The Electrical Resistors Market (excluding Heating Resistors) in Hungary showed a fluctuating trend from 2013 to 2023, achieving a market size of 155.97 million Euros in 2023. Evaluating year-on-year changes, the market displayed significant growth, notably in 2021 with a 24.49% increase, followed by moderate growth in 2022 and 2023 with a 3.16% and 3% rise respectively. Over the past five years, the market sustained a cumulative average growth rate (CAGR) of 3.6%, indicating steady progress.
Future trends to watch for include:
- Technological advancements driving innovation in resistor design for electronic appliances.
- Increased demand driven by the growth of electronics and electrical segments.
- Potential impacts from global supply chain disruptions affecting market stability.
- Regulatory changes that might encourage or hinder market growth.
How does Hungary rank in Electrical Resistors (Excluding Heating Resistors) Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 155,970,000 | 2023 | +3% | +3.6% | |
| 2 | 2 France | 116,420,000 | 2023 | +0.78% | +2.38% | View data |
| 3 | 3 Poland | 113,090,000 | 2023 | +4.85% | +6.61% | View data |
| 4 | 4 Italy | 100,780,000 | 2023 | +1.21% | +0.52% | View data |
| 5 | 5 Denmark | 40,478,000 | 2023 | +3.48% | -0.045% | View data |
