The European Electrical Equipment and Electronics output for 2024 shows Hungary leading with a value of 4, followed by Slovenia and the Czech Republic. Hungary exhibited the largest year-on-year increase of 18.66%, driven by robust industrial growth and favorable economic policies. Bosnia and Herzegovina also saw significant growth at 10.2%, while Germany and Austria experienced declines, indicating possible market saturation or increasing global competition. Negative variations in smaller markets such as Malta and Ireland, which saw declines of 12.94%, highlight vulnerability in peripheral markets.
Future trends to watch include the technological advancements in automation and smart electronics, which could spur growth in countries like the Czech Republic and Poland. The sustainability drive in Europe could also lead to increased investments in green technologies, benefiting both established and emerging markets. Monitoring these shifts will be key for understanding the competitive landscape and identifying new opportunities.
Top countries in Electrical Equipment and Electronics Output by Country
| # | 10 Countries | Percent of Total | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 4 | 2023 | +8.11% | +18.66% | View data |
| 2 | 2 Slovenia | 3.8 | 2023 | 0% | +1.66% | View data |
| 3 | 3 Czech Republic | 2.8 | 2023 | +7.69% | +1.49% | View data |
| 4 | 4 Poland | 2.2 | 2023 | 0% | +7.96% | View data |
| 5 | 5 Slovakia | 2 | 2023 | -4.76% | +2.13% | View data |
| 6 | 6 Romania | 1.8 | 2023 | +5.88% | +1.15% | View data |
| 7 | 7 Austria | 1.6 | 2023 | 0% | -3.38% | View data |
| 8 | 8 Germany | 1.6 | 2023 | 0% | -1.21% | View data |
| 9 | 9 Bulgaria | 1.3 | 2023 | -7.14% | -4.07% | View data |
| 10 | 10 Bosnia and Herzegovina | 1.3 | 2023 | +8.33% | +10.2% | View data |
