The output of electrical equipment in the Netherlands has experienced varying growth trends over the past decade. From 2013 to 2014, there was a decline in output, followed by a significant jump of 25.9% in 2015. The following years saw steady increases, peaking in 2019. However, 2020 witnessed a sharp decline of 14.92%, likely due to pandemic-related disruptions. A strong recovery in 2021 with a rise of 23.29% was recorded, and this momentum continued with moderate growth in the subsequent years, standing at 8.48 billion euros in 2023.
For the future, the forecast indicates a steady upward trend with a cumulative average growth rate (CAGR) of 1.63% over the next five years. The output is projected to reach 9.41 billion euros by 2028, reflecting an overall growth rate of 8.45% during this period.
Future trends to watch for include advancements in green technology, increased investment in smart grid infrastructure, and the impact of global supply chain changes post-pandemic. These factors will likely play a crucial role in shaping the output of electrical equipment in the Netherlands.
