The output of electrical equipment in Germany has seen variable growth over the last decade. Notable fluctuations include a peak in 2017 with a 4.76% increase and a modest 0.77% rise in 2022. In 2023, the output stood at 111.8 billion euros, showing a 0.76% increase from the previous year. The compound annual growth rate (CAGR) over the past five years was 0.48%. Future projections indicate a steady increase, with an expected 2028 output of 115.88 billion euros, reflecting a forecasted 5-year CAGR of 0.57%.

Future trends to watch for:

The transition to renewable energy sources may drive demand for new electrical equipment.
Technological advancements such as IoT and smart grid technology could further boost output.
Global economic conditions and supply chain disruptions should be monitored as potential risk factors.
Regulatory changes and government incentives could significantly impact the sector's growth.