In 2023, Germany led European production of thermostats and regulating instruments, followed by Italy and Portugal. Variations indicate Germany and France experienced marginal declines, while Italy, Portugal, and Belgium saw notable growth. Denmark, Spain, Poland, Netherlands, and smaller Eastern European markets reported moderate growth. The UK and Sweden experienced contractions, with Serbia seeing the steepest production decline. Overall, the five-year CAGR highlights consistent growth in several smaller markets.
Future trends to monitor include the increased emphasis on energy efficiency and smart home technologies, which may drive demand across Europe. Additionally, regulatory developments and innovation in green technologies could further influence production dynamics.
Top countries in Sold Production of Thermostats, Manostats and Other Automatic Regulating or Controlling Instruments and Apparatus by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,970,800,000 | 2023 | +0.89% | -0.96% | View data |
| 2 | 2 Italy | 427,510,000 | 2023 | +3.25% | +6.33% | View data |
| 3 | 3 Portugal | 373,040,000 | 2023 | +46.6% | +11.84% | View data |
| 4 | 4 France | 351,640,000 | 2023 | -0.72% | -1.07% | View data |
| 5 | 5 Denmark | 234,020,000 | 2023 | +3.18% | +1.43% | View data |
| 6 | 6 Spain | 230,980,000 | 2023 | +2.68% | +0.78% | View data |
| 7 | 7 United Kingdom | 170,860,000 | 2023 | -8.17% | -7.77% | View data |
| 8 | 8 Poland | 143,460,000 | 2023 | +3.74% | +2.89% | View data |
| 9 | 9 Czechia | 98,891,000 | 2023 | |||
| 10 | 10 Netherlands | 91,224,000 | 2023 | +6.32% | +3.04% | View data |
