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The Finnish M&E market is a significant contributor to the country's economy. In 2022, the market was valued at €15.2 billion and is expected to grow by 5.2% annually until 2027. The key drivers of this growth are:
Strong demand from the industrial sector: Finland is a major exporter of machinery and equipment, and its domestic industries also require a steady supply of M&E.
Growing investment in infrastructure: The Finnish government is investing heavily in infrastructure projects, such as transportation and energy, which will create demand for M&E products and services.
Increasing automation: Finnish companies are increasingly adopting automation technologies, which is driving demand for robots, sensors, and other M&E products.
The Finnish government is a major purchaser of M&E products and services. In 2022, the government spent €2.7 billion on M&E, accounting for 18% of the total market. The key areas of government procurement include:
Defense: The Finnish government is investing heavily in its defense capabilities, which is driving demand for military vehicles, weapons, and other M&E products.
Healthcare: The Finnish government is also investing in its healthcare system, which is driving demand for medical equipment, laboratory equipment, and other M&E products.
Education: The Finnish government is committed to providing a high-quality education for its citizens, which is driving demand for educational equipment, laboratory equipment, and other M&E products.
The main M&E products and services procured by the Finnish government include:
Machinery: This includes a wide range of products, such as machine tools, construction machinery, agricultural machinery, and mining machinery.
Equipment: This includes a wide range of products, such as medical equipment, laboratory equipment, educational equipment, and transportation equipment.
Services: This includes a wide range of services, such as maintenance, repair, and installation of M&E products.
The top authorities for M&E procurement in Finland are:
Hansel Oy: This is a state-owned company that is responsible for centralized procurement for the Finnish government.
Ministry of Finance: This ministry is responsible for the overall budget of the Finnish government, including procurement spending.
Ministries of Defense, Healthcare, and Education: These ministries are responsible for procurement in their respective sectors.
Some of the top winners of M&E procurement contracts in Finland include:
Kone: This company is a leading global manufacturer of elevators, escalators, and other building access solutions.
Metso Outotec: This company is a leading global supplier of technology and services to the minerals, metals, and aggregates industries.
Valmet: This company is a leading global developer and supplier of technologies, automation solutions, and services for the pulp, paper, and energy industries.
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