In 2023, South Korea led the world with an R&D expenditure of 632.64 million USD in the sectors of electricity, gas, steam, air conditioning supply, and water collection, despite a slight decrease of 1.47% from the previous year. Japan followed with 478.49 million USD, showing a marginal decline of 1.36%. Spain, with 219.4 million USD, witnessed a noteworthy increase of 4.4%. Germany, at 190.7 million USD, saw a slight dip of 1.1%, while the United Kingdom increased by 2.93% to reach 154.17 million USD. Italy, however, experienced a remarkable growth of 6.03% to 137.33 million USD. Taiwan and Norway are significant growth markers, with increases of 12.38% and 14.01%, respectively.
Looking forward, global trends point towards increasing investments in these sectors due to the growing demand for sustainable energy solutions and efficient water management. Emerging technologies, regulatory frameworks supporting green initiatives, and an emphasis on climate resilience present opportunities for further R&D expansions globally. Countries with smaller current investments, like Lithuania and Estonia, could experience rapid growth due to technological advancements and policy changes.
Top countries in Business Enterprise R&D Expenditure in Electricity, Gas, Steam and Air Conditioning Supply; Water Collection, Treatment and Supply by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 632.64 | 2023 | +2.49% | -1.47% | View data |
| 2 | 2 Japan | 478.49 | 2023 | -0.58% | -1.36% | View data |
| 3 | 3 Spain | 219.4 | 2023 | +0.49% | +4.4% | View data |
| 4 | 4 Germany | 190.7 | 2023 | -0.47% | -1.1% | View data |
| 5 | 5 United Kingdom | 154.17 | 2023 | +2.56% | +2.93% | View data |
| 6 | 6 Italy | 137.33 | 2023 | +4.35% | +6.03% | View data |
| 7 | 7 Taiwan | 118.46 | 2023 | +4.4% | +12.38% | View data |
| 8 | 8 Finland | 85.07 | 2023 | +5.69% | +5.37% | View data |
| 9 | 9 Norway | 56.18 | 2023 | +9.72% | +14.01% | View data |
| 10 | 10 Portugal | 52.45 | 2023 | -1.86% | +26.34% | View data |
