In 2023, Japan led in R&D expenditure within the electricity, gas, steam, air conditioning supply, and water sectors, despite a slight decline of 1.42% compared to the previous year. Spain and Germany followed, with Spain experiencing a notable increase of 4.76% and Germany a modest rise of 1.02%. Italy exhibited a significant surge of 7.45%, while Taiwan showcased an impressive growth of 15.18%. Among others, Estonia and the Czech Republic saw remarkable jumps of 21.32% and 41.23%, respectively, with Lithuania leading the variation at 44.4%. Hungary and Chile, however, faced declines of 4.66% and 11.21%.
Future trends to watch include potential shifts driven by advancements in sustainable and renewable energy technologies. Countries may increase R&D investments to align with global goals for energy transition and climate change mitigation. Emerging markets might also expand their share as they adopt innovative solutions more rapidly to address new energy challenges. Monitoring policy changes and international collaborations could provide insights into future R&D expenditure patterns.
Top countries in Business Enterprise R&D Expenditure in Electricity, Gas, Steam and Air Conditioning Supply; Water Collection, Treatment and Supply Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 30.62 | 2023 | +0.31% | -1.42% | View data |
| 2 | 2 Spain | 15.11 | 2023 | +0.47% | +4.76% | View data |
| 3 | 3 Germany | 14.7 | 2023 | +0.18% | +1.02% | View data |
| 4 | 4 Italy | 10.24 | 2023 | +5.33% | +7.45% | View data |
| 5 | 5 Taiwan | 8.43 | 2023 | +6.91% | +15.18% | View data |
| 6 | 6 Finland | 6.37 | 2023 | +5.99% | +7.3% | View data |
| 7 | 7 Norway | 4.15 | 2023 | +10.36% | +15.29% | View data |
| 8 | 8 Poland | 3.56 | 2023 | +3.71% | +5.27% | View data |
| 9 | 9 Estonia | 1.8 | 2023 | +11.96% | +21.32% | View data |
| 10 | 10 New Zealand | 1.5 | 2021 | View data |
