The forecast for total hours worked in the electrical equipment sector in Italy indicates a gradual decline over the forecast period. From 2024 to 2028, hours are expected to decrease from 252.69 million to 241.89 million, suggesting a consistent downward trend. This represents a year-on-year decrease of approximately 1% with a Compound Annual Growth Rate (CAGR) of -1.1% over these five years. In 2023, the sector was positioned slightly higher, marking a noticeable decline from that baseline.
Future trends to watch for include the impact of technological advancements in automation and efficiency, which could further reduce labor requirements. Additionally, economic factors such as shifts in the global supply chain and energy transition initiatives might influence workforce dynamics in the electrical equipment sector.
