In 2023, Germany led the European market for multi-shaft screw compressors with a production value of 725.73 million Euros, followed by Italy at 344.26 million Euros. The United Kingdom and France trailed significantly with 70.21 million Euros and 28.47 million Euros respectively. Finland, Hungary, Denmark, and Estonia produced less in comparison, indicating a more concentrated production landscape.
Germany's year-on-year growth was modest at 1.14%, while Italy and the UK saw growth rates over 2.5%. France and Finland exhibited stronger growth, achieving rates above 5%. Hungary showed the most dynamic shift with a 15.84% increase, while Denmark remained stable and Estonia's production was negligible.
Future trends to watch include the technological advancements and potential shifts toward eco-friendly solutions which may influence market dynamics. Additionally, any geopolitical developments or economic adjustments within the EU could impact production rates and competitive positioning among these countries.
Top countries in Sold Production of Multi-Shaft Screw Compressors by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 725,730,000 | 2023 | +1.25% | +1.14% | View data |
| 2 | 2 Italy | 344,260,000 | 2023 | +6.26% | +2.64% | View data |
| 3 | 3 United Kingdom | 70,207,000 | 2023 | -1.05% | +2.66% | View data |
| 4 | 4 France | 28,468,000 | 2023 | +1.03% | +5.38% | View data |
| 5 | 5 Finland | 23,111,000 | 2023 | +12.51% | +7.76% | View data |
| 6 | 6 Hungary | 9,921,400 | 2023 | +5.79% | +15.84% | View data |
| 7 | 7 Denmark | 23,830 | 2023 | +98.5% | +1% | View data |
| 8 | 8 Estonia | 88 | 2023 | +4.76% | View data |
