As of 2023, Italy leads with the highest share of high growth enterprises in electrical equipment and electronics in Europe, representing 48.52% of the total. The Czech Republic follows with 17.26%, Hungary at 11.34%, Slovakia with 6.13%, and Portugal at 5.11%. These countries indicate a dynamic industrial landscape, with notable year-on-year growth in Hungary (5.73%) and Norway (25.74%), although Slovakia and Romania show slight declines. Over the last five years, the average annual growth rate (CAGR) suggests a robust expansion primarily in Hungary and Norway, enhancing their standings within Europe’s innovation ecosystem.
Looking ahead, future trends may focus on increased digital transformation and green technology adaptation, driving further growth in high potential markets like Hungary and Norway. Monitoring investments and regulatory policies will be crucial for nurturing this sector's expansion, underscoring the strategic importance of technological advancements and sustainability in the industry's evolution.
Top countries in Number of High Growth Enterprises in Electrical Equipment and Electronics Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 48.52 | 2023 | +12.03% | +1.73% | View data |
| 2 | 2 Czech Republic | 17.26 | 2023 | +7.64% | +1.36% | View data |
| 3 | 3 Hungary | 11.34 | 2023 | +13.27% | +5.73% | View data |
| 4 | 4 Slovakia | 6.13 | 2023 | +9.09% | -0.33% | View data |
| 5 | 5 Portugal | 5.11 | 2023 | +11.11% | +3.06% | View data |
| 6 | 6 Romania | 3.47 | 2023 | +13.33% | -0.58% | View data |
| 7 | 7 Norway | 2.25 | 2023 | +22.22% | +25.74% | View data |
| 8 | 8 Lithuania | 1.84 | 2023 | +5.88% | -6.36% | View data |
| 9 | 9 Latvia | 1.02 | 2023 | 0% | +4.56% | View data |
| 10 | 10 Iceland | 0.1 | 2023 | 0% | View data |
