In 2023, Italy led with 43.31% of the high-growth enterprises in Europe's electrical equipment sector, followed by the Czech Republic at 21.78%. Hungary and Slovakia also showed notable shares with 15.7% and 4.56%, respectively. The remaining countries each held less than 5%, with Iceland at the lowest with 0.25%.
Year-on-year variation highlights significant growth in Norway (30.26%) and Hungary (8.1%), while Lithuania and Latvia faced declines of -6.89% and -7.79%, respectively. Other countries exhibited moderate variations.
Looking ahead, increasing technology integration and the push for sustainable energy solutions may drive growth in high-tech enterprises across Europe, particularly in countries investing heavily in innovation within the electrical equipment sector.
Top countries in Number of High Growth Enterprises in Electrical Equipment Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 43.31 | 2023 | +11.04% | +1.85% | View data |
| 2 | 2 Czech Republic | 21.78 | 2023 | +11.69% | +4.2% | View data |
| 3 | 3 Hungary | 15.7 | 2023 | +21.57% | +8.1% | View data |
| 4 | 4 Slovakia | 4.56 | 2023 | +12.5% | +5.15% | View data |
| 5 | 5 Portugal | 4.05 | 2023 | +14.29% | +6.83% | View data |
| 6 | 6 Norway | 3.8 | 2023 | +25% | +30.26% | View data |
| 7 | 7 Romania | 3.04 | 2023 | +9.09% | +1.76% | View data |
| 8 | 8 Lithuania | 1.77 | 2023 | 0% | -6.89% | View data |
| 9 | 9 Latvia | 0.51 | 2023 | 0% | -7.79% | View data |
| 10 | 10 Iceland | 0.25 | 2023 | 0% | View data |
