Waldenburg (Germany), April 13, 2023 – The Würth Elektronik Group maintains its upswing. And that also goes for its innovation ranking from the renowned German business magazine, Capital: The manufacturer of electronic and electromechanical components, PCBs and intelligent power and control systems received a five-star top rating for the first time in the ‘Electronics & Electrical Engineering, Automation and Measurement Technology’ category, and was also well ahead on patent relevance.

The Würth Elektronik Group even managed to pick up another star over last year’s rating. As it was also awarded two points for ‘patent relevance’ for the first time in 2023, the ranking can be regarded as a very special success in view of the oftentimes challenging business situation - and of course as a spur for striving to consistently realize its corporate goals: to drive technology forward, enable innovation, promote sustainability, together with customers, partners and selected start-ups.

Independent experts make their selection

For the fourth time, Capital and Statista - the online platform specialized in market and consumer data - have paid tribute to Germany's most innovative companies. Just 134 out of a total of 1,849 candidates received the maximum five-star rating and Würth Elektronik was among them. The selection is made across 20 sectors and industries, from the automotive industry and the chemical sector, to energy and the environment. The independent ranking is based on a survey of 3,700 innovation specialists (representatives of award-winning innovation companies who evaluate companies from their industries, as well as experts on the Statista panel).

The score is composed of the number of recommendations (60%) as well as the average value across the respective areas of innovation (30%) and the average value from the reasons for recommendation. The score determined is presented in the respective star category. The companies distinguished are classified by industry and company size: 233 very large companies (over 1,000 employees), 121 large companies (250 to 1,000 employees) and 112 SMEs (up to 250 employees).

The basis for the additional two-point ‘patent relevance’ score is Technology Relevance™ based on forward citations: the more often a patent is the basis for further innovations, the higher the index.

Upward, despite the difficult environment

With its top ranking, Würth Elektronik clearly positions itself against the current, rather stagnant-to-negative trend: in the expert survey, 41% of executives said that the climate for innovation had deteriorated in 2022. The same proportion recognized no change with only 18% seeing an improvement.

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