In 2023, Germany maintained its dominant position in the European Electrical Equipment and Electronics sector, with an output share valued at 29.45 million Euros, showing a 1.04% increase from the previous year. Italy and Poland followed, with values of 13.45 and 8.3 million Euros respectively, and notable year-on-year growth of 5.83% for Italy and a significant 16.06% for Poland. Noteworthy increases were also observed in Hungary, Romania, and the Netherlands, with Hungary achieving a remarkable 28.71% rise. Conversely, the United Kingdom saw a slight decline in its output share by 0.8%, while Ireland experienced a 2.1% decrease. Strong gains were seen in smaller markets as well, including Greece (15.15%) and Bosnia and Herzegovina (13.18%).
Future trends to watch include continued growth in emerging markets like Hungary and Romania, driven by investments in infrastructure and production capabilities. Technological advancements and increased demand for renewable energy components are also expected to boost productivity across the sector, driving further regional shifts in output share.
Top countries in Electrical Equipment and Electronics Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.45 | 2023 | +1.12% | +1.04% | View data |
| 2 | 2 Italy | 13.45 | 2023 | +1.13% | +5.83% | View data |
| 3 | 3 Poland | 8.3 | 2023 | +13.78% | +16.06% | View data |
| 4 | 4 France | 6.03 | 2023 | +1.59% | +2.32% | View data |
| 5 | 5 Switzerland | 5.18 | 2023 | -0.3% | +4.63% | View data |
| 6 | 6 Spain | 4.85 | 2023 | +1.98% | +1.07% | View data |
| 7 | 7 Hungary | 4.2 | 2023 | +23.45% | +28.71% | View data |
| 8 | 8 Czech Republic | 4.05 | 2023 | -4.16% | +5.03% | View data |
| 9 | 9 Austria | 3.71 | 2023 | +2.33% | +0.83% | View data |
| 10 | 10 United Kingdom | 3.63 | 2023 | -0.92% | -0.8% | View data |
