The production of electrical equipment in France, expressed in Billion Euros, has shown fluctuations from 2013 to 2023. In 2023, the production stood at 21.07 Billion Euros. Over the past two years, there has been a modest increase, with year-on-year variations of 0.15% in 2022 and 0.14% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.096%, indicating a slight upward trend.
Looking ahead, forecasted data shows continuous but marginal growth, with the production value expected to reach 21.22 Billion Euros by 2028. The forecasted five-year CAGR is 0.12%, reflecting steady but slow growth, with a five-year growth rate of 0.59%.
Future trends to watch for include technological advancements in electrical equipment, shifts in regulatory environments, and potential fluctuations in global supply chains that could impact production dynamics. Additionally, increasing demand for energy-efficient and sustainable products may drive future growth.
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