The Finnish market for electrical resistors, excluding heating resistors, exhibited a substantial growth trend from 2013 to 2023. In 2023, it stood at 18.771 million euros, marking a year-on-year growth rate of 6.29%. Over the past five years, the market experienced an average growth rate (CAGR) of 1.22%, highlighting a recovery from previous declines in 2018 and 2020. While the market faced a significant drop in 2020, it has since bounced back, maintaining positive growth in consecutive years leading up to 2023.
Future trends to watch for include the increasing integration of advanced technologies and demand from emerging sectors, which could further propel market expansion. Additionally, a focus on sustainability and efficiency may drive innovation and adoption of more sophisticated resistor technologies within Finland.
How does Finland rank in Electrical Resistors (Excluding Heating Resistors) Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 155,970,000 | 2023 | +3% | +3.6% | View data |
| 2 | 2 France | 116,420,000 | 2023 | +0.78% | +2.38% | View data |
| 3 | 3 Poland | 113,090,000 | 2023 | +4.85% | +6.61% | View data |
| 4 | 4 Italy | 100,780,000 | 2023 | +1.21% | +0.52% | View data |
| 5 | 5 Denmark | 40,478,000 | 2023 | +3.48% | -0.045% | View data |
| 6 | 6 Finland | 18,771,000 | 2023 | +6.29% | +1.22% |
