In 2024, Germany leads the European electrical equipment and electronics production market with a significant share of 33.95 million Euros. Italy and France follow, holding shares of 10.92 and 7.68 million Euros respectively. Notable growth is seen in Poland with a year-on-year increase of 7.32%, while Hungary and Greece also show robust growth with increases of 9.49% and 7.37% respectively. Conversely, France and Spain experience declines, each with around a 3% decrease. Luxembourg and Iceland face the largest decreases at -2.94% and -13.06% respectively.
Future trends to watch include the ongoing growth in Eastern European countries such as Poland and Hungary, driven by increased investments and manufacturing expansion. The significant growth in Romania and the Baltic states also indicates a shift towards these emerging markets. Meanwhile, Western Europe's stagnating or declining production values suggest a potential shift in market leadership towards Eastern Europe. Environmental regulations and technological innovations will also play crucial roles in shaping the industry's landscape.
Top countries in Electrical Equipment and Electronics Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.95 | 2023 | +1.2% | +1.01% | View data |
| 2 | 2 Italy | 10.92 | 2023 | -0.32% | -1.11% | View data |
| 3 | 3 France | 7.68 | 2023 | -2.83% | -3.1% | View data |
| 4 | 4 Poland | 6.25 | 2023 | +3.11% | +7.32% | View data |
| 5 | 5 Spain | 5.26 | 2023 | -3.03% | -3.07% | View data |
| 6 | 6 Switzerland | 5.19 | 2023 | +3.23% | +2.29% | View data |
| 7 | 7 United Kingdom | 4.33 | 2023 | -0.56% | -0.27% | View data |
| 8 | 8 Czech Republic | 4 | 2023 | +3.18% | +2.16% | View data |
| 9 | 9 Austria | 3.8 | 2023 | +1.97% | -0.73% | View data |
| 10 | 10 Netherlands | 2.65 | 2023 | +3% | +3.79% | View data |
