In 2023, Spain led the European Electrical Equipment Production Index with a value of 15.51, closely followed by Greece at 15.03, and Lithuania at 14.9. Italy registered 13.08, whereas Germany and France recorded lower indices at 10.41 and 10.03, respectively. From 2020 to 2022, Spain showed a notable growth of 7.79% year-on-year, with Greece at 7.77% and Italy at 3.39%. Lithuania experienced moderate growth at 3.01%, while France saw a mild increase of 1.03%, and Germany experienced a slight decline of 0.29%.
Future trends to watch include continued advancements in green technologies and potential shifts in production hubs due to economic and policy changes across Europe. Increased investments in innovation and sustainability may drive growth, alongside geopolitical factors influencing supply chain dynamics and production capacities.
Top countries in Electrical Equipment Production Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 155.1 | 2022 | +14.63% | +7.79% | View data |
| 2 | 2 Greece | 150.3 | 2022 | +11.83% | +7.77% | View data |
| 3 | 3 Lithuania | 149 | 2022 | -0.067% | +3.01% | View data |
| 4 | 4 Italy | 130.8 | 2022 | +4.31% | +3.39% | View data |
| 5 | 5 Germany | 104.1 | 2022 | +4.1% | -0.29% | View data |
| 6 | 6 France | 100.3 | 2022 | +1.31% | +1.03% | View data |
