2024 to 2025, -1.69% from 2025 to 2026, -1.78% from 2026 to 2027, and -1.75% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately -1.54%.

Future trends to watch for in the Manufacture of Electrical Equipment sector include:

  • Technological advancements and automation efforts that may influence production efficiency and costs.
  • Global supply chain disruptions or improvements, especially in the context of post-pandemic recovery.
  • Changes in regulatory and environmental standards impacting electrical equipment manufacturing processes and materials.
  • Market demand shifts due to the rise of renewable energy sources and electric vehicles.
  • Switzerland's trade relations and economic policies affecting export opportunities and foreign competition.

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