In 2024, Germany dominates European production volumes of electrical equipment with €52.64 million, despite a slight year-on-year decrease of 0.66% in 2023. Italy follows with €19 million, showing a significant decline of 30% year-on-year. France holds €10.28 million, down 17% from 2023. Austria and Finland exhibit growth, with Austria increasing by 2.17% and Finland by 1.68%. The Netherlands has €3.78 million with a 0.93% rise, while Slovenia shows notable growth at 2.84% to reach €1.77 million. Belgium, Greece, and Estonia have mixed trends; Belgium decreased by 1.36%, Greece grew by 0.44%, and Estonia experienced significant growth at 3.69%, though it stands at €0.45 million.
Future trends to watch include the continuation of Germany's dominance, potential recovery in Italy and France, continued growth in Austria, Finland, and Slovenia, as well as emerging production capabilities in smaller markets like Estonia. Factors influencing these trends may include technological advancements, regulatory changes, and shifts in global demand for electrical equipment.
Top countries in Production Volumes of Electrical Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 52.64 | 2023 | +0.24% | -0.0066% | View data |
| 2 | 2 Italy | 19 | 2023 | -0.32% | -0.3% | View data |
| 3 | 3 France | 10.28 | 2023 | -0.11% | -0.17% | View data |
| 4 | 4 Austria | 7.18 | 2023 | +2.15% | +2.17% | View data |
| 5 | 5 Netherlands | 3.78 | 2023 | +0.94% | +0.93% | View data |
| 6 | 6 Finland | 2.85 | 2023 | +1.59% | +1.68% | View data |
| 7 | 7 Slovenia | 1.77 | 2023 | +2.54% | +2.84% | View data |
| 8 | 8 Belgium | 1.45 | 2023 | -2.61% | -1.36% | View data |
| 9 | 9 Greece | 0.6 | 2023 | -0.85% | +0.44% | View data |
| 10 | 10 Estonia | 0.45 | 2023 | +3.25% | +3.69% | View data |
