In 2023, Germany led European electrical equipment and electronics output with 114.91 billion Euros, driven by its industrial strength, despite a modest 1.04% year-on-year increase. Italy and Poland followed, expanding by 5.83% and 16.06%, respectively. Hungary showed remarkable growth at 28.71%, while the UK faced a decline of 0.8%. Emerging countries like Romania, Slovenia, and Greece exhibited impressive expansions, indicating a shift towards a more diversified regional production base.
Looking ahead, expect Eastern European countries to continue their upward trajectory as they capitalize on lower production costs and increasing investments. Meanwhile, Western European nations will likely focus on innovation and sustainability to maintain their competitive advantage in high-value segments.
Top countries in Electrical Equipment and Electronics Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 114,910 | 2023 | +1.12% | +1.04% | View data |
| 2 | 2 Italy | 52,470 | 2023 | +1.13% | +5.83% | View data |
| 3 | 3 Poland | 32,370 | 2023 | +13.78% | +16.06% | View data |
| 4 | 4 France | 23,520 | 2023 | +1.59% | +2.32% | View data |
| 5 | 5 Switzerland | 20,200 | 2023 | -0.3% | +4.63% | View data |
| 6 | 6 Spain | 18,940 | 2023 | +1.98% | +1.07% | View data |
| 7 | 7 Hungary | 16,380 | 2023 | +23.45% | +28.71% | View data |
| 8 | 8 Czech Republic | 15,790 | 2023 | -4.16% | +5.03% | View data |
| 9 | 9 Austria | 14,470 | 2023 | +2.33% | +0.83% | View data |
| 10 | 10 United Kingdom | 14,160 | 2023 | -0.92% | -0.8% | View data |
