Germany leads the European production of electrical boards for voltages less than 1,000 V with a significant margin, valued at 8.67 billion Euros in 2023. Austria and the United Kingdom follow, with over 1 billion Euros each. Notably, Bulgaria and Greece showed the highest year-on-year growth rates at 8.84% and 20.3%, respectively, in 2023, despite being among the lower-value contributors. Conversely, France experienced a notable decline of 20.27% in the same period.
Future trends to watch include:
- Technological innovations in energy efficiency and smart grid integration may fuel demand.
- European Union's green policies could boost investments in sustainable electrical infrastructure.
- Eastern European countries, witnessing substantial growth rates, might increase their market share further.
Top countries in Sold Production of Boards and Other Bases, Equipped with Electrical Switching or Protecting Apparatus, for a Voltage Less than 1 000 V by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,673,800,000 | 2023 | +1.72% | +1.13% | View data |
| 2 | 2 Austria | 1,329,400,000 | 2023 | +5.97% | +5.65% | View data |
| 3 | 3 United Kingdom | 1,169,300,000 | 2023 | +1.07% | +1.42% | View data |
| 4 | 4 Poland | 612,200,000 | 2023 | +3.25% | +4.94% | View data |
| 5 | 5 Czechia | 550,850,000 | 2023 | |||
| 6 | 6 Spain | 541,160,000 | 2023 | +7.97% | +4.19% | View data |
| 7 | 7 Netherlands | 459,110,000 | 2023 | +1.92% | +4.04% | View data |
| 8 | 8 Slovakia | 432,910,000 | 2023 | +6.26% | +2.59% | View data |
| 9 | 9 Ireland | 407,260,000 | 2023 | +14.53% | +7.33% | View data |
| 10 | 10 Denmark | 364,880,000 | 2023 | +1.47% | +7.78% | View data |
