The global market for goods in the electrical and digital industry came to a nominal EUR 4,967 billion in 2021. According to Jürgen Polzin, an expert from the German association ZVEI, the resulting growth of 10 % on the previous year reflects the strong recovery of the global electrical market after the first pandemic year. ZVEI also expects double-digit growth for the current year (+ 11 %), although this is likely to be due not least to the current inflation environment. In 2023, growth should then return to normal and reach 5 %.
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