Between 2013 and 2023, the value added of electrical equipment in Sweden experienced fluctuations, with notable peaks in 2015 and significant declines in 2014 and 2020. By 2023, it stood at 21.56 billion SEK, reflecting a slight 0.34% year-on-year increase from 2022. Over the past five years, the compound annual growth rate (CAGR) was -0.9%, indicating a minor decline on average each year.
Looking ahead, the forecast from 2024 to 2028 predicts moderate growth with a projected CAGR of 0.27%. Future trends to watch include advancements in green technology, increased automation, and potential shifts in global supply chains that could influence this sector's growth trajectory in Sweden.
