Over the past decade, the hydraulic and pneumatic valves market in Finland has experienced significant fluctuations. After peaking in 2012 and 2013, the market saw a decline from 2014 through 2016, driven by economic slowdowns and reduced industrial demand. The market rebounded sharply in 2017 with a 34.33% increase, followed by steady growth through 2022, demonstrating resilience and adaptation to market demands.
The market exhibited notable year-on-year growth rates in 2017 and 2018, with slight declines in 2019, but quickly recovered in 2020. The last five years have seen an average annual growth rate (CAGR) of 2.48%, indicating an overall positive trend, albeit with some volatility.
Future trends to watch for include:
- Adoption of advanced automation technologies driving demand for high-precision valves.
- Increased emphasis on energy efficiency and sustainability, potentially influencing valve design and materials.
- Ongoing economic factors and regulatory developments that could impact market dynamics.
How does Finland rank in Hydraulic and Pneumatic Valves Market Size Value?
# | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 France | 939,260,000 | 2023 | -0.71% | -1.9% | View data |
2 | 2 Italy | 848,520,000 | 2023 | +1.07% | +0.6% | View data |
3 | 3 United Kingdom | 605,910,000 | 2023 | +0.98% | +0.67% | View data |
4 | 4 Austria | 206,580,000 | 2023 | +3.8% | +2.4% | View data |
5 | 5 Finland | 147,660,000 | 2023 | +2.44% | +0.24% | |
6 | 6 Estonia | 9,905,800 | 2023 | +7.81% | +4.15% | View data |