Germany commands a significant share of the European electrical equipment production value at 40.83 million euros, showing an 8.14% increase year-on-year in 2023. France and Italy follow with values of 9.97 and 9.84 million euros, respectively. Both countries showed slight variations, with France experiencing a slight decline of -0.0037% and Italy a marginal increase of 0.27%. Spain saw a decrease of -0.46%, while Austria and the United Kingdom had minor declines. The Czech Republic, Switzerland, and Poland showed modest growths of 2.28%, 1.33%, and 2.46%. Although smaller in market share, significant year-on-year increases were noted in countries like Hungary (2.81%), Slovenia (2.69%), Bulgaria (6.86%), and Croatia (5.56%). On the contrary, Belgium experienced a significant decline of -8.51%, whilst Ireland saw the highest positive variation with a 10.09% increase.
Future trends to watch:
- Continued dominance of Germany with potential growth in automation and renewable energy sectors.
- Moderate growth prospects in Eastern European countries like Poland, Czech Republic, and Hungary driven by manufacturing investments.
- Potential declines in traditional markets like Austria and Sweden, potentially due to market saturation.
- Emerging growth in countries like Ireland and Norway might indicate shifting industry trends and new investments.
- Technological advancements and sustainability trends to significantly influence future production values across Europe.
Top countries in Electrical Equipment Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.83 | 2023 | +1.12% | +8.14% | View data |
| 2 | 2 France | 9.97 | 2023 | +1.04% | -0.0037% | View data |
| 3 | 3 Italy | 9.84 | 2023 | +0.61% | +0.27% | View data |
| 4 | 4 Spain | 5.38 | 2023 | +0.42% | -0.46% | View data |
| 5 | 5 Austria | 4.92 | 2023 | +0.55% | -0.92% | View data |
| 6 | 6 United Kingdom | 4.86 | 2023 | +0.05% | -0.022% | View data |
| 7 | 7 Czech Republic | 4.14 | 2023 | +4.41% | +2.28% | View data |
| 8 | 8 Switzerland | 3.19 | 2023 | +5.79% | +1.33% | View data |
| 9 | 9 Poland | 2.95 | 2023 | +3.61% | +2.46% | View data |
| 10 | 10 Finland | 2.72 | 2023 | +1.03% | +0.71% | View data |
