The production of electrical equipment in Switzerland was recorded at 22.2 billion Swiss Francs in 2023. As we move into the forecasted period from 2024 to 2028, the production value shows a steady increase.
- 2024: 22.52 billion Swiss Francs, showing a year-on-year increase of approximately 1.4% from 2023.
- 2025: 22.66 billion Swiss Francs, with a further increase of about 0.6% from the previous year.
- 2026: 22.8 billion Swiss Francs, indicating a 0.6% rise from 2025.
- 2027: 22.94 billion Swiss Francs, marking a 0.6% growth from 2026.
- 2028: 23.07 billion Swiss Francs, accounting for a 0.6% increase from 2027.
Overall, the compound annual growth rate (CAGR) for the period 2024-2028 is projected at approximately 0.8%. This indicates a slow but consistent upward trend in the production of electrical equipment in Switzerland.
Future trends to watch for include technological advancements in electrical equipment, shifts in global supply chains, and policy changes impacting manufacturing. Monitoring these trends could provide further insights into potential accelerations or decelerations in production growth.
