In 2023, Germany remained the leader in European production of resistance heated industrial or laboratory furnaces and ovens, with a significant share of 52.07%. France showed modest growth, increasing by 1.07% to capture 14.23% of the market. Italy experienced a substantial decrease of 14.6%, occupying 10.01%. The UK and Poland exhibited positive growth, enhancing their shares by 4.61% and 5.13%, respectively. Portugal underwent the highest year-on-year growth of 282.66%. During the last five years, the industry's CAGR highlights moderate fluctuations with unique trajectories by country. Future trends will likely focus on energy efficiency and technological advancements driving growth.
Top countries in Sold Production of Resistance Heated Industrial or Laboratory Furnaces and Ovens (Excluding Electric Bakery and Biscuit Ovens) Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 52.07 | 2023 | +5.58% | -0.54% | View data |
| 2 | 2 France | 14.23 | 2023 | +8.84% | +1.07% | View data |
| 3 | 3 Italy | 10.01 | 2023 | +11.51% | -14.6% | View data |
| 4 | 4 United Kingdom | 5.87 | 2023 | +2.34% | +4.61% | View data |
| 5 | 5 Czechia | 5.54 | 2023 | |||
| 6 | 6 Poland | 4.16 | 2023 | +2.61% | +5.13% | View data |
| 7 | 7 Austria | 2.88 | 2021 | View data | ||
| 8 | 8 Spain | 2.05 | 2023 | +3.85% | -1.35% | View data |
| 9 | 9 Denmark | 0.28 | 2023 | +10.43% | View data | |
| 10 | 10 Portugal | 0.25 | 2023 | +18.87% | +282.66% | View data |
