In 2023, Germany led Europe's electrical equipment output at 111.8 billion euros, with a slight growth of 0.48% year-on-year. France and Spain experienced declines of 0.78% and 1.59%, respectively. Austria's output decreased significantly by 6.53%. Finland, Slovakia, Slovenia, and Greece showed positive growth, with Slovakia and Slovenia both exceeding 3%. Portugal's growth was marginal at 0.16%, while Belgium experienced a 4.14% decline. Notable growth was also observed in Croatia, Estonia, and Lithuania, albeit from a smaller base.
Future trends to watch include:
- Germany's continued dominance in the sector.
- The recovery prospects for France and Spain.
- Sustained growth potential in Slovakia and Slovenia.
- Impact of green energy transitions on production across Europe.
Top countries in Output of Electrical Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 111,800 | 2023 | +0.76% | +0.48% | View data |
| 2 | 2 France | 20,160 | 2023 | +1.98% | -0.78% | View data |
| 3 | 3 Spain | 16,540 | 2023 | -0.65% | -1.59% | View data |
| 4 | 4 Austria | 8,800 | 2023 | -5.4% | -6.53% | View data |
| 5 | 5 Finland | 5,690 | 2023 | +2.01% | +1.35% | View data |
| 6 | 6 Slovakia | 4,550 | 2023 | +6.55% | +3.56% | View data |
| 7 | 7 Slovenia | 3,720 | 2023 | +3.72% | +3.64% | View data |
| 8 | 8 Portugal | 2,710 | 2023 | +0.75% | +0.16% | View data |
| 9 | 9 Belgium | 2,660 | 2023 | -4.69% | -4.14% | View data |
| 10 | 10 Greece | 1,580 | 2023 | +1.12% | +2.97% | View data |
