In 2023, Italy led European High Growth Enterprises in Electrical Equipment and Electronics with 475 enterprises. Other notable countries include the Czech Republic with 169 and Hungary with 111 enterprises. Countries like Lithuania and Iceland have fewer such enterprises, with 18 and 1 respectively.
Year-on-year growth from 2022 to 2023 was positive for most countries, particularly Norway which saw a significant increase of 25.74%, while Slovakia, Lithuania, and Romania experienced slight declines. Over a five-year period, the compound annual growth rate reflects stable growth across the region.
Looking ahead, we should watch for technological advancements, regulatory changes, and investment trends which could further drive or hinder the growth of these enterprises. Sustainability initiatives and digital transformation could also play pivotal roles in shaping future developments in this sector.
Top countries in Number of High Growth Enterprises in Electrical Equipment and Electronics by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 475 | 2023 | +12.03% | +1.73% | View data |
| 2 | 2 Czech Republic | 169 | 2023 | +7.64% | +1.36% | View data |
| 3 | 3 Hungary | 111 | 2023 | +13.27% | +5.73% | View data |
| 4 | 4 Slovakia | 60 | 2023 | +9.09% | -0.33% | View data |
| 5 | 5 Portugal | 50 | 2023 | +11.11% | +3.06% | View data |
| 6 | 6 Romania | 34 | 2023 | +13.33% | -0.58% | View data |
| 7 | 7 Norway | 22 | 2023 | +22.22% | +25.74% | View data |
| 8 | 8 Lithuania | 18 | 2023 | +5.88% | -6.36% | View data |
| 9 | 9 Latvia | 10 | 2023 | 0% | +4.56% | View data |
| 10 | 10 Iceland | 1 | 2023 | 0% | View data |
