The electrical equipment manufacturing output in Finland underwent various fluctuations over the past decade, reaching a value of 6.32 billion Euros in 2023. From 2013 to 2023, the industry saw significant variability. The yearly increases and decreases reflected market conditions and external influences, with notable growths in 2017 (13.34%) and 2022 (17.45%), yet also declines in certain years, such as -2.39% in 2023. Over the last two years (2022-2023), the industry experienced large growth followed by a minor decline. The CAGR for the last five years stood at 3.5%, indicative of moderate overall growth.
Future trends to watch for include the potential for a steady rise in output, with forecasts suggesting an increase to 6.88 billion Euros by 2028, averaging a 1.36% per year growth rate. This suggests a stable yet conservative growth trajectory for the industry. Key factors will likely include technological advancements, economic conditions, and policy impacts.
