In 2023, Germany dominated the market with significant production volume at 213.16 million items, followed by Austria and Czechia. Noteworthy growth occurred in Bulgaria with a year-on-year increase over 400%, potentially due to investments or demand surges. Estonia, Spain, and Sweden also recorded impressive growth rates, despite relatively smaller volumes. Conversely, Macedonia and Italy experienced notable declines. Overall, the sector exhibited sporadic growth patterns across Europe, with Germany maintaining a dominant position.
Future trends to watch include:
- An increased focus on renewable energy and smart grid technologies could drive demand further.
- Emerging markets such as Eastern European countries may see continued investment, impacting production volumes positively.
- Technological advancements and regulatory changes could influence shifts in production across different countries.
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 | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 213,160,000 | 2023 | +2.64% | +1.88% | View data |
| 2 | 2 Austria | 17,997,000 | 2023 | +6.79% | +13.97% | View data |
| 3 | 3 Czechia | 17,379,000 | 2023 | |||
| 4 | 4 Bulgaria | 10,830,000 | 2023 | +7.37% | +407.94% | View data |
| 5 | 5 Slovakia | 10,200,000 | 2023 | +6.1% | +0.63% | View data |
| 6 | 6 Hungary | 8,985,800 | 2023 | +1.59% | +1.85% | View data |
| 7 | 7 Finland | 8,588,800 | 2023 | +22.4% | +3.63% | View data |
| 8 | 8 United Kingdom | 7,030,200 | 2023 | +1.05% | +0.51% | View data |
| 9 | 9 Denmark | 6,325,800 | 2023 | +7.68% | +12.37% | View data |
| 10 | 10 France | 4,963,400 | 2023 | +0.79% | +3.21% | View data |
