The market for electrical equipment in France has experienced various fluctuations from 2013 to 2023. The turnover increased dramatically in 2017 by 44.81%, stabilizing and then slightly declining in subsequent years. By 2023, the turnover reached 16.47 billion euros. Over the past five years, the industry saw an average annual decline of 0.54%. However, recent annual growth trends indicate a modest recovery, with a 1.1% increase in 2023.
Looking ahead, the forecast predicts continuous growth, with the turnover expected to reach 17.34 billion euros by 2028, indicating a five-year CAGR of 0.81%. Key future trends to watch for include advancements in smart technology, increased energy efficiency regulations, and the growth of renewable energy sources impacting the demand for advanced electrical equipment.
