From 2013 to 2023, the Estonian market for valves in oleohydraulic power transmission grew steadily. Starting at 3.7491 million Euros in 2013, it reached a value of 8.2349 million Euros in 2023. Over the past decade, the market demonstrated significant expansion, although the increase in value often fluctuated year to year. Between 2022 and 2023, growth slowed slightly, with a year-on-year increase of 5.65% compared to larger jumps in earlier years. Despite fluctuations, the 5-year compound annual growth rate (CAGR) stood at 7.51%, showing consistent upward trends.
Looking ahead, future trends to monitor include:
- Advancements in valve technology and smart systems integration.
- Increased demand driven by modernization within industrial sectors.
- Potential shifts due to geopolitical factors impacting trade and manufacturing.
- Sustainability initiatives potentially influencing product development.
How does Estonia rank in Valves for the Control of Oleohydraulic Power Transmission Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 646,850,000 | 2023 | -0.75% | -2.25% | View data |
| 2 | 2 Germany | 514,260,000 | 2023 | -2.38% | -3.14% | View data |
| 3 | 3 Finland | 136,720,000 | 2023 | +2.58% | +2.75% | View data |
| 4 | 4 Croatia | 11,530,000 | 2023 | +3.4% | +2.82% | View data |
| 5 | 5 Estonia | 8,234,900 | 2023 | +5.65% | +7.51% |
