In 2023, Germany led the European market for connections and contact elements for wires and cables under 1 kV with a 35.22% share, followed by France at 24.71%. Poland and Hungary showed significant growth with year-on-year variations of 5.86% and 5.81%, respectively. Italy experienced a healthy 5.91% increase. However, countries like Denmark and Greece faced declines of 9.3% and 6.46%, respectively. Lithuania demonstrated exceptional growth with a 13.92% increase. Over the past five years, the average growth has been modest, with Germany maintaining its dominance.
Future trends to watch include technological advancements in connectivity and increased demand for efficient electrical infrastructure, likely driving further growth in Eastern Europe. The shift towards sustainable energy sources might also impact the demand dynamics, presenting opportunities for market expansion and innovation.
Top countries in Sold Production of Connections and Contact Elements for Wires and Cables for a Voltage Less than 1 kV Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.22 | 2023 | +1.24% | +3.81% | View data |
| 2 | 2 France | 24.71 | 2023 | +2.84% | +1.31% | View data |
| 3 | 3 Poland | 9.12 | 2023 | +5.51% | +5.86% | View data |
| 4 | 4 Hungary | 7.74 | 2023 | +4.43% | +5.81% | View data |
| 5 | 5 Italy | 6.27 | 2023 | +9.85% | +5.91% | View data |
| 6 | 6 Spain | 5.2 | 2023 | +5.46% | +0.43% | View data |
| 7 | 7 United Kingdom | 4.06 | 2023 | +0.58% | +5.18% | View data |
| 8 | 8 Sweden | 2.69 | 2023 | +7.34% | +0.95% | View data |
| 9 | 9 Romania | 1.44 | 2023 | +4.9% | +5.33% | View data |
| 10 | 10 Austria | 1.18 | 2023 | +3.03% | +2.16% | View data |
