The Electrical Equipment and Electronics output in Spain has shown steady growth from 2013 to 2023, with significant fluctuations. For the years 2022 and 2023, the year-on-year variations were 1.99% and 1.98% respectively, indicating stable growth. Over the past five years (2018-2023), the CAGR has been calculated at 1.07%. Looking ahead, the forecasted five-year CAGR (2024-2028) is 1.43%, with a total growth rate of 7.35%.
Future Trends to Watch: The industry is expected to benefit from advancements in green technologies and increased investments in R&D. Regulatory changes and digitalization will further shape the sector's growth. Monitoring these trends can provide significant insights into future market dynamics.
