Plugs and Sockets for Coaxial Cables for a Voltage Less than 1 kV Market Size Value in Lithuania

Between 2013 and 2023, the Lithuanian market for plugs and sockets for coaxial cables under 1 kV has seen consistent growth. Starting at 903.2 thousand Euros in 2013, it reached 1932.4 thousand Euros in 2023. Yearly growth rates varied, with significant increases in 2015 and 2016, and more moderated growth thereafter. Noteworthy is the compounded annual growth rate (CAGR) over the last five years, standing at 6.07%, reflecting a steady and sustainable market expansion.

Future trends to watch for include:

  • Technological advancements enhancing product efficiency.
  • Expanding applications in telecommunications and data transmission.
  • Increasing demand for high-quality, reliable coaxial connectors in emerging technologies.
  • Potential impact of regulatory changes on the market.

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