The 2023 R&D expenditures in sewerage, waste management, and remediation activities reveal the United Kingdom as the leader with $90.62 million PPP, followed by South Korea with $78.18 million. Germany and Spain also show strong figures. Notable year-on-year growths are seen in Romania (60.84%), Taiwan (11.92%), and Portugal (9.96%). Finland's expenditure dropped significantly by 19.26%. Over the past five years, stable growth was observed, with Germany and the United Kingdom consistently investing heavily. Smaller markets like Iceland and Romania recorded high growth percentage-wise but with smaller absolute values.
Future trends to watch include increased emphasis on sustainability and digital solutions, which could boost R&D expenditure in this sector. Countries with ongoing eco-friendly policy implementations, like Germany and the UK, might lead in this evolution. The alignment of global policies towards circular economies and waste reduction could further stimulate investments in innovation and technological advancements across the sector.
Top countries in Business Enterprise R&D Expenditure in Sewerage, Waste Management, Remediation Activities by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 90.62 | 2023 | +5.01% | +7.72% | View data |
| 2 | 2 South Korea | 78.18 | 2023 | +4.33% | +7.53% | View data |
| 3 | 3 Germany | 50.72 | 2023 | +11.15% | +16.57% | View data |
| 4 | 4 Spain | 50.01 | 2023 | +4.83% | +1.73% | View data |
| 5 | 5 Poland | 36.58 | 2023 | +4.19% | +7.99% | View data |
| 6 | 6 Norway | 16.07 | 2023 | +2.12% | +2.32% | View data |
| 7 | 7 Portugal | 14.65 | 2023 | +3.71% | +9.96% | View data |
| 8 | 8 Czech Republic | 9.05 | 2023 | +0.29% | +0.22% | View data |
| 9 | 9 Taiwan | 4.69 | 2023 | +4.41% | +11.92% | View data |
| 10 | 10 Finland | 2.21 | 2023 | -45.59% | -19.26% | View data |
