In 2024, Germany leads in the European output of electrical equipment, with a significant share of 61.95 million Euros. France follows with 11.17 million Euros, while Spain contributes 9.17 million Euros. Austria and Finland have outputs of 4.88 and 3.15 million Euros, respectively. Notably smaller, Slovakia and Slovenia account for 2.52 and 2.06 million Euros. Portugal, Belgium, and Greece follow with outputs of 1.5, 1.47, and 0.87 million Euros. The outputs for Croatia, Estonia, and Lithuania are 0.52, 0.48, and 0.25 million Euros, respectively. Data from 2023 show variations with Germany increasing by 0.48%, and Finland, Slovakia, Slovenia, Greece, Croatia, Estonia, and Lithuania also experiencing positive growth. In contrast, France, Spain, Austria, and Belgium saw declines, with Austria having the most significant decrease at -6.53%.
Looking ahead, ongoing advancements in technology and the push for greener energy solutions will likely influence the European electrical equipment market. Countries emphasizing innovation and sustainability are expected to see continued growth, with Germany leading as the primary driver. However, economic fluctuations and regulatory changes could impact these forecasts. Monitoring changes in trade policies, technology adoption, and industrial investment will be crucial for understanding future trends in this sector.
Top countries in Output of Electrical Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 61.95 | 2023 | +0.76% | +0.48% | View data |
| 2 | 2 France | 11.17 | 2023 | +1.98% | -0.78% | View data |
| 3 | 3 Spain | 9.17 | 2023 | -0.65% | -1.59% | View data |
| 4 | 4 Austria | 4.88 | 2023 | -5.4% | -6.53% | View data |
| 5 | 5 Finland | 3.15 | 2023 | +2.01% | +1.35% | View data |
| 6 | 6 Slovakia | 2.52 | 2023 | +6.55% | +3.56% | View data |
| 7 | 7 Slovenia | 2.06 | 2023 | +3.72% | +3.64% | View data |
| 8 | 8 Portugal | 1.5 | 2023 | +0.75% | +0.16% | View data |
| 9 | 9 Belgium | 1.47 | 2023 | -4.69% | -4.14% | View data |
| 10 | 10 Greece | 0.87 | 2023 | +1.12% | +2.97% | View data |
