As of 2023, the electrical equipment sector in Austria employed 46.8 thousand individuals. Projected data indicates steady growth, with employee numbers expected to rise to 47.21 thousand in 2024, 47.62 thousand in 2025, 48.02 thousand in 2026, 48.41 thousand in 2027, and 48.8 thousand in 2028. The year-on-year growth rates over 2025 and 2026 are 0.87% and 0.84%, respectively. Over five years, the Compound Annual Growth Rate (CAGR) is approximately 0.84%.
Future trends to watch for include increased automation and digitalization within the sector, which may influence employment figures. Also, monitor any shifts in global supply chains and Austria’s economic climate that could impact hiring in the electrical equipment industry.