Baden-Württemberg’s location in the centre of Europe offers a significant advantage in that it guarantees access to many important markets. The electronics companies of Baden-Württemberg develop and produce technologically high-quality products, making them leading players in the German and European markets. Their products enjoy high national and international demand and are used throughout the world.
The electrical engineering industry in Germany
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The German electrical engineering industry, with around 26,000 businesses, is the largest industrial sector in Germany after mechanical engineering. It has a turnover of over 240 billion Euros and over 1.0 million employees.
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In terms of the electrical industry„s dynamic product spectrum, Germany has a density unrivalled by equipment manufacturers operating worldwide, and suppliers for raw materials, components and equipment along the whole value- added chain.
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Over the past few years, this sector has always grown more strongly than the German economy as a whole, and is therefore one of the most rapidly growing sectors. The engine for this development is increasing domestic demand from leading industrial sectors such as medical technology and renewable energy, and the automotive industry.
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One indicator of the strong links which the German electrical engineering industry has with the rest of the world is the high percentage, around half, of its turnover which is generated abroad.
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The German electrical engineering industry is highly innovative. With around 45% of its turnover coming from products which are no more than three years old, the electrical industry lies in second place only to vehicle manufacture compared with other branches of manufacturing industry.
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Businesses in this sector have the highest innovator rate (around 81%) of all industrial sectors in Germany. More than four out of five electrical companies successfully introduce new products or manufacturing processes to the market on a regular basis.