In 2023, Japan led global R&D expenditure in electricity, gas, steam, and air conditioning supply; and water collection, treatment, and supply, despite a slight decline of 1.42%. Spain and Germany followed with positive growths of 4.76% and 1.02%, respectively. Italy experienced a robust rise of 7.45%, while Taiwan saw a notable 15.18% increase. The Czech Republic and Lithuania exhibited the highest year-on-year growth rates, at 41.23% and 44.4%, respectively. Conversely, Hungary and Chile reported decreases in their R&D spending. Overall, emerging European nations displayed significant growth, suggesting a dynamic shift in R&D investment focus.
Future trends to watch include continued growth in European markets, particularly in the Czech Republic and the Baltic States, as they catch up in R&D investments. Japan's slight decline may warrant monitoring to understand if it signifies a longer-term trend or a temporary adjustment. The dynamism in Taiwan and Norway could hint at evolving strategies in energy supply innovations.
Top countries in Business Enterprise R&D Expenditure in Electricity, Gas, Steam and Air Conditioning Supply; Water Collection, Treatment and Supply by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 489.91 | 2023 | +0.31% | -1.42% | View data |
| 2 | 2 Spain | 241.66 | 2023 | +0.47% | +4.76% | View data |
| 3 | 3 Germany | 235.15 | 2023 | +0.18% | +1.02% | View data |
| 4 | 4 Italy | 163.84 | 2023 | +5.33% | +7.45% | View data |
| 5 | 5 Taiwan | 134.87 | 2023 | +6.91% | +15.18% | View data |
| 6 | 6 Finland | 101.95 | 2023 | +5.99% | +7.3% | View data |
| 7 | 7 Norway | 66.33 | 2023 | +10.36% | +15.29% | View data |
| 8 | 8 Poland | 56.99 | 2023 | +3.71% | +5.27% | View data |
| 9 | 9 Estonia | 28.78 | 2023 | +11.96% | +21.32% | View data |
| 10 | 10 New Zealand | 23.99 | 2021 | View data |
