The Electricity Distribution and Control Apparatus market in France has shown varied trends over the past decade. The market size value reached 4.155 billion Euros in 2023. Over the last two years, the market saw slight year-on-year contractions of 0.26% each year. The market's Compound Annual Growth Rate (CAGR) over the last 5 years stands at -1.24%. Historically, the market experienced both highs and lows, with notable growth in 2014 (22.17%) and sharp declines in 2019 (-7.47%) and 2020 (-2.79%). Looking forward, the market is forecasted to experience a mild contraction with a CAGR of -0.21% from 2023 to 2028.
Future trends to watch for include:
- Adoption of smart grid technologies
- Expansion of renewable energy sources requiring advanced control apparatus
- Regulatory changes and incentives for energy efficiency
- Technological innovations and digitalization in the electricity distribution sector
