03
Dec

Electrical industry by the end of the year and up to 2021/2022

After our latest research in the various countries, we would like to briefly summarize the results as follows: Depending on the respective countries and product categories, exports in the industry will fall between 8 and 15% by the end of the year. With the loosening of the restrictive restrictions there was a recovery almost everywhere in the summer months, but from September onwards there was a clear slowdown. However, it must also be said that the numbers are less pessimistic than the ones forecast by the institutes at the beginning of the pandemic.

There will be a recovery in the electrical sector from the middle of next year (2021). Only from 2022 will the numbers show a certain constancy again without likely reaching the level of the pre-pandemic years.

When it comes to house building in Germany, the installation companies can hardly save themselves from orders. No wonder, since last year, with the construction of approx. 300,000 apartments, an absolute high of the last 20 years was reached, which in turn has benefitted the electrical industry with its diverse products.

In this context, we received a message from the United Arab Emirates (UAE) in the last few days, that Abu Dhabi was planning a real estate package worth USD 1.4 billion (EUR 1.2 billion), for loans, houses and estate. In addition, small and medium-sized enterprises (SMEs) should receive much more support in the future in order to make it easier for them to restart after the pandemic.