In 2023, Italy led European production in electrical apparatus for switching or protecting circuits with a voltage of over 1,000V, standing at roughly 1.46 billion euros, followed by Germany and France. Significant annual growth was seen in Sweden (25.85%), Finland (15.12%), and Bulgaria (11.08%). Conversely, Poland and Denmark experienced declines of 18.29% and 8.85%, respectively. Portugal's production surged by 64.36%, albeit from a low base.
Future trends to watch include technological advancements in smart grids and renewable energy integration, which may alter demand for high-voltage apparatus across Europe. Additionally, shifts in regional manufacturing capabilities and regulatory changes could influence growth trajectories.
Top countries in Sold Production of Electrical Apparatus for Switching or Protecting Electrical Circuits, for a Voltage of More than 1 000 V by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,457,100,000 | 2023 | +5.24% | +6.3% | View data |
| 2 | 2 Germany | 781,480,000 | 2023 | -0.7% | -4.06% | View data |
| 3 | 3 France | 306,260,000 | 2023 | +8.53% | +4.39% | View data |
| 4 | 4 United Kingdom | 159,670,000 | 2023 | -3.21% | -0.069% | View data |
| 5 | 5 Spain | 124,370,000 | 2023 | +0.043% | +3.95% | View data |
| 6 | 6 Sweden | 77,661,000 | 2023 | +9.32% | +25.85% | View data |
| 7 | 7 Hungary | 63,159,000 | 2023 | +4.2% | +3.04% | View data |
| 8 | 8 Poland | 52,660,000 | 2023 | -6.3% | -18.29% | View data |
| 9 | 9 Finland | 42,675,000 | 2023 | +6.08% | +15.12% | View data |
| 10 | 10 Estonia | 31,248,000 | 2023 | +0.0088% | -5.6% | View data |
