The European sold production of LED indicator panels is led by Italy with the highest value at 109.45 million euros in 2023, experiencing a 16.84% growth from the previous year. Germany follows with a production value of 82.695 million euros and a modest 3.75% increase. The UK and Sweden also show positive year-on-year trends with increases of 5.76% and 5.08%, respectively. Notably, Slovakia recorded a significant surge of 43.13%. In contrast, Denmark faced a decline of 23.61%, the most substantial decrease among the countries analyzed.
Future trends indicate an expected continuous expansion in European LED indicator panel production driven by technological advancements and increasing demand for energy-efficient and durable lighting solutions. Sustainable production practices and sector innovations will be pivotal in maintaining this growth trajectory.
Top countries in Sold Production of Indicator Panels Incorporating Light Emitting Diodes (LED) by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 109,450,000 | 2023 | +7.67% | +16.84% | View data |
| 2 | 2 Germany | 82,695,000 | 2023 | +8.85% | +3.75% | View data |
| 3 | 3 United Kingdom | 54,646,000 | 2023 | +2.55% | +5.76% | View data |
| 4 | 4 Sweden | 45,374,000 | 2023 | +4.69% | +5.08% | View data |
| 5 | 5 Romania | 45,260,000 | 2023 | +7.17% | +17.64% | View data |
| 6 | 6 France | 38,805,000 | 2023 | +8.83% | +8.23% | View data |
| 7 | 7 Slovakia | 25,812,000 | 2023 | +6.9% | +43.13% | View data |
| 8 | 8 Spain | 10,269,000 | 2023 | +16.16% | +4.85% | View data |
| 9 | 9 Finland | 7,483,900 | 2023 | +9.29% | +4.33% | View data |
| 10 | 10 Bulgaria | 3,739,800 | 2023 | +4.13% | +15.1% | View data |
