The following data represents the forecasted employment in the electrical equipment sector in Belgium, expressed in million hours:
- 2024: 22.11 million hours
- 2025: 21.98 million hours (-0.59%)
- 2026: 21.88 million hours (-0.46%)
- 2027: 21.80 million hours (-0.37%)
- 2028: 21.73 million hours (-0.32%)
The forecast shows a steady decline in employment hours over the next five years, with a Compound Annual Growth Rate (CAGR) of approximately -0.34%.
Future Trends to Watch
Increasing automation and efficiency improvements in the electrical equipment sector may continue to impact employment negatively. Additionally, shifts towards renewable energy solutions could drive demand for specialized skills, potentially mitigating some job losses.
