In 2023, Germany led the European sold production of measuring transformers under 1 kVA at €170.22 million, with a modest growth of 0.61%. Despite Italy's large output, it faced a considerable decline of 12.92%. France, the UK, and Croatia observed moderate increases, while the Hungarian market expanded significantly by 9.84%. Remarkable growth was seen in Denmark, up by 45.08%, and Greece at 18.28%. Spain also experienced a healthy surge of 15.15%. However, Finland's production contracted by 4.93%, and Estonia remained mostly stagnant.
Future trends to watch include technological advancements and the push for greener solutions increasing demand across Europe. Eastern European markets may present growth opportunities, given their economic outlook and industrial advancements. The focus on energy efficiency and smart grids could drive innovation and transformation in the sector.
Top countries in Sold Production of Measuring Transformers Having a Power Handling Capacity Less than 1 kVA by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 170,220,000 | 2023 | +2.55% | +0.61% | View data |
| 2 | 2 Czechia | 67,865,000 | 2023 | |||
| 3 | 3 Italy | 50,471,000 | 2023 | -7.37% | -12.92% | View data |
| 4 | 4 France | 49,049,000 | 2023 | +1.43% | +2.22% | View data |
| 5 | 5 United Kingdom | 33,738,000 | 2023 | +1.58% | +0.34% | View data |
| 6 | 6 Hungary | 29,743,000 | 2023 | +4.56% | +9.84% | View data |
| 7 | 7 Croatia | 26,912,000 | 2023 | +1.15% | +2.22% | View data |
| 8 | 8 Spain | 18,804,000 | 2023 | +7.6% | +15.15% | View data |
| 9 | 9 Denmark | 7,557,000 | 2023 | +11.9% | +45.08% | View data |
| 10 | 10 Finland | 5,709,600 | 2023 | -6.74% | -4.93% | View data |
