Germany's electrical equipment and electronics sector showed steady growth from 2013 to 2023, reaching €130.27 billion in 2023. Year-on-year variations ranged from -4% to 9.19%, indicating some volatility, particularly in recent years. The period from 2018 to 2023 saw a modest average growth rate of 1.24% annually, while the CAGR from 2019 to 2023 was -0.5%, suggesting a slowdown. Future forecasts predict a 0.92% CAGR over the next five years, with an anticipated growth rate of 4.67% by 2028. Key trends to watch include digital transformation, the integration of IoT, and shifts towards sustainable energy solutions.
