In 2023, Germany retained a commanding lead in the European Electrical Equipment and Electronics sector, despite a slight decline of 0.5%. Italy, France, and the United Kingdom also saw contractions, whereas Poland experienced significant growth at 7.41%. Emerging markets like Hungary and Romania showcased robust expansionary trends. The Netherlands, Czech Republic, and Switzerland reported moderate growth.
Future trends of the European Electrical Equipment and Electronics industry will be influenced by innovations in renewable energy tech, increased demand for automation, and sustainability measures. Expect Eastern European markets, along with niche Scandinavian countries, to drive growth through technological advancements and investment in green technologies.
Top countries in Electrical Equipment and Electronics Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 130,270 | 2023 | +1.24% | -0.5% | View data |
| 2 | 2 Italy | 39,000 | 2023 | +1.71% | -0.97% | View data |
| 3 | 3 France | 32,180 | 2023 | -1.21% | -1.76% | View data |
| 4 | 4 Poland | 24,140 | 2023 | +3.9% | +7.41% | View data |
| 5 | 5 Switzerland | 17,400 | 2023 | +3.22% | +2.25% | View data |
| 6 | 6 United Kingdom | 15,140 | 2023 | -0.89% | -0.59% | View data |
| 7 | 7 Austria | 14,750 | 2023 | +3.21% | +0.8% | View data |
| 8 | 8 Spain | 14,540 | 2023 | -5.85% | -5.19% | View data |
| 9 | 9 Czech Republic | 14,170 | 2023 | +3.08% | +2.21% | View data |
| 10 | 10 Netherlands | 13,090 | 2023 | +3.49% | +4.41% | View data |
