In 2023, Italy dominated the European market for measuring transformers under 1 kVA, with a significant share of 53.9%, followed by Germany at 17.03%, and Hungary at 10.9%. Other notable contributors included Czechia at 6.69% and France at 4.3%. Year-on-year trends showed notable increases for Hungary (23.51%) and Greece (11.18%), while France and the UK experienced declines of 7.31% and 0.31%, respectively. Over the past five years, Hungary has demonstrated strong growth, positioning itself as an emerging player in the market.
Looking ahead, key trends to watch include potential market shifts due to advancements in smart grid technologies, with increased production capabilities in emerging markets like Hungary. Additionally, sustainability initiatives and regulatory changes across Europe could impact production and demand patterns, potentially affecting country shares.
Top countries in Sold Production of Measuring Transformers Having a Power Handling Capacity Less than 1 kVA Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 53.9 | 2023 | +1.29% | +4.86% | View data |
| 2 | 2 Germany | 17.03 | 2023 | +5.43% | +0.47% | View data |
| 3 | 3 Hungary | 10.9 | 2023 | +5.62% | +23.51% | View data |
| 4 | 4 Czechia | 6.69 | 2023 | |||
| 5 | 5 France | 4.3 | 2023 | +1.14% | -7.31% | View data |
| 6 | 6 Spain | 4.26 | 2023 | +6% | +4.13% | View data |
| 7 | 7 United Kingdom | 4.22 | 2023 | +1.66% | -0.31% | View data |
| 8 | 8 Finland | 0.14 | 2021 | -0.74% | -0.47% | View data |
| 9 | 9 Denmark | 0.14 | 2021 | -54.55% | +14.48% | View data |
| 10 | 10 Greece | 0.12 | 2023 | +3.6% | +11.18% | View data |
