The sold production of installation services of electrical equipment in Austria has shown significant variation over the years. Starting from a value of 670.77 million Euros in 2013, the market saw a notable increase, reaching 986.7 million Euros by 2023. Despite a few fluctuations, including a dip in 2020 due to economic impacts (-15.87% year-on-year), the general trend has been upward, highlighted by a 7.85% increase from 2022 to 2023.
Looking ahead, forecast data indicate continued growth, with the sector expected to reach 1,189.8 million Euros by 2028, corresponding to a 5-year CAGR of 2.96%. This reflects an overall forecasted growth rate of 15.73% from 2024 to 2028.
Key future trends to watch include advancements in smart grid technology, increased adoption of renewable energy sources, and ongoing digitalization and automation within the industry. These factors are likely to drive demand and innovation in electrical equipment installation services.
