As of 2023, the sold production of electricity distribution and control apparatus in France stood at 4.9203 billion euros. According to the forecasts, this figure is set to grow steadily year-on-year, reaching 5.2374 billion euros by 2028. This constitutes a compound annual growth rate (CAGR) of approximately 1.58% over the five-year forecasted period from 2024 to 2028, indicating a moderate but consistent growth trend in the industry.
Future trends to watch for include:
- Technological advancements in smart grid technologies, which could drive higher demand.
- Regulatory changes or government investments in infrastructure might impact growth positively or negatively.
- Shifts in energy policies, particularly towards renewable energy, could influence the types of apparatus needed.