The number of employees in the Repair of Electrical Equipment sector in Finland has exhibited a fluctuating trend between 2013 and 2023. Over the last two years, the sector observed positive growth with a year-on-year variation of 2.24% in 2022 and 2.19% in 2023, bringing the number of employees to 326 in 2023.
Analyzing the long-term trend, the sector has grown with a compound annual growth rate (CAGR) of 5.12% over the past five years. Despite some yearly declines, such as the -6.87% in 2021, the overall trend points towards a positive trajectory.
Forecasts from 2024 onwards predict a steady increase in employment, with the number of employees expected to reach 361 by 2028, reflecting a 5-year CAGR of 1.63%, translating to an 8.41% total growth rate over this period.
Future trends to watch for:
- Technological advancements and automation may influence job roles and potentially reduce headcount growth.
- Increasing demand for sustainable and renewable energy solutions may drive skill diversification in the sector.
- Evolving regulatory environment and continuous need for upskilling in response to technological changes could impact employment trends.