Europe: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Europe

In 2021, the Europe market for instruments for measuring electrical quantities increased by 6.8% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Instruments for Measuring Electrical Quantities in Europe

In value terms, instruments for measuring electrical quantities production fell to $X in 2021 estimated in export price. In general, production showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 9.7%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports in Europe

In 2021, the amount of instruments for measuring electrical quantities exported in Europe rose remarkably to X units, surging by 13% against 2020. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports surged to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X units), distantly followed by the UK (X units), Romania (X units), the Netherlands (X units), Hungary (X units) and France (X units) represented the largest exporters of instruments for measuring electrical quantities, together comprising 74% of total exports. The following exporters - Italy (X units), Switzerland (X units), Poland (X units), Sweden (X units), Spain (X units), Austria (X units) and Belgium (X units) - together made up 18% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest instruments for measuring electrical quantities supplier in Europe, comprising 39% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.6% share of total exports. It was followed by Romania, with a 7.1% share.

In Germany, instruments for measuring electrical quantities exports expanded at an average annual rate of +4.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (-1.1% per year) and Romania (+11.3% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, with an increase of 4.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Austria ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.1%), while the other leaders experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports in Europe

In 2021, overseas purchases of instruments for measuring electrical quantities increased by 32% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units), distantly followed by Spain (X units), France (X units), Italy (X units), the Netherlands (X units), the Czech Republic (X units), the UK (X units) and Poland (X units) were the main importers of instruments for measuring electrical quantities, together making up 74% of total imports. Russia (X units), Belgium (X units), Romania (X units), Sweden (X units) and Hungary (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities imports into Germany stood at +6.7%. At the same time, Hungary (+21.7%), Poland (+14.1%), the Czech Republic (+8.0%), Italy (+6.5%), the Netherlands (+4.7%), Russia (+4.5%) and the UK (+2.2%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Europe, with a CAGR of +21.7% from 2012-2021. By contrast, France (-2.0%), Belgium (-2.2%), Romania (-2.5%), Spain (-2.8%) and Sweden (-3.2%) illustrated a downward trend over the same period. While the share of Germany (+6 p.p.), Poland (+3.4 p.p.), the Czech Republic (+2.1 p.p.) and Italy (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-1.6 p.p.), Belgium (-1.9 p.p.), France (-5.4 p.p.) and Spain (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported instruments for measuring electrical quantities in Europe, comprising 25% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 8.6% share of total imports. It was followed by France, with an 8% share.

In Germany, instruments for measuring electrical quantities imports expanded at an average annual rate of +8.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+8.1% per year) and France (-5.2% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, waning by -1.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.4% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform