In 2023, Italy led in European sold production of LED indicator panels with a share of 23.59%, followed by Germany at 17.82% and the UK at 11.78%. Slovakia showed remarkable growth with a 43.13% increase, while Portugal grew by 81.21%, albeit from a smaller base. Denmark saw a 23.61% decline. Over the last five years, the market saw varied growth, with notable advances in Eastern Europe, especially Romania and Bulgaria, fueled by increasing manufacturing capabilities and demand.
Future trends indicate robust growth in Eastern European countries, leveraging lower production costs and increasing investments in technology. Western Europe remains stable, with potential growth driven by innovation and increasing demand for energy-efficient solutions.
Top countries in Sold Production of Indicator Panels Incorporating Light Emitting Diodes (LED) Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 23.59 | 2023 | +7.67% | +16.84% | View data |
| 2 | 2 Germany | 17.82 | 2023 | +8.85% | +3.75% | View data |
| 3 | 3 United Kingdom | 11.78 | 2023 | +2.55% | +5.76% | View data |
| 4 | 4 Sweden | 9.78 | 2023 | +4.69% | +5.08% | View data |
| 5 | 5 Romania | 9.76 | 2023 | +7.17% | +17.64% | View data |
| 6 | 6 France | 8.36 | 2023 | +8.83% | +8.23% | View data |
| 7 | 7 Slovakia | 5.56 | 2023 | +6.9% | +43.13% | View data |
| 8 | 8 Spain | 2.21 | 2023 | +16.16% | +4.85% | View data |
| 9 | 9 Finland | 1.61 | 2023 | +9.29% | +4.33% | View data |
| 10 | 10 Bulgaria | 0.81 | 2023 | +4.13% | +15.1% | View data |
