In 2023, Germany led the EU with an electric power industry valued at 476.86 billion euros, significantly outperforming other nations. Italy and France followed, with industries valued at 80.07 and 76.49 billion euros, respectively. The UK and Spain were further behind, at 47.4 and 45.06 billion euros. Belgium, Switzerland, Austria, the Czech Republic, and Poland comprised the remainder with smaller industry values.
Future trends to watch include:
- Acceleration in renewable energy investments, particularly in Germany, Italy, and France.
- EU regulations propelling innovation in clean technologies and grid modernization.
- The impact of geopolitical factors and energy policies on the UK’s electric power market.
- Continual expansion and integration of renewable sources across Europe boosting the market.
Top countries in Top EU Countries with the Largest Electric Power Industry
| # | 10 Countries | Million Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Germany | 476,860 | 2016 | |
| 2 | 2 Italy | 80,070 | 2016 | |
| 3 | 3 France | 76,490 | 2016 | |
| 4 | 4 United Kingdom | 47,400 | 2016 | |
| 5 | 5 Spain | 45,060 | 2016 | |
| 6 | 6 Belgium | 29,280 | 2016 | |
| 7 | 7 Switzerland | 28,330 | 2016 | |
| 8 | 8 Austria | 21,820 | 2016 | |
| 9 | 9 Czech Republic | 21,730 | 2016 | |
| 10 | 10 Poland | 16,380 | 2016 |
