The employment in the installation of industrial machinery and equipment sector in Norway was at 2.34 thousand Full-Time Equivalents (FTEs) in 2023. Observing the forecast from 2024 to 2028, a decreasing trend is evident:
- 2024: 2.3 (-1.71%)
- 2025: 2.26 (-1.74%)
- 2026: 2.22 (-1.77%)
- 2027: 2.18 (-1.80%)
- 2028: 2.14 (-1.83%)
The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is -1.75%, indicating a consistent average annual decrease.
Future trends to watch for include potential technological advancements and automation, which might reduce the need for human labor. Additionally, economic fluctuations and policy changes in Norway's industrial sectors could influence employment numbers.
