In 2023, the European market for sold production of connections and contact elements for wires and cables under 1 kV showed notable leaders: Germany (€1.5733 billion), France (€1.1039 billion), and Poland (€0.40721 billion). Germany experienced a growth of 3.81%, while Poland showed a strong increase of 5.86%. Most countries demonstrated positive growth, with significant uptrends in Italy (5.91%) and the United Kingdom (5.18%). In contrast, Denmark and Greece faced declines of 9.3% and 6.46%, respectively.
Future trends suggest a continued preference for technologies enhancing connectivity and energy efficiency, driven by digital transformation and infrastructural renewal within Europe. Observing fluctuations in geopolitical and economic landscapes will be crucial, influencing production value and volume in this sector.
Top countries in Sold Production of Connections and Contact Elements for Wires and Cables for a Voltage Less than 1 kV by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,573,300,000 | 2023 | +1.24% | +3.81% | View data |
| 2 | 2 France | 1,103,900,000 | 2023 | +2.84% | +1.31% | View data |
| 3 | 3 Poland | 407,210,000 | 2023 | +5.51% | +5.86% | View data |
| 4 | 4 Hungary | 345,920,000 | 2023 | +4.43% | +5.81% | View data |
| 5 | 5 Italy | 279,920,000 | 2023 | +9.85% | +5.91% | View data |
| 6 | 6 Spain | 232,370,000 | 2023 | +5.46% | +0.43% | View data |
| 7 | 7 United Kingdom | 181,520,000 | 2023 | +0.58% | +5.18% | View data |
| 8 | 8 Sweden | 120,240,000 | 2023 | +7.34% | +0.95% | View data |
| 9 | 9 Romania | 64,270,000 | 2023 | +4.9% | +5.33% | View data |
| 10 | 10 Austria | 52,638,000 | 2023 | +3.03% | +2.16% | View data |
