In 2023, the total hours worked in the Electrical Equipment sector in Germany stood at 704 million hours. The forecasted figures indicate a slight downward trend from 701 million hours in 2024 to 690 million hours by 2028. This represents a year-on-year decline of approximately 0.43% from 2024 to 2025, and a similar rate of decline through to 2028. The Compound Annual Growth Rate (CAGR) for this period suggests an average annual decline of around 0.48% from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of automation and technological advancements on workforce hours.
- The role of energy transition policies and their influence on employment within the sector.
- Shifts in global supply chains and demand which may affect labor requirements in Germany.
