In 2023, Italy leads in the number of high-growth enterprises in electrical equipment with 171 firms, followed by the Czech Republic and Hungary with 86 and 62, respectively. Slovakia, Portugal, and Norway have modest counts, while Romania and the Baltic states trail behind. Year-on-year, Norway experienced the most significant increase at 30.26%, while Lithuania and Latvia saw declines. Over the last five years, these variations reflect a dynamic yet uneven growth trajectory across Europe.
Future trends to watch:
- Italy's continued dominance and potential role as a growth catalyst in the region.
- Emergence of Eastern European countries as competitive hubs for high-growth enterprises.
- Potential challenges for Baltic states in reversing negative growth trends.
- The influence of renewable energy transitions on electrical equipment enterprises.
Top countries in Number of High Growth Enterprises in Electrical Equipment by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 171 | 2023 | +11.04% | +1.85% | View data |
| 2 | 2 Czech Republic | 86 | 2023 | +11.69% | +4.2% | View data |
| 3 | 3 Hungary | 62 | 2023 | +21.57% | +8.1% | View data |
| 4 | 4 Slovakia | 18 | 2023 | +12.5% | +5.15% | View data |
| 5 | 5 Portugal | 16 | 2023 | +14.29% | +6.83% | View data |
| 6 | 6 Norway | 15 | 2023 | +25% | +30.26% | View data |
| 7 | 7 Romania | 12 | 2023 | +9.09% | +1.76% | View data |
| 8 | 8 Lithuania | 7 | 2023 | 0% | -6.89% | View data |
| 9 | 9 Latvia | 2 | 2023 | 0% | -7.79% | View data |
| 10 | 10 Iceland | 1 | 2023 | 0% | View data |
