Analysis of the electrical equipment market turnover in the Netherlands reveals a value of 1.57 Billion Euros in 2023. From 2013 to 2023, the market experienced fluctuations, peaking in 2018 at 1.58 Billion Euros. Notable year-on-year changes included an 18.85% increase in 2016 and a 9.65% rise in 2018. However, recent years have shown stability with minimal variance, like the steady 0.52% growth from 2021 to 2023. The compound annual growth rate (CAGR) from 2018 to 2023 averaged -0.095%.
Looking forward, forecasted data suggest a gradual rise, reaching 1.61 Billion Euros by 2028, with a 5-year CAGR of 0.39% and an overall growth rate of 1.96%. Over the next five years, observe emerging technologies, green energy initiatives, and potential economic fluctuations affecting market dynamics. The market is poised to maintain steady growth, driven by innovation and sustainable practices in the electrical sector.
