Germany dominates the European production of electrical equipment, with a significant share of the market, amounting to 46.92 million euros. Italy and France follow, with values of 17.03 and 8.97 million euros, respectively. Notable year-on-year growth in 2023 was observed in Slovakia, Slovenia, and Estonia, with increases of over 3%. Conversely, Belgium experienced a decline of 0.24%. Over the past five years, Austria, Finland, and Ireland saw substantial average annual growth rates. The data indicate a concentrated market with significant regional disparities.
Future trends to watch include:
- Further exploration of technological advancements is expected to boost growth, particularly in the smaller countries which are currently experiencing high growth rates.
- Germany's dominance may challenge smaller players seeking to increase their market share.
- Increased interest in green energy technologies is likely to impact production and investment across Europe.
Top countries in Production of Electrical Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.92 | 2023 | +0.69% | +0.13% | View data |
| 2 | 2 Italy | 17.03 | 2023 | +0.25% | +0.24% | View data |
| 3 | 3 France | 8.97 | 2023 | +0.14% | +0.096% | View data |
| 4 | 4 Spain | 8.04 | 2023 | +0.97% | +0.37% | View data |
| 5 | 5 Austria | 6.38 | 2023 | +2.4% | +2.39% | View data |
| 6 | 6 Netherlands | 3.52 | 2023 | +1.66% | +1.7% | View data |
| 7 | 7 Finland | 2.5 | 2023 | +1.96% | +1.97% | View data |
| 8 | 8 Slovakia | 1.9 | 2023 | +2.7% | +3.17% | View data |
| 9 | 9 Slovenia | 1.54 | 2023 | +2.74% | +3.04% | View data |
| 10 | 10 Belgium | 1.38 | 2023 | -1.25% | -0.24% | View data |
