Austria leads the market in European sold production of parts for hydraulic turbines and water wheels in 2023, with a significant share of 60.98%. Spain and Germany follow, albeit with far smaller shares at 16.45% and 7.7% respectively. Notably, Italy saw significant year-on-year growth with a 20.06% increase. Other countries like Hungary and Croatia show modest market presence and growth, while Estonia experienced a decline. Generally, small variations suggest market stability over the past two years, with Austria's dominant position being particularly noteworthy.
Looking ahead, the market might see increased competition as countries like Spain and Germany potentially focus on innovation and efficiency in turbine parts production. Environmental policies and technological advancements will likely shape future trends, influencing both market demand and production strategies across Europe.
Top countries in Sold Production of Parts for Hydraulic Turbines and Water Wheels Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 60.98 | 2023 | +2.89% | +10.76% | View data |
| 2 | 2 Spain | 16.45 | 2023 | +8.94% | +0.091% | View data |
| 3 | 3 Germany | 7.7 | 2023 | -3.91% | +4.88% | View data |
| 4 | 4 Italy | 6.91 | 2023 | +46.7% | +20.06% | View data |
| 5 | 5 Czechia | 5.47 | 2023 | |||
| 6 | 6 Hungary | 1.59 | 2023 | +5.81% | +15.84% | View data |
| 7 | 7 Croatia | 0.68 | 2023 | +5.46% | +1.64% | View data |
| 8 | 8 Portugal | 0.082 | 2023 | +3.27% | View data | |
| 9 | 9 Estonia | 0.003 | 2023 | -32.11% | -17.55% | View data |
