The European sold production of safety or relief valves is led by Germany, capturing the largest share. Germany showed a modest growth of 3.79% in 2023, while Italy, the second largest, experienced a decline of 3.67%. France and the UK saw slight increases of 2.56% and 2.1%, respectively. Smaller markets like Hungary and Finland showed significant upticks, notably Finland with a remarkable 20.08% increase. Estonia faced a reduction of 2.98%.
Future trends to watch include potential advancements in valve technology and increasing demand driven by safety regulations, especially in Eastern European countries, potentially altering the market landscape. Environmental requirements may also impact production trends and national shares.
Top countries in Sold Production of Safety or Relief Valves for Pipes, Boiler Shells, Tanks, Vats and the Like Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.57 | 2023 | +2.64% | +3.79% | View data |
| 2 | 2 Italy | 19.2 | 2023 | -3.85% | -3.67% | View data |
| 3 | 3 France | 16.36 | 2023 | +0.79% | +2.56% | View data |
| 4 | 4 United Kingdom | 14.57 | 2023 | +0.27% | +2.1% | View data |
| 5 | 5 Spain | 2.62 | 2023 | +0.44% | +1.56% | View data |
| 6 | 6 Czechia | 1.73 | 2023 | |||
| 7 | 7 Portugal | 1.11 | 2021 | -10.68% | +3.56% | View data |
| 8 | 8 Hungary | 0.2 | 2023 | +5.49% | +5.92% | View data |
| 9 | 9 Denmark | 0.14 | 2021 | +170.91% | -44.58% | View data |
| 10 | 10 Finland | 0.038 | 2023 | +18.64% | +20.08% | View data |
