European Electrical Equipment Trends in 2024
Electrical Equipment is part of Manufacturing and includes a number of sub-sectors such as Turbine and Transformer. You may also be interested in Metal Manufacturing, Electronic Component and Molding.
The European electrical equipment market is projected to generate €153 billion in revenue by 2028, up from €153 billion in 2023. This represents a modest annual growth rate of 0.6%. Since 2019, the market has seen a more robust year-on-year growth of 3.8%. Leading the charge in 2023 was Germany, which topped the charts with €66 billion in electrical equipment revenue. France, Italy, and Spain followed as the second, third, and fourth largest markets, respectively. Notably, Bosnia and Herzegovina experienced a significant year-on-year increase of 11.1%, marking a standout performance in the region. In contrast, Belgium witnessed a decline, with revenues falling by 8.3% since 2019.
Top 10 countries
In 2024 major markets in the Electrical Equipment Industry were:
World Electrical Equipment Market Data and Forecasts
How much the Electrical Equipment industry is expected to grow to 2028?
World Electrical Equipment Top Rankings
Global Electrical Equipment Statistics
- Greenhouse Gas Emissions 223 countries (Asia, Europe, Southeast Asia...)
- Electrical Equipment Export 195 countries (Asia, Europe, Southeast Asia...)
- Electrical Equipment Import 198 countries (Asia, Europe, Southeast Asia...)
- Motor And Generator Import 191 countries (Africa, Sub-Saharan Africa, Asia...)
- Motor And Generator Export 188 countries (Asia, Africa, Sub-Saharan Africa...)
- Trade Balance 221 countries (Asia, Europe, Africa...)
- Number Of Employees 207 countries (Europe, Northern Europe, Southern Europe...)
- Electrical Equipment Production 97 countries (Europe, Northern Europe, Eastern Europe...)
- Employment Rate 233 countries (Europe, Northern Europe, Eastern Europe...)
- Industrial Equipment Import 192 countries (Africa, Sub-Saharan Africa, Asia...)
