In 2023, Germany led the European Electricity, Gas, Steam, and Air Conditioning Supply sector with a Gross Value Added (GVA) of €92.23 billion, reflecting a 9.3% increase from the previous year. Spain showed a stronger surge with an 11.24% rise to €46.26 billion. France saw modest growth at 2.24%, reaching €40.21 billion. Belgium recorded the highest increase at 17.35%, bringing its GVA to €11.5 billion. In contrast, Portugal experienced a decline of 4.75%, reducing its GVA to €3.68 billion. Smaller markets like Estonia and Latvia showed significant expansions at 18.66% and 32.31% respectively, while Slovenia contracted by 13.87%.
Future Trends to Watch:
- Continued growth in emerging economies like Estonia and Latvia is expected, potentially driven by technological advancements and investments in renewable energy.
- Germany and Spain are likely to maintain their leadership in the sector, but sustainability and energy transition policies might impact their growth trajectories.
- Monitoring the impact of regulatory changes and economic fluctuations on smaller markets such as Slovenia and Cyprus will be crucial to understanding their future GVA dynamics.
Top countries in Electricity, Gas, Steam and Air Conditioning Supply Gross Value Added by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 92,230 | 2023 | +9.04% | +9.3% | View data |
| 2 | 2 Spain | 46,260 | 2023 | +19.38% | +11.24% | View data |
| 3 | 3 France | 40,210 | 2023 | +1.56% | +2.24% | View data |
| 4 | 4 Belgium | 11,500 | 2023 | +14.31% | +17.35% | View data |
| 5 | 5 Portugal | 3,680 | 2023 | +3.03% | -4.75% | View data |
| 6 | 6 Estonia | 1,760 | 2023 | +29.35% | +18.66% | View data |
| 7 | 7 Latvia | 1,650 | 2023 | +38.42% | +32.31% | View data |
| 8 | 8 Slovenia | 423.31 | 2023 | -38.69% | -13.87% | View data |
| 9 | 9 Cyprus | 251.2 | 2023 | +4.75% | +2.81% | View data |
