The European electrical equipment sector exhibits significant disparities in hours worked across countries, with Austria leading dramatically at 6.362 billion hours in 2024, reflecting a substantial year-on-year growth of 173.56%. Germany follows at 0.398 billion hours, showing moderate growth. Other countries face varying growth rates, with sharp declines in Portugal and Belgium, indicating sector issues. The Czech Republic and Poland maintain stable growth, contrasting Italy, the UK, and Romania's declines. Over five years, the sector has seen both stable and fluctuating patterns across nations, pointing to diverse market dynamics.
Future trends to watch include continued investments in automation and green technologies, which could alter hours worked. Western European nations may see slower growth due to technological advancements, while Eastern European countries could experience increased labor hours as they expand manufacturing capabilities and integrate more into European supply chains. Market adjustments to climate policies and digitalization will further shape labor dynamics.
Top countries in Electrical Equipment Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 6,362,000,000 | 2023 | +6.26% | +173.56% | View data |
| 2 | 2 Germany | 397,580,000 | 2023 | +3.17% | +7.17% | View data |
| 3 | 3 Czech Republic | 81,649,000 | 2023 | +1.27% | +0.83% | View data |
| 4 | 4 Italy | 79,492,000 | 2023 | -0.21% | -0.64% | View data |
| 5 | 5 Poland | 73,417,000 | 2023 | +2.48% | +1.5% | View data |
| 6 | 6 Spain | 55,473,000 | 2023 | +5.52% | +2.71% | View data |
| 7 | 7 United Kingdom | 44,348,000 | 2023 | -2.22% | -1.34% | View data |
| 8 | 8 Hungary | 25,053,000 | 2023 | +0.77% | +0.34% | View data |
| 9 | 9 Romania | 21,616,000 | 2023 | -2.21% | -2.32% | View data |
| 10 | 10 Sweden | 21,117,000 | 2023 | +4.48% | +2.91% | View data |
