In the conditions of Chuvash Republic modern economy unstable development, increases the urgency of the electrical engineering industry development features highlighting problem. The purpose of the study is to identify the features and patterns of Chuvash Republic electrical engineering industry development. The article uses an integrated approach and a statistical and economic method that most fully allow us to analyze the electrical engineering industry development in the modern economy. As a result of the analysis, there were identified and justified the features and regularities of the region’s electrical engineering industry development: in the Chuvash Republic has historically been formed a unique electrical engineering cluster; beneficial relations are being maintained between organizations of the electrical engineering cluster, universities and the state; R&D works is being carried out at the cluster’s facilities, which characterize the regional economy as the knowledge economy; the enterprises are engaged in high-tech production; low rates of production capacities expansion and increase in economic indicators are observed; venture business is developing at a slow pace; the industry participants lacked motivation to achieve high results and there is an opportunity for a more proactive manifestation of the creative class abilities in the advanced technologies development. The theoretical value of the materials in the article is that it deepens the knowledge of Chuvash Republic electrical engineering industry development features and patterns. In practice, it can be used in developing regional programs, regulating the market of electrical products and taking meaningful measures to support the industry for its better development.
Electrical engineering industry, development features, industry, government regulation, knowledge economy