LOS ALTOS, CA -- Most regions are facing declining electronics equipment demand in 2013, a new report says.

Henderson Ventures said prospects for the equipment industry have "dimmed considerably" over the past few months on sour economic news, inventory accumulation and general fiscal restraint.

Production in China and the Four Tigers (Taiwan, South Korea, Singapore, and Hong Kong) will offset declining demand elsewhere, but overall worldwide sales are expected to rise a tepid 1.4% this year. China expects to grow 3.1%, while the Four Tigers will rise 4.3%, Henderson wrote in his monthly newsletter.

Economic momentum in 2014 and 2015 will boost equipment production to a 6.7% growth rate in 2015, led by China at 8.2%, the analyst said.

The US is forecast to fall 3.2% this year, continuing a three-year down streak, before growing 2.7% in 2014 and and 4.7% in 2015, Henderson predicts.

Western Europe will fall 3.8% in 2013, then rebound 2.3% and 3.6% in 2014 and 2015, respectively.