Key Market Indicators
Revenue from Irish electrical equipment is expected to reach €1.2 billion by 2026, up from €983 million in 2021. This growth represents an average annual increase of 3.4%. Since 2013, the Irish market has grown by 15.7% each year. In 2021, Ireland ranked 18th, with Romania ahead at €983 million. France, Italy and Spain were numbers 2, 3 and 4, respectively. Irish electrical equipment imports are forecast to reach $5.5 billion by 2026, down from $5.5 billion in 2021. This represents an average annual decrease of 0%. Since 1997, demand for these items in Ireland has risen by 1.8% each year. In 2021, the country ranked 44th, with Ukraine at $5.5 billion. The United States, Germany and Singapore were numbers 2, 3 and 4, respectively. Exports of Irish electrical equipment are set to reach $9.8 billion by 2026, up from $9.2 billion in 2021. This growth translates to an average annual increase of 1%. Since 1997, the supply of these items in Ireland has decreased by 1.3% each year. In 2021, Denmark was ahead at $9.2 billion and Ireland ranked 29th. South Korea, the United States and Germany were numbers 2, 3 and 4, respectively.
