In 2023, Germany led the European market for numerical control panels ranging from 1,000V to 72.5kV with a sold production value of 1.03 billion Euros. Spain and France followed with 0.354 and 0.286 billion Euros, respectively. Most countries observed positive year-on-year growth, with Portugal and Bulgaria standing out with significant increases of over 20% and 16% respectively. Conversely, Finland and Croatia saw declines, with Finland plummeting by over 14%. Over the past five years, Italy, Denmark, and Norway have shown strong CAGR growth, while Austria and Sweden have shown declines.
Future trends to watch include:
- The potential for expanded production capabilities in Germany to maintain its leading market position.
- Spain and France's efforts to increase production and catch up to Germany's output.
- Technological advancements potentially impacting production efficiencies and capacities across countries.
- Regional policy changes concerning energy and manufacturing that may influence production growth rates, particularly in emerging markets within the EU.
Top countries in Sold Production of Numerical Control Panels for a Voltage 1 000 V - 72,5 kV by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,030,200,000 | 2023 | -0.016% | +2.18% | View data |
| 2 | 2 Spain | 354,410,000 | 2023 | +5.29% | +6.19% | View data |
| 3 | 3 France | 286,030,000 | 2023 | +10.52% | +5.96% | View data |
| 4 | 4 United Kingdom | 273,880,000 | 2023 | +3.17% | +8.21% | View data |
| 5 | 5 Czechia | 238,840,000 | 2023 | |||
| 6 | 6 Italy | 125,020,000 | 2023 | +3.81% | +9.94% | View data |
| 7 | 7 Portugal | 117,050,000 | 2023 | +29.86% | +21.02% | View data |
| 8 | 8 Denmark | 109,190,000 | 2023 | +0.7% | +14.01% | View data |
| 9 | 9 Norway | 24,012,000 | 2023 | +4.07% | +15.35% | View data |
| 10 | 10 Austria | 13,458,000 | 2023 | -1.03% | -1.58% | View data |
