In 2023, Germany led the European electric power sector with a turnover of €577.33 billion, showing a 2.07% year-on-year increase. Italy and the United Kingdom followed, marking increases of 2.45% and 0.75%, respectively. Conversely, Belgium and the Netherlands experienced declines at -3.91% and -7.14%. Denmark and Hungary saw significant growths of 8.45% and 6.49%. In contrast, Croatia and Bosnia and Herzegovina encountered notable decreases of -8.72% and -9.68%, respectively.
Forecasted trends suggest a continued rise in renewable energy investments, with Germany likely maintaining its lead. Southern and Eastern European countries may see substantial improvements, driven by infrastructure upgrades and increased EU funding. However, market volatility and regulatory changes pose risks. Monitoring technological advancements and policy developments will be crucial in assessing future growth trajectories.
Top countries in Electric Power Generation, Transmission and Distribution Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 577,330 | 2023 | +2.9% | +2.07% | View data |
| 2 | 2 Italy | 205,180 | 2023 | +12.29% | +2.45% | View data |
| 3 | 3 United Kingdom | 110,260 | 2023 | +0.94% | +0.75% | View data |
| 4 | 4 France | 85,310 | 2023 | +1.32% | +1.06% | View data |
| 5 | 5 Spain | 84,070 | 2023 | +4.73% | +1.5% | View data |
| 6 | 6 Denmark | 53,210 | 2023 | +17.41% | +8.45% | View data |
| 7 | 7 Czech Republic | 44,400 | 2023 | +3.68% | +2.49% | View data |
| 8 | 8 Poland | 40,810 | 2023 | +0.92% | +5.17% | View data |
| 9 | 9 Switzerland | 39,670 | 2023 | +2.92% | +3.44% | View data |
| 10 | 10 Austria | 26,640 | 2023 | +0.78% | +1.78% | View data |
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