Italy leads in European sold production of LED indicator panels with significant growth of 52.01% in 2023, reaching 4.2696 million kilograms. Romania follows with 0.86098 million kilograms, up 17.64%. France, United Kingdom, and Slovakia also show positive growth. Portugal reports a remarkable 57% increase despite smaller production volumes. Sweden and Denmark are the only countries showing noticeable declines, with -12.34% and -21.2% respectively. Finland, Bulgaria, and other smaller producers experience modest gains, stabilizing the region's overall growth trajectory.
Future trends to watch include continued technological advancements and regional regulatory changes potentially impacting production and demand. Italy's sustained growth leadership and Portugal's rapid expansion offer insights into shifting competitive dynamics and evolving market opportunities within Europe.
Top countries in Sold Production of Indicator Panels Incorporating Light Emitting Diodes (LED) by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,269,600 | 2023 | +8.67% | +52.01% | View data |
| 2 | 2 Romania | 860,980 | 2023 | +7.17% | +17.64% | View data |
| 3 | 3 France | 539,240 | 2023 | +8.93% | +9.51% | View data |
| 4 | 4 United Kingdom | 495,680 | 2023 | -0.61% | +2.12% | View data |
| 5 | 5 Sweden | 217,870 | 2023 | -23.9% | -12.34% | View data |
| 6 | 6 Portugal | 200,240 | 2023 | +60.06% | +57% | View data |
| 7 | 7 Spain | 188,980 | 2023 | +15.81% | +2.89% | View data |
| 8 | 8 Slovakia | 162,810 | 2023 | +6.48% | +38.66% | View data |
| 9 | 9 Finland | 135,510 | 2023 | +22.35% | +11.33% | View data |
| 10 | 10 Bulgaria | 94,250 | 2023 | +1.74% | +3.38% | View data |
