In 2023, the value added of electrical equipment in Austria stood at 6.21 billion Euros. The forecasted values from 2024 to 2028 show a consistent upward trend, with respective values of 6.34, 6.48, 6.62, 6.76, and 6.89 billion Euros.
The year-on-year growth rates are as follows:- From 2023 to 2024: 2.1%- From 2024 to 2025: 2.2%- From 2025 to 2026: 2.2%- From 2026 to 2027: 2.1%- From 2027 to 2028: 1.9%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.1%.
Future trends to watch for include the integration of advanced technologies such as AI and IoT in electrical equipment, increased demand for sustainable and energy-efficient products, and potential impacts of global supply chain dynamics on production and value addition.
