In 2023, the total hours worked in the electrical equipment sector in France stood at 114 million hours. The forecast indicates a gradual decline in this metric, with anticipated values of 111.71 million hours in 2024, decreasing yearly to 102.39 million hours by 2028. This represents a steady year-on-year decrease in the range of 2% to 2.3%, with the Compound Annual Growth Rate (CAGR) over the five-year period being approximately -2.13%.
Future trends to watch for in this sector include:
- Advancements in automation and AI, potentially reducing human hour requirements.
- EU energy transition policies influencing sector dynamics and efficiency needs.
- Focusing on innovation in renewable energy equipment could alter workforce demands.