Belgium and Italy lead in the share of European sold production of measuring instruments, accounting for over 28% each. Germany follows with around 20%. The United Kingdom and Romania contribute modest shares of approximately 6% each. Smaller markets like France, Spain, and Denmark are below 3%. Notable year-on-year changes in 2023 included Italy's significant increase of over 61% and Estonia's 31% rise. Conversely, Germany and the United Kingdom experienced declines, while Bulgaria saw a dramatic drop of over 50%.
Looking forward, the European market for these instruments is expected to see growth, particularly from technological advancements and increased demand for precision instrumentation. Emerging markets in Eastern Europe may contribute additional gains, while Western European countries might focus on advancements in smart technology integration.
Top countries in Sold Production of Hydrometers, Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 28.31 | 2023 | +11.53% | +4.01% | View data |
| 2 | 2 Italy | 28.24 | 2023 | +2.48% | +61.18% | View data |
| 3 | 3 Germany | 19.61 | 2023 | -8.22% | -5.47% | View data |
| 4 | 4 United Kingdom | 6.03 | 2023 | -7.57% | -10.11% | View data |
| 5 | 5 Romania | 5.94 | 2023 | +5.25% | +2.77% | View data |
| 6 | 6 Denmark | 2.82 | 2023 | +14.71% | +5.42% | View data |
| 7 | 7 Sweden | 2.13 | 2023 | +2.84% | View data | |
| 8 | 8 Croatia | 1.64 | 2023 | +1.1% | -2.79% | View data |
| 9 | 9 France | 1.62 | 2023 | +7.99% | +3.04% | View data |
| 10 | 10 Spain | 1.62 | 2023 | -7.04% | -9.1% | View data |
