In 2024, Italy leads in European sold production of measuring transformers under 1 kVA with 11.525 million items. Germany and Hungary follow with 3.6411 and 2.3297 million, respectively. The value in Italy reflects a 4.86% increase from 2023, while Hungary sees significant growth at 23.51%. Conversely, France and the UK show declines at -7.31% and -0.31%, respectively. Over the past five years, Hungary stands out for its strong CAGR, with its rapid development surpassing other European countries.
Future trends to watch include:
- Italy's sustained growth trajectory due to high production volumes.
- Germany's stable but slower growth, with potential for market consolidation.
- Hungary's expanding influence, possibly driven by technological innovations.
- Vigilance on declining trends in France and the UK, necessitating market strategy adjustments.
- Regional geopolitical and economic factors that could impact production dynamics.
Top countries in Sold Production of Measuring Transformers Having a Power Handling Capacity Less than 1 kVA by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11,525,000 | 2023 | +1.29% | +4.86% | View data |
| 2 | 2 Germany | 3,641,100 | 2023 | +5.43% | +0.47% | View data |
| 3 | 3 Hungary | 2,329,700 | 2023 | +5.62% | +23.51% | View data |
| 4 | 4 Czechia | 1,430,700 | 2023 | |||
| 5 | 5 France | 920,190 | 2023 | +1.14% | -7.31% | View data |
| 6 | 6 Spain | 909,900 | 2023 | +6% | +4.13% | View data |
| 7 | 7 United Kingdom | 902,960 | 2023 | +1.66% | -0.31% | View data |
| 8 | 8 Finland | 30,150 | 2021 | -0.74% | -0.47% | View data |
| 9 | 9 Denmark | 29,930 | 2021 | -54.55% | +14.48% | View data |
| 10 | 10 Greece | 24,710 | 2023 | +3.6% | +11.18% | View data |
