Year | Value (Million US Dollars) | YoY Variation (%) |
---|---|---|
2024 | 33.206 | N/A |
2025 | 34.331 | 3.38 |
2026 | 35.434 | 3.21 |
2027 | 36.514 | 3.04 |
2028 | 37.573 | 2.90 |
The Compound Annual Growth Rate (CAGR) over five years from 2024 to 2028 is approximately 3.13%.
Future trends to watch for include potential market consolidation, technological advancements in capacitor efficiency, and increased demand driven by Spain's renewable energy initiatives. Monitoring global supply chain stability and trade policies will also be crucial.