In 2023, employment in Italy's electrical equipment sector stood at approximately 120.7 thousand units. From 2024 to 2028, forecasted data suggests a gradual decline in employment, with figures decreasing from 119.6 to 115.1 thousand units. The sector experiences a year-on-year decrease, averaging around 1% annually over this period, implying a slight but steady downtrend. The compound annual growth rate (CAGR) points to a shrinkage of approximately 1% per year from 2024 to 2028.
Future trends to watch for include the increasing automation in production processes, which may further impact job numbers. Additionally, shifts towards sustainable energy solutions and digitalization could create new roles and transform existing ones within the sector.
