The United States leads global R&D expenditure in the electricity, gas, steam, air conditioning, and water supply sectors, with a notable increase of 149.1% in 2023, reaching $26.37 billion. South Korea and the United Kingdom follow, with modest growth and decline respectively, while Japan exhibits a reduction of 2.11%. Emerging markets like Taiwan and Poland show significant growth at 14.97% and 13.96% respectively. Portugal experiences the highest growth rate at 24.37%. Conversely, Hungary and Chile witness contractions in their R&D investments.
Future trends to watch include continued innovation and technological advancements in sustainable energy and resource management practices. Countries like the United States are likely to maintain a robust R&D presence, reflecting ongoing green initiatives. Emerging economies may continue growth in R&D, driven by technological integration and environmental concerns, while established economies may prioritize efficiency and sustainable practices.
Top countries in Business Enterprise R&D Expenditure in Electricity, Gas, Steam, Air Conditioning and Water Supply; Sewerage, Waste Management and Remediation Activities by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 26,370 | 2023 | +46.32% | +149.1% | View data |
| 2 | 2 South Korea | 776.77 | 2023 | +3.29% | +0.17% | View data |
| 3 | 3 United Kingdom | 669.38 | 2021 | +67.91% | View data | |
| 4 | 4 Japan | 463.76 | 2023 | -0.89% | -2.11% | View data |
| 5 | 5 Canada | 391.3 | 2023 | +3.26% | +3.53% | View data |
| 6 | 6 Spain | 264.7 | 2023 | +0.22% | +2.2% | View data |
| 7 | 7 Germany | 256.11 | 2023 | +0.22% | +3.73% | View data |
| 8 | 8 Italy | 222.67 | 2023 | +5.7% | +5.94% | View data |
| 9 | 9 Taiwan | 139 | 2023 | +6.62% | +14.97% | View data |
| 10 | 10 Poland | 132.59 | 2023 | +11.98% | +13.96% | View data |
