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ZVEI e. V., the German Electrical and Electronic Manufacturers' Association, represents the economic, technological and environmental interests of the German electrical and digital industry. With 910,400 employees across Germany and a total turnover of 242 billion euros, the electrical industry is the second largest industrial sector in Germany - behind mechanical engineering. With an additional 811,000 employees abroad, its value creation is highly globally networked (2021). In 2023, the industry spent 22.1 billion euros on research and development and nine billion euros on investments.