The European Electrical Equipment Manufacturing sector saw Germany dominating with a Gross Value Added of 46.45 billion euros in 2023. Spain, although significant, reported a negative growth, whereas Finland and Slovakia showed notable growth at 2.73% and 3.51% respectively. Smaller countries like Cyprus and Malta demonstrated healthy growth rates at 2.46% and 5.96%. Year-on-year trends indicated promising developments in Croatia and Estonia with increases of 9.67% and 4.32% respectively.
Future trends to watch include Germany’s continued dominance, potential recovery in Spain’s sector, and growing contributions from smaller economies. The focus on innovation and sustainability might also steer market shifts and growth across Europe.
Top countries in Electrical Equipment Manufacturing Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46,450 | 2023 | +1.13% | +0.36% | View data |
| 2 | 2 Spain | 4,670 | 2023 | +0.95% | -0.14% | View data |
| 3 | 3 Finland | 2,000 | 2023 | -2.1% | +2.73% | View data |
| 4 | 4 Slovakia | 1,190 | 2023 | -2.86% | +3.51% | View data |
| 5 | 5 Portugal | 712.74 | 2023 | +0.018% | +1.93% | View data |
| 6 | 6 Ireland | 475.59 | 2023 | +0.028% | +1.79% | View data |
| 7 | 7 Croatia | 456.21 | 2023 | +10.54% | +9.67% | View data |
| 8 | 8 Estonia | 249.28 | 2023 | +3.21% | +4.32% | View data |
| 9 | 9 Malta | 29.63 | 2023 | +12.04% | +5.96% | View data |
| 10 | 10 Cyprus | 14 | 2023 | +2.19% | +2.46% | View data |
