In 2023, Germany led the European market for industrial and laboratory electric furnaces and ovens with a significant share of the sold production value at 52.85%. Notably, Germany saw a 3.33% increase compared to the previous year. Italy held second place, despite declining by 6.37%. France and the UK followed, with moderate growth. Dynamic growth occurred in Portugal and Denmark, with Portugal experiencing an 11.72% increase. Contrarily, Eastern European countries such as Romania and Croatia showed significant declines, with -28.88% and -22.25% respectively.
Future trends to watch in the European market involve potential growth driven by sustainable and energy-efficient technologies, which could lead to increased production shares for countries that adapt quickly. Moreover, green technologies and innovations could lead to increased competition and shifts in market shares among European countries.
Top countries in Sold Production of Industrial or Laboratory Electric Furnaces and Ovens Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 52.85 | 2023 | +4.2% | +3.33% | View data |
| 2 | 2 Italy | 20.18 | 2023 | +6.63% | -6.37% | View data |
| 3 | 3 France | 12.53 | 2023 | +6.62% | +0.89% | View data |
| 4 | 4 United Kingdom | 4.87 | 2023 | -0.32% | +1.71% | View data |
| 5 | 5 Czechia | 3.6 | 2023 | |||
| 6 | 6 Spain | 2.54 | 2023 | +18.84% | -1.51% | View data |
| 7 | 7 Poland | 2.51 | 2023 | +3.55% | +5.76% | View data |
| 8 | 8 Portugal | 1.61 | 2023 | +31.08% | +11.72% | View data |
| 9 | 9 Denmark | 0.64 | 2023 | +9.41% | +9.82% | View data |
| 10 | 10 Austria | 0.27 | 2023 | +9.02% | View data |
