In 2023, the production of electricity supply or production meters in Spain stood at 416.95 thousand items. The data from 2013 to 2023 show significant fluctuations, with an initial steep incline until 2015 followed by a downward trend. Year-on-year variation peaked in 2014 at 78.13%, then declined in subsequent years, reaching -8.48% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was -4.4%, indicating an overall decrease in production volume.
Looking forward, the forecast from 2024 to 2028 suggests a continuing decline. The five-year CAGR is estimated at -17.52%, with a total drop of 61.83% by 2028. Future trends to watch for include technological advancements, regulatory changes, and shifts in energy consumption patterns which could influence the demand for electricity meters.
