The European market for installation services of electrical equipment is led by Germany, with Italy and France also holding significant shares. Notable growth trends from 2023 include substantial increases in the Netherlands, Sweden, Slovakia, and Norway, while the United Kingdom and Hungary faced declines. Sweden and the Netherlands exhibited strong year-on-year growth, indicating burgeoning potential. Conversely, Brexit-related uncertainties appear to have impacted the UK's performance. Estonia suffered the largest contraction, posing challenges for rapid recovery.
Future trends to watch include the sustained expansion in Nordic countries, a continued surge in demand within the Netherlands, and potential recovery for beleaguered markets like Hungary and the UK, as they adapt to shifting EU dynamics and renewable energy policies.
Top countries in Sold Production of Installation Services of Electrical Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.19 | 2023 | +0.97% | -0.96% | View data |
| 2 | 2 Italy | 17.01 | 2023 | +7.16% | +6.85% | View data |
| 3 | 3 France | 16.33 | 2023 | +2.9% | +1.12% | View data |
| 4 | 4 Austria | 8.5 | 2023 | +7.85% | +2.28% | View data |
| 5 | 5 Netherlands | 6.89 | 2023 | +13.12% | +18.78% | View data |
| 6 | 6 Belgium | 6.62 | 2023 | +3.56% | +3.13% | View data |
| 7 | 7 Spain | 4.9 | 2023 | +8.53% | +4.09% | View data |
| 8 | 8 Poland | 3.45 | 2023 | +1.64% | +0.84% | View data |
| 9 | 9 Czechia | 2.34 | 2023 | |||
| 10 | 10 Slovakia | 2.31 | 2023 | +4.39% | +7.83% | View data |
