The electrical equipment and electronics output in the Netherlands experienced steady growth from 2013 to 2023. In 2023, the output stood at 10.74 billion euros, boasting a year-on-year increase of 4.9%. Notably, the last two years saw robust growth with 11.46% in 2022 and 13.45% in 2021. The compound annual growth rate (CAGR) over the last five years (2019-2023) was 7.21%, reflecting a strong upward trajectory.

Future trends to watch for:

Continued growth with a forecasted 5-year CAGR of 3.25% from 2024-2028.
Impact of technological advancements and automation in boosting output.
Potential influences of global economic conditions and supply chain disruptions.