In 2023, the production of hydrometers, thermometers, pyrometers, barometers, hygrometers, and psychrometers in Germany reached a volume of 10 million items. Forecasted data indicates a declining trend over the next five years, decreasing from 9.07 million items in 2024 to 4.66 million items by 2028. This represents an average annual decrease (CAGR) of approximately -14.35%. The significant drops are anticipated year-on-year, with an estimated decrease of around -12.34% from 2024 to 2025, continuing at similar rates through 2028.
Future trends to watch for include:
- Technological advancements leading to more efficient or multifunctional devices, potentially impacting production volumes.
- Environmental concerns influencing demand patterns for these meteorological instruments.
- Increased global competition possibly affecting the pricing and production strategies in Germany.