Electrical Equipment Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Electrical Equipment Industry

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?

Forecast: Global Export of Gas Turbine Engine
Forecast: Import of Electrical and Electronic Equipment to the EU
Forecast: Export of Electrical and Electronic Equipment from the EU
Forecast: Import of Electrical and Electronic Equipment to Germany
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Global Electrical Equipment Statistics

Global Electrical Equipment Industry Database