The European market for electronic instruments and apparatus for measuring variables of liquids or gases in 2023 saw Germany dominating with a significant lead, accounting for 62.73% of the market share. France and the United Kingdom followed, with shares of 17.33% and 11.53% respectively. Overall, the market shares reflect a consolidation in the Western European countries.
Year-on-year changes in 2023 showed notable growth in Italy at 13.42% and Ireland at 4.07%. Conversely, declines were significant in Finland and Croatia, which experienced substantial reductions of 52.06% and 13.36% respectively. With cumulative annual growth rates also analyzed over five years, the data displays general growth with variations in specific regions.
Future trends to watch include advancements in digital technologies and sustainable solutions, which are expected to drive further innovation in this sector. Germany's leadership is projected to continue, but emerging markets in Eastern Europe might contribute to altering the market dynamics as new technological adoptions increase across Europe.
Top countries in Sold Production of Electronic Instruments and Apparatus for Measuring Variables of Liquids or Gases Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 62.73 | 2023 | +2.04% | +0.66% | View data |
| 2 | 2 France | 17.33 | 2023 | +9.6% | +1.49% | View data |
| 3 | 3 United Kingdom | 11.53 | 2023 | +1.06% | +0.04% | View data |
| 4 | 4 Ireland | 2.18 | 2023 | +8.55% | +4.07% | View data |
| 5 | 5 Italy | 1.95 | 2023 | +5.48% | +13.42% | View data |
| 6 | 6 Austria | 1.49 | 2023 | +4.74% | +2.87% | View data |
| 7 | 7 Poland | 0.95 | 2023 | +1.05% | -1.47% | View data |
| 8 | 8 Lithuania | 0.65 | 2023 | +5.86% | View data | |
| 9 | 9 Spain | 0.57 | 2023 | +9.05% | -4.65% | View data |
| 10 | 10 Denmark | 0.46 | 2023 | +8.82% | -5.8% | View data |
