Germany Electrical Equipment Industry Outlook 2022 - 2026

Key Market Indicators

Revenue from German electrical equipment is predicted to rise to €53.5 billion by 2026, up from €52.8 billion in 2021. This represents a yearly decrease of 0.4%. Since 2013, the German market has seen a decrease of 2.4% year on year. France, Italy and Spain came in second, third and fourth respectively in terms of market size. German electrical equipment exports are estimated to reach $185.5 billion by 2026, up from $169.2 billion in 2021, with a yearly average growth rate of 1.6%. Since 1996, German supply has seen an increase of 4.3% year on year. In 2021, South Korea came in second with exports of $169.2 billion, followed by the United States and Germany. Imports of German electrical equipment are expected to come in at $180.4 billion by 2026, up from $162.3 billion in 2021, with an average yearly growth rate of 1.8%. Since 1996, German demand has increased by 4.8% year on year. In 2021, the United States was the biggest importer at $162.3 billion, followed by Germany and Singapore.

Germany Electrical Equipment Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

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• Electric Transmission & Distribution Equipment: Analyzing Market Dynamics and Competitive Landscapes

  Growing demand for this segment stems predominantly from developing economies, where rapid urbanization and industrial expansion are forcing an augmentation in power infrastructure. Additionally, maturing power infrastructure in developed countries necessitates extensive renovation, thus contributing to boosted demand. Also, the Paris Agreement's targets to reduce greenhouse gas emissions are leading...

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• Motor and Generator Manufacturing: Sweeping Analysis of a Power-Driven Industry

  The global industry for motor and generator manufacturing is driven by several energizing variables. The increasing demand for energy-efficient motors and generators, a result of the heightened emphasis on sustainability and reduction of carbon footprints, has steered the sector into a trajectory of growth. Stricter emission laws and regulations, focusing...

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• Electricity Distribution and Control Apparatus: Key Developments in a Changing Landscape

  Constant tech innovations are impacting various industries, not the least of them being the Electricity Distribution and Control Apparatus realm. Advanced designs are now leveraging efficiencies in transferring power from sources to end users, reducing power loss and decreasing overall energy consumption. The introduction of smart grids and metering systems,...

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• Major Appliances: Exploring Global Trends and Innovations in Cooking and Food Preparation

  Our analysis begins with global trends in major appliances, particularly their influential factors. The pull of industry patterns is largely due to economic conditions and consumer preferences changing over time. For instance, as various societies become more affluent, the demand for higher-end, innovative appliances grows. Additionally, environmental concerns and increasing...

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