The output of electrical equipment in Austria was valued at 10.03 Billion Euros in 2023. The forecasted data from 2024 to 2028 show a consistent decline: 9.45 Billion Euros in 2024, 9.09 Billion Euros in 2025, 8.8 Billion Euros in 2026, 8.57 Billion Euros in 2027, and 8.38 Billion Euros in 2028, reflecting a year-on-year decrease.
Year-on-year variations:
- 2024: -6%
- 2025: -4%
- 2026: -3.2%
- 2027: -2.6%
- 2028: -2.2%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately -3.5%, indicating that the industry is experiencing a gradual decline over this period.
Future trends to watch for include technological advancements, shifts in trade policies, and investment in renewable energy sectors which could either negatively or positively impact the output of electrical equipment in Austria.
