In 2023, the European electrical equipment sector showed a mixed employment trend across various countries. Germany led substantially with the highest number of employees, followed by the Czech Republic, Italy, and France. The employment number in Germany grew significantly by 7.59% year-on-year, while negative growth was observed in Italy, France, Spain, and Switzerland. Serbia, Norway, and Ireland showed remarkable increases, reflecting positive dynamics within their industries. Despite Belgium experiencing a sharp decline of 14.04%, growth was moderate in other countries like Hungary, Sweden, and Bulgaria.
Looking forward to 2024 and beyond, potential trends include:
- Increased automation and technological advancement could reshape workforce demands, leading to shifts in employment structures.
- Economic policies and green energy transitions might bolster employment in related sectors, affecting country-specific employment figures.
- Global economic conditions and supply chain realignments will continue influencing labor markets, particularly in key manufacturing hubs like Germany and the Czech Republic.
Top countries in Electrical Equipment Number of Persons Employed by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 275,700 | 2023 | +3.17% | +7.59% | View data |
| 2 | 2 Czech Republic | 54,260 | 2023 | +0.77% | +0.36% | View data |
| 3 | 3 Italy | 50,430 | 2023 | -0.53% | -0.73% | View data |
| 4 | 4 France | 49,440 | 2023 | +0.2% | -0.39% | View data |
| 5 | 5 Poland | 43,450 | 2023 | +1.55% | +1.32% | View data |
| 6 | 6 Spain | 25,580 | 2023 | -3.23% | -2.44% | View data |
| 7 | 7 Austria | 23,880 | 2023 | -0.18% | -1.27% | View data |
| 8 | 8 United Kingdom | 22,020 | 2023 | -3.55% | -2.26% | View data |
| 9 | 9 Hungary | 15,570 | 2023 | +1.05% | +1.21% | View data |
| 10 | 10 Sweden | 14,840 | 2023 | +5.5% | +3.6% | View data |
