Germany leads the global export of electrical control and distribution boards for a voltage not exceeding 1 kV, followed by China and the United States. Germany accounts for nearly one-fifth of exports, while the next three key players—China, the US, and Mexico—contribute significantly but not at Germany's level. The industry exhibits steady growth, with notable increases from countries like Hungary, Ireland, and Slovakia. However, Japan and Malaysia showed negative trends, reflecting potential market shifts.
Future trends to watch include:
- Asia's expanding role, driven by China's continuous growth.
- Potential fluctuation in European markets due to economic adjustments.
- Innovation and energy efficiency developments influencing export demands.
Top countries in Export of Electrical Control and Distribution Boards for a Voltage Not Exceeding 1 kV Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.19 | 2023 | +3.42% | +3.04% | View data |
| 2 | 2 China | 13.81 | 2023 | +4.27% | +3.94% | View data |
| 3 | 3 United States | 10.03 | 2023 | +3.03% | +3.33% | View data |
| 4 | 4 Mexico | 7.13 | 2023 | +3.1% | +3.16% | View data |
| 5 | 5 Japan | 4.33 | 2023 | +0.79% | -1.52% | View data |
| 6 | 6 Hungary | 4.27 | 2023 | +4.36% | +5.18% | View data |
| 7 | 7 Romania | 4.16 | 2023 | +4.85% | +4.61% | View data |
| 8 | 8 Thailand | 2.89 | 2023 | +4.23% | +4.37% | View data |
| 9 | 9 France | 2.7 | 2023 | +3.44% | +3.02% | View data |
| 10 | 10 South Korea | 2.65 | 2023 | +3.42% | +3.48% | View data |
