In 2023, Germany led the European market for boards and other bases with electrical switching or protecting apparatus for voltages over 1,000 V, contributing approximately 42.5% of the total market value. Spain and France followed with 12.08% and 10.31%, respectively. Portugal showed the most significant growth year-on-year, with a 21% increase, while Austria and Croatia experienced declines of -4.89% and -4.33%, respectively. Over the last five years, collective growth trends suggest a stabilization in Germany, with other nations exhibiting varied positive trends.
Looking ahead, the focus may shift towards sustainable and efficient energy solutions as they continue to drive demand. Countries like Spain and Portugal, showing strong growth, are likely to capitalize on green energy transitions. Market participants should watch for innovation in smart grid technologies and evolving regulations that could impact market dynamics across Europe.
Top countries in Sold Production of Boards and Other Bases, Equipped with Electrical Switching or Protecting Apparatus, for a Voltage More than 1 000 V Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.5 | 2023 | -0.38% | +0.71% | View data |
| 2 | 2 Spain | 12.08 | 2023 | +5.39% | +6.45% | View data |
| 3 | 3 France | 10.31 | 2023 | +11.51% | +6.07% | View data |
| 4 | 4 Czechia | 9.46 | 2023 | |||
| 5 | 5 United Kingdom | 9.41 | 2023 | +2.76% | +7.6% | View data |
| 6 | 6 Italy | 4.85 | 2023 | +4.71% | +12.89% | View data |
| 7 | 7 Portugal | 3.91 | 2023 | +29.85% | +21% | View data |
| 8 | 8 Denmark | 3.64 | 2023 | +0.66% | +13.99% | View data |
| 9 | 9 Sweden | 1.31 | 2023 | +3.25% | +5.94% | View data |
| 10 | 10 Finland | 0.98 | 2023 | +6.35% | -0.3% | View data |
