The turnover in the manufacture of electrical equipment sector in Switzerland stands at CHF 16.58 billion in 2024, down from CHF 16.58 billion in 2023. Forecast data indicates a declining trend, with turnovers of CHF 16.28 billion, CHF 15.98 billion, CHF 15.68 billion, and CHF 15.39 billion for the years 2025 to 2028, respectively. The year-on-year variation reveals a consistent annual decrease of approximately 1.8%. The Compound Annual Growth Rate (CAGR) over the next five years is projected to decline at an average rate of 1.9% per year.
Future trends to watch for:
• Technological advancements and automation in manufacturing processes could negatively impact turnover.
• Fluctuating energy prices and raw material costs might play a significant role.
• Regulatory changes and sustainability initiatives could also shape the industry's future.
• Competitive pressures from global markets may influence local manufacturing dynamics.
