From 2013 to 2023, the Manufacture of Electrical Equipment sector in the Netherlands has seen fluctuating growth patterns. The production value stood at €8.98 billion in 2023, marking a remarkable increase from €4.9 billion in 2013. Over this period, significant growth was observed in 2015 with a drastic 36.39% rise, followed by steady annual increases from 2016 onwards, though the expansion rate has tempered recently. The last two years saw stable growth with a year-on-year increase of 3% in 2023. Over the last 5 years, the CAGR averaged at 3.79%, indicating consistent upward momentum.
Looking ahead to 2028, the forecast suggests continued growth but at a decelerating rate, with a forecasted 5-year CAGR of 1.97% and a total growth rate of 10.22% over this period. This marks a more modest expansion compared to previous years.
Future trends to watch for include advancements in smart technologies, increased automation, and the adoption of sustainable manufacturing practices. These could drive further innovation and efficiency, potentially altering the growth trajectory of the sector.
