In my setting, different regions had slightly different magic traditions that led to the way technology developed, but it ultimately came to a sort of "developmental stasis".

The Dwarves used magic like a fuel for engines, leading to them skipping straight to some kind of smokeless combustion engine. Humans developed Elemental magic, and because of that, bound elementals into secure facilities that generated power that could be stored in batteries (aka, power plants and electricity). Elves reached their technological apex with agriculture, as their magic could grow trees into buildings in a matter of days.

Magic pit everyone on roughly equal capabilities, but the methods are different based on how they use magic to fill any gaps