From 2013 to 2023, the electrical equipment production value in Belgium experienced significant fluctuations, with a peak in 2013 at 1.03 billion euros and a subsequent decline to 0.4509 billion euros in 2023. The largest yearly decrease occurred in 2015 (-30.49%), with another notable drop of -15.25% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years stands at -8.51%, indicating a consistent downward trend.

Future trends to watch for:

Continuation of the downward trend, with a forecasted CAGR of -20.85% over the next five years, resulting in a production value of 0.119 billion euros by 2028.
New technological advancements or policy changes that might stem the rapid decline.
Potential market disruptions or innovations within the electrical equipment sector that could influence production value.