In 2023, the sold production of plugs and sockets for printed circuits for a voltage less than 1 kV in Germany was approximately 10.42 billion items. This segment is projected to see consistent growth over the coming years.
- From 2024 to 2025, the forecasted year-on-year increase is 2.71%.
- From 2025 to 2026, the projected growth is 2.62%.
- The increase from 2026 to 2027 is expected to be 2.53%.
- The forecast predicts a 2.43% increase from 2027 to 2028.
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated at around 2.64%, indicating steady growth in demand.
Future trends to watch include advancements in printed circuit technology, the push for more sustainable electronics, and regulatory changes focusing on electronics safety and efficiency, which could impact production and demand dynamics in the German market. Stay observant of how these factors could accelerate or decelerate market trends.
