The European Electrical Equipment and Electronics industry shows significant variation in the number of enterprises across countries. The Czech Republic, holding the largest share at nearly 20%, saw a decline of 4.42% in 2023. Italy and Germany follow with shares of approximately 18% and 14% respectively, with slight growth of 0.47% and 1.6%. Poland and the UK, although smaller, grew by 1.47% and dipped by 0.56% respectively. Other notable changes include a substantial 7.38% rise in Belgium and a notable 9.68% drop in Greece, indicating diverging dynamics within this sector.
Looking forward, expect varying degrees of market stabilization, with potential growth in tech-driven economies like Estonia and Finland, driven by ongoing innovation. The contraction in countries like Greece suggests economic challenges that may impact future enterprise numbers. Observing policy changes and digital transformation initiatives will be essential for understanding future trends in this sector.
Top countries in Electrical Equipment and Electronics Number of Enterprises Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 19.88 | 2023 | -4.79% | -4.42% | View data |
| 2 | 2 Italy | 17.92 | 2023 | -1.2% | +0.47% | View data |
| 3 | 3 Germany | 14.26 | 2023 | +0.45% | +1.6% | View data |
| 4 | 4 Poland | 6.57 | 2023 | +1.45% | +1.47% | View data |
| 5 | 5 United Kingdom | 6.46 | 2023 | -0.58% | -0.56% | View data |
| 6 | 6 Slovakia | 4.67 | 2023 | +5.01% | +4.65% | View data |
| 7 | 7 France | 4.21 | 2023 | -2.76% | -2.56% | View data |
| 8 | 8 Spain | 3.74 | 2023 | -1.18% | -2.16% | View data |
| 9 | 9 Netherlands | 3.27 | 2023 | +1.8% | +2.37% | View data |
| 10 | 10 Hungary | 1.93 | 2023 | -0.12% | -0.21% | View data |
