In 2023, Germany led European production volumes of electrical equipment at 106.15 billion Euros, followed by Italy and France with 38.3 and 20.74 billion Euros, respectively. Austria experienced growth in the sector with a 2.17% increase, while Slovenia topped the growth rate at 2.84%. Conversely, Belgium saw a decline of 1.36% in the same year. The Netherlands, Finland, and Greece showed moderate growth, whereas Estonia excelled with a near 3.69% increase.
Looking ahead, the forecast for 2024 suggests continued strength in smaller Northern European countries like Finland and Estonia, with potential new developments in energy efficiency and technological advancements poised to drive growth. Close monitoring of Germany's progression alongside emerging markets can provide insights into the competitive landscape.
Top countries in Production Volumes of Electrical Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 106,150 | 2023 | +0.24% | -0.0066% | View data |
| 2 | 2 Italy | 38,300 | 2023 | -0.32% | -0.3% | View data |
| 3 | 3 France | 20,740 | 2023 | -0.11% | -0.17% | View data |
| 4 | 4 Austria | 14,470 | 2023 | +2.15% | +2.17% | View data |
| 5 | 5 Netherlands | 7,620 | 2023 | +0.94% | +0.93% | View data |
| 6 | 6 Finland | 5,740 | 2023 | +1.59% | +1.68% | View data |
| 7 | 7 Slovenia | 3,570 | 2023 | +2.54% | +2.84% | View data |
| 8 | 8 Belgium | 2,930 | 2023 | -2.61% | -1.36% | View data |
| 9 | 9 Greece | 1,220 | 2023 | -0.85% | +0.44% | View data |
| 10 | 10 Estonia | 907.29 | 2023 | +3.25% | +3.69% | View data |
