The output of electrical equipment in Denmark has experienced significant fluctuations from 2013 to 2023. In 2013, production decreased by almost 13%, followed by a gradual recovery, peaking at 20.07 billion Danish Krones in 2018. However, the market saw a sharp decline in 2020, dropping by nearly 16%. By 2021, output rebounded strongly with a 21.76% increase, reaching a stable growth trend through 2023 at 20.72 billion Danish Krones. Year-over-year variation from 2021 to 2023 was around 1%, while the 5-year CAGR averaged at 0.63%. Looking forward to 2028, the forecasted 5-year CAGR is 0.79%, reflecting modest but steady growth. Future trends to watch for include technological advancements, shifts in global demand, and economic policies impacting production and export capabilities.
