The forecast for Germany's import of isolating and make-and-break switches for a voltage of 1 kV and more, from 2024 to 2028, indicates a steady growth in volume. Starting from 5.1632 million kg in 2024, a consistent year-on-year growth is observed, reaching 5.5876 million kg by 2028. Comparing this to the base year, 2023, which registered a value of 5 million kg, the forecast shows moderate growth.
Key variations are as follows:
- 2024 vs 2023: 3.26% increase
- 2025 vs 2024: 2.12% increase
- 2026 vs 2025: 2.03% increase
- 2027 vs 2026: 1.95% increase
- 2028 vs 2027: 1.87% increase
This translates into a Compound Annual Growth Rate (CAGR) of 2.25% over the five-year period.
Future trends to watch include the impact of new energy policies in Europe, technological advancements in industrial automation, and any disruptions in trade policies. These factors could significantly influence demand dynamics in this sector.
