In 2023, Belgium and Italy led European sold production volumes, with Italy showing a significant year-on-year increase of 61.18%. Germany and the UK faced declines, while Denmark and Romania posted modest growth. Smaller markets like Estonia exhibited robust growth at 31.38%, whereas Bulgaria experienced a sharp decline. Despite some negative trends, the overall market demonstrates resilience with specific countries showing strong performance in production.
Future trends indicate potential growth in precision instrumentation driven by technological advancements and environmental monitoring needs. Continued volatility, influenced by regulatory changes and trade dynamics, is expected as countries adjust production capabilities and explore new market demands.
Top countries in Sold Production of Hydrometers, Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 14,717,000 | 2023 | +11.53% | +4.01% | View data |
| 2 | 2 Italy | 14,685,000 | 2023 | +2.48% | +61.18% | View data |
| 3 | 3 Germany | 10,198,000 | 2023 | -8.22% | -5.47% | View data |
| 4 | 4 United Kingdom | 3,135,100 | 2023 | -7.57% | -10.11% | View data |
| 5 | 5 Romania | 3,090,800 | 2023 | +5.25% | +2.77% | View data |
| 6 | 6 Denmark | 1,463,700 | 2023 | +14.71% | +5.42% | View data |
| 7 | 7 Sweden | 1,106,000 | 2023 | +2.84% | View data | |
| 8 | 8 Croatia | 854,170 | 2023 | +1.1% | -2.79% | View data |
| 9 | 9 France | 842,390 | 2023 | +7.99% | +3.04% | View data |
| 10 | 10 Spain | 839,870 | 2023 | -7.04% | -9.1% | View data |
