Germany leads the European market for boards, panels, and related apparatuses with sold production reaching €1.603 billion. France and Italy follow, but each showed contrasting trends last year, with France growing by 1.45% and Italy contracting by 1.48%. Notably, Finland and Estonia experienced significant growth above 9% in 2023, while the Netherlands saw the highest increase at 17.61%. Spain, Poland, and Austria also registered noteworthy growth figures. Conversely, the UK and Italy saw minor declines.
Future trends to watch include sustained growth in emerging markets like Finland and Estonia. Investments in digitization and smart grid technologies could propel markets like Germany and France further. Expanding applications of control apparatus in renewable energy projects may stimulate additional demand across Europe.
Top countries in Sold Production of Boards, Panels, Consoles, Desks, Cabinets and Other Bases for Apparatus for Electric Control or the Distribution of Electricity by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,603,300,000 | 2023 | +5.03% | +0.18% | View data |
| 2 | 2 France | 687,180,000 | 2023 | +6.49% | +1.45% | View data |
| 3 | 3 Italy | 607,440,000 | 2023 | +1.9% | -1.48% | View data |
| 4 | 4 United Kingdom | 279,280,000 | 2023 | -1.53% | -1.68% | View data |
| 5 | 5 Spain | 273,270,000 | 2023 | +6.78% | +3.42% | View data |
| 6 | 6 Poland | 251,340,000 | 2023 | +3.23% | +4.03% | View data |
| 7 | 7 Czechia | 223,730,000 | 2023 | |||
| 8 | 8 Denmark | 148,050,000 | 2023 | +6.6% | +1.46% | View data |
| 9 | 9 Finland | 109,010,000 | 2023 | +7.31% | +9.77% | View data |
| 10 | 10 Romania | 89,261,000 | 2023 | +1.99% | +4.59% | View data |
