In 2024, Italy dominated the European export of industrial or laboratory electric furnaces and ovens, contributing 66.67% of the market by units, followed by Germany at 9.6% and the United Kingdom at 8.93%. While Italy saw moderate growth, Portugal and Greece displayed significant year-on-year increases, over 47% and 76% respectively. France showed a close to 10% growth, while Spain and the UK faced declines. Over a five-year period, a nuanced trend portrays continental Europe's varied positions with an overall growth noted in emerging exporters like Romania and Poland.
Future trends to watch include Italy's continued high market presence, potential repositioning of Germany and France, and the increasing market share of smaller countries like Romania and Poland, driven by technological advancements and strategic investments. Monitoring these trends in upcoming environmental regulations and market demands could further alter the landscape.
Top countries in Export of Industrial or Laboratory Electric Furnaces and Ovens Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 66.67 | 2023 | +5.06% | +4.22% | View data |
| 2 | 2 Germany | 9.6 | 2023 | +2.6% | +0.98% | View data |
| 3 | 3 United Kingdom | 8.93 | 2023 | +4.22% | -4.48% | View data |
| 4 | 4 Belgium | 2.77 | 2021 | +57.2% | +44% | View data |
| 5 | 5 Spain | 2.28 | 2023 | -2.85% | -8.02% | View data |
| 6 | 6 Lithuania | 2.16 | 2023 | -1.9% | -1.07% | View data |
| 7 | 7 France | 2.03 | 2023 | +15.11% | +9.89% | View data |
| 8 | 8 Sweden | 1.23 | 2023 | +5.19% | -0.26% | View data |
| 9 | 9 Portugal | 0.47 | 2023 | +12.98% | +47.48% | View data |
| 10 | 10 Netherlands | 0.39 | 2021 | -32.53% | -0.91% | View data |
