The forecast for sold production of electricity distribution or control apparatus parts in Italy indicates a steady increase. From the actual production value in 2023 of 26.595 million items, the forecast predicts growth to 28.544 million items in 2024, escalating each year to reach 37.219 million items by 2028. The year-on-year growth rates are projected at approximately 7.7% from 2024 to 2025, 7.1% from 2025 to 2026, 6.6% from 2026 to 2027, and 6.1% from 2027 to 2028. This consistent upward trend results in a five-year Compound Annual Growth Rate (CAGR) of approximately 8.3%.
Future trends to watch for include:
- Increased demand due to expanded renewable energy installations.
- Technological advancements enhancing efficiency and functionality.
- Potential regulatory changes impacting manufacturing standards.
