The analysis of European Business Enterprise R&D Expenditure in the manufacture of electrical equipment reveals Germany as the dominant player with €3.09 billion, indicating stability but slower growth compared to others. Italy follows with €0.76 billion, showing a modest increase. While Finland and Slovenia show minor rises, Portugal exhibits the most significant growth with a 6.32% increase. Slovakia and Lithuania face declines, with the latter experiencing a sharp decrease. Estonia remains stable, and Latvia's exceptional 33.44% surge stands out.
Future trends to watch include:
- Technological advancements driving R&D investment in top-performing countries like Germany and Italy.
- Emerging opportunities in smaller Eastern European countries experiencing rapid growth.
- The impact of digitalization and green technologies on R&D expenditure across Europe.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Electrical Equipment by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,090 | 2023 | +3.42% | +2.26% | View data |
| 2 | 2 Italy | 759.29 | 2023 | +7.97% | +2.65% | View data |
| 3 | 3 Finland | 235.56 | 2023 | +0.25% | +0.69% | View data |
| 4 | 4 Slovenia | 122.86 | 2023 | +3.23% | +4.07% | View data |
| 5 | 5 Portugal | 46.58 | 2023 | +0.33% | +6.32% | View data |
| 6 | 6 Slovakia | 35.88 | 2023 | +4.15% | -5.74% | View data |
| 7 | 7 Estonia | 11.15 | 2023 | +6.56% | +1.02% | View data |
| 8 | 8 Lithuania | 8.5 | 2023 | +15.58% | -13.66% | View data |
| 9 | 9 Latvia | 6.98 | 2023 | +1.41% | +33.44% | View data |
