The European market for measuring transformers with a power handling capacity of less than 1 kVA is led by Germany, holding the largest share at 38.5%. Czechia follows at 15.35%, with Italy and France close behind, representing 11.42% and 11.09% respectively. Meanwhile, the UK contributes 7.63%, with Hungary at 6.73%. Smaller shares are held by Croatia, Spain, Denmark, Finland, Greece, and Estonia.
Trends over the last year indicate growth in several countries. Key observations include:
- Germany and France showed modest growth, indicating market stability.
- Notable expansion occurred in Spain and Greece, with increases of 15.15% and 18.28% respectively.
- Denmark experienced significant growth at 45.08%, while Italy saw a substantial decline of 12.92%.
- Other nations such as Hungary and Croatia showed positive, yet varied growth rates.
Future trends to watch include potential shifts in market dominance as countries like Spain and Greece continue to exhibit strong growth. Additionally, the significant rise in Danish production suggests a rapidly evolving market landscape that could lead to shifts in European market dynamics.
Top countries in Sold Production of Measuring Transformers Having a Power Handling Capacity Less than 1 kVA Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.5 | 2023 | +2.55% | +0.61% | View data |
| 2 | 2 Czechia | 15.35 | 2023 | |||
| 3 | 3 Italy | 11.42 | 2023 | -7.37% | -12.92% | View data |
| 4 | 4 France | 11.09 | 2023 | +1.43% | +2.22% | View data |
| 5 | 5 United Kingdom | 7.63 | 2023 | +1.58% | +0.34% | View data |
| 6 | 6 Hungary | 6.73 | 2023 | +4.56% | +9.84% | View data |
| 7 | 7 Croatia | 6.09 | 2023 | +1.15% | +2.22% | View data |
| 8 | 8 Spain | 4.25 | 2023 | +7.6% | +15.15% | View data |
| 9 | 9 Denmark | 1.71 | 2023 | +11.9% | +45.08% | View data |
| 10 | 10 Finland | 1.29 | 2023 | -6.74% | -4.93% | View data |
