In Sweden, the production of electrical equipment has experienced both fluctuations and steady growth over the past decade. After a dip in 2014, production rose significantly in 2015, followed by a minor decline in 2016. Notable growth occurred between 2017 and 2019, with 2018 maintaining stability. The sector faced a substantial drop in 2020 but rebounded sharply in 2021, continuing with moderate increases through 2023.
As of 2023, the production value stood at 71.24 billion Swedish Kronas. Over the last two years, the year-on-year variation was 1.02% in 2022 and 0.99% in 2023. For the last five years, the Compound Annual Growth Rate (CAGR) was 0.72%. Future projections indicate a steady annual growth rate with a five-year forecast CAGR of 0.79% and an overall growth rate of 4.01% by 2028.
Future trends to watch for include advancements in smart technologies and an increased focus on sustainable and energy-efficient electrical equipment. Additionally, global supply chain dynamics and innovation in the sector may significantly influence production volumes and values in the coming years.
