Electrical equipment turnover in Finland experienced fluctuations between 2013 and 2023, peaking in 2014 with a notable 4.96% increase, followed by a significant decline of 6.73% in 2015. Over the past two years, the year-on-year variations have been modest, with 0.2% growth observed consecutively in both 2022 and 2023. The Compound Annual Growth Rate (CAGR) for the last five years (2019-2023) stands at 0.11%. In 2023, the turnover stood at 3.59 Billion Euros.
Forecasts from 2024 to 2028 show a stable but slow growth trajectory, with a forecasted 5-year CAGR of 0.15% and a total growth rate of 0.76%. Future trends to watch for include potential advancements in green energy and smart technology, which may drive demand for innovative electrical equipment, thus impacting turnover positively.
