The electrical equipment output in France has shown a fluctuating trend over the past decade. Notably, in 2023, the output stood at 20.16 billion Euros. Observing the period from 2013 to 2019, the annual variations hovered around small percentage changes with some negativity, but there was a significant drop in 2020 due to external economic shocks.
From 2021 onwards, the market showed a gradual recovery with a 4.07% increase in 2021 and steady growth up to 2023, a year that experienced a 1.98% year-on-year rise. Despite these recent uptrends, the compound annual growth rate (CAGR) over the last five years remained slightly negative, averaging -0.78%.
Looking ahead to forecasts, the output is expected to slightly decline with a projected 5-year CAGR of -0.41%, and a cumulative reduction of 2.01% by 2028. Future trends to watch for include technological advancements, shifts towards sustainable energy, and regulatory changes, which could significantly impact the market dynamics.
