In 2023, Germany dominated the European non-electronic thermostat market with a share of 45.58% in units, despite a 2.97% decline from the previous year. France held the second position at 28.4%, growing by 4.77%. Italy, at 17.12%, experienced a minor decrease of 0.71%. Meanwhile, Slovakia at 8.48% saw a 2.11% increase. The remaining countries such as Spain, Estonia, Finland, Sweden, and Ireland held minimal shares, with notable growth in Estonia (14.3%) and Finland (27.23%).
As we look forward, watch for technological innovations and eco-friendly product demand impacting production and demand fluctuations across European countries, with countries like France and Estonia potentially seeing increased market presence due to positive growth patterns.
Top countries in Sold Production of Non-Electronic Thermostats Share by Country (Units (Items))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.58 | 2023 | -3.58% | -2.97% | View data |
| 2 | 2 France | 28.4 | 2023 | +3.48% | +4.77% | View data |
| 3 | 3 Italy | 17.12 | 2023 | -2.2% | -0.71% | View data |
| 4 | 4 Slovakia | 8.48 | 2023 | +4.65% | +2.11% | View data |
| 5 | 5 Spain | 2.51 | 2023 | -8.64% | -3.44% | View data |
| 6 | 6 Estonia | 0.085 | 2023 | +2.61% | +14.3% | View data |
| 7 | 7 Finland | 0.006 | 2023 | +8.65% | +27.23% | View data |
| 8 | 8 Sweden | 0.002 | 2023 | +24.46% | View data | |
| 9 | 9 Ireland | 0.002 | 2021 | View data |
