In 2023, Germany led the European market for boards and other bases with electrical switching or protecting apparatus for voltages over 1,000 V, valued at 1.2737 billion euros, with a modest growth of 0.71%. Spain and France showed significant increases of 6.45% and 6.07%, reaching 0.3621 and 0.30889 billion euros, respectively. The UK and Czechia followed closely with substantial growth and moderate market sizes. Portugal and Denmark registered the highest growth rates at 21.0% and 13.99% respectively. Conversely, Finland and Austria experienced declines, demonstrating the varied market dynamics across Europe.
Looking forward, watch for:
- Continued growth in renewable energy sectors driving demand for high voltage equipment.
- Technological advancements influencing design and production.
- Germany maintaining its position through industrial prowess and innovation.
- Potential market shifts due to geopolitical factors or policy changes.
Top countries in Sold Production of Boards and Other Bases, Equipped with Electrical Switching or Protecting Apparatus, for a Voltage More than 1 000 V by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,273,700,000 | 2023 | -0.38% | +0.71% | View data |
| 2 | 2 Spain | 362,100,000 | 2023 | +5.39% | +6.45% | View data |
| 3 | 3 France | 308,890,000 | 2023 | +11.51% | +6.07% | View data |
| 4 | 4 Czechia | 283,430,000 | 2023 | |||
| 5 | 5 United Kingdom | 281,930,000 | 2023 | +2.76% | +7.6% | View data |
| 6 | 6 Italy | 145,220,000 | 2023 | +4.71% | +12.89% | View data |
| 7 | 7 Portugal | 117,020,000 | 2023 | +29.85% | +21% | View data |
| 8 | 8 Denmark | 109,100,000 | 2023 | +0.66% | +13.99% | View data |
| 9 | 9 Sweden | 39,187,000 | 2023 | +3.25% | +5.94% | View data |
| 10 | 10 Finland | 29,389,000 | 2023 | +6.35% | -0.3% | View data |
