Based on the forecasted data, the Electricity Distribution and Control Apparatus market in Belgium is expected to grow as follows:
- 2024: 1.0593 Billion Euros
- 2025: 1.0836 Billion Euros (+2.3%)
- 2026: 1.1076 Billion Euros (+2.22%)
- 2027: 1.1314 Billion Euros (+2.15%)
- 2028: 1.155 Billion Euros (+2.08%)
The Compound Annual Growth Rate (CAGR) over the next five years is estimated to be 2.188%.
Future trends to watch include advancements in smart grid technologies, increased demand for renewable energy sources, and regulatory changes favoring energy efficiency. These factors are likely to drive sustained growth in the Belgian electricity distribution and control apparatus market.
