In 2023, the Gross Value Added (GVA) of the Electrical Equipment Manufacturing sector in France was 6.38 billion euros. Forecasts predict a gradual decline from 2024 to 2028, with a modest year-on-year decrease in value: 1.11% in 2025, 1.28% in 2026, 1.14% in 2027, and 1.15% in 2028. The estimated Compound Annual Growth Rate (CAGR) over the entire forecast period is negative, indicating a consistent decrease in GVA over these years.
Future trends to watch for:
- Technological advancements and automation impact.
- Potential policy changes influencing manufacturing.
- Shift in global demand and supply chain issues.
- Increased focus on sustainable and renewable energy solutions.
- Impact of European regulations on electrical standards.
