In 2023, Germany leads with a turnover of €50.96 billion. Significant growth rates were observed in Germany (13.38%), Greece (19.0%), and Bosnia and Herzegovina (19.22%). Notable declines occurred in Belgium (-15.25%) and Denmark (-6.74%). The average yearly change over the last five years (CAGR) indicates consistent growth, with Germany maintaining a strong upward trend.
Looking forward, advancements in smart grid technology, renewable energy integration, and shifts towards sustainable energy solutions will heavily influence market dynamics. Key focus areas will be digitalization, increased energy efficiency, and regulatory changes aimed at reducing carbon footprints, particularly in leading economies such as Germany and France.
Top countries in Electricity Distribution and Control Apparatus Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 50,960 | 2023 | +3.9% | +13.38% | View data |
| 2 | 2 France | 12,760 | 2023 | +3.12% | +0.038% | View data |
| 3 | 3 Italy | 9,490 | 2023 | +3.52% | +3.88% | View data |
| 4 | 4 Czech Republic | 4,680 | 2023 | +7.82% | +5.79% | View data |
| 5 | 5 Sweden | 3,290 | 2023 | +2.45% | +0.24% | View data |
| 6 | 6 Spain | 2,980 | 2023 | +4.67% | +4.39% | View data |
| 7 | 7 Austria | 2,710 | 2023 | +3.19% | +2.1% | View data |
| 8 | 8 Poland | 2,220 | 2023 | +3.71% | +1.31% | View data |
| 9 | 9 United Kingdom | 1,540 | 2023 | -7.19% | -3.48% | View data |
| 10 | 10 Bulgaria | 829.4 | 2023 | +7.79% | +9.24% | View data |
