Global Distributed Energy Resource Management System MARKET By Others
| Label | Europe | Germany | Spain | France | United Kingdom | Italy | Rest of Europe |
|---|---|---|---|---|---|---|---|
| 2018 | 9509.075903 USD Mn | 2379.529301 USD Mn | 933.4033357 USD Mn | 1560.97057 USD Mn | 2012.675375 USD Mn | 1261.185417 USD Mn | 1361.311905 USD Mn |
| 2019 | 9915.948 USD Mn | 2490.886138 USD Mn | 967.7965248 USD Mn | 1626.215472 USD Mn | 2102.180976 USD Mn | 1308.905136 USD Mn | 1419.963754 USD Mn |
| 2020 | 10344.75258 USD Mn | 2608.48535 USD Mn | 1003.895965 USD Mn | 1694.928581 USD Mn | 2196.627472 USD Mn | 1359.024681 USD Mn | 1481.790532 USD Mn |
| 2021 | 10815.10658 USD Mn | 2737.346407 USD Mn | 1043.561834 USD Mn | 1770.310909 USD Mn | 2300.210323 USD Mn | 1414.071419 USD Mn | 1549.605683 USD Mn |
| 2022 | 11328.83485 USD Mn | 2878.041829 USD Mn | 1086.904565 USD Mn | 1852.641699 USD Mn | 2413.36179 USD Mn | 1474.209114 USD Mn | 1623.675854 USD Mn |
| 2023 | 11877.29833 USD Mn | 3028.481212 USD Mn | 1133.033146 USD Mn | 1940.489518 USD Mn | 2534.284068 USD Mn | 1538.242534 USD Mn | 1702.767847 USD Mn |
| 2024 | 12507.24106 USD Mn | 3200.713414 USD Mn | 1186.329291 USD Mn | 2041.468125 USD Mn | 2673.003889 USD Mn | 1612.137113 USD Mn | 1793.589223 USD Mn |
| 2025 | 13172.62628 USD Mn | 3383.129314 USD Mn | 1242.324033 USD Mn | 2148.032762 USD Mn | 2819.751803 USD Mn | 1689.842122 USD Mn | 1889.546246 USD Mn |
| 2026 | 13875.54997 USD Mn | 3576.354107 USD Mn | 1301.162401 USD Mn | 2260.508701 USD Mn | 2975.015002 USD Mn | 1771.565734 USD Mn | 1990.944026 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Germany accounted for the largest market share in 2019 in the Europe hydraulic component market, and is expected to reach USD 3576.35 Million in 2026 from USD 2490.89 Million in 2019.This market is projected to grow at a CAGR of 5.40% during the forecast period from 2020 - 2026. mobile segment accounted for the larger market share in 2019, this market is expected to reach USD 7922.80 Million in 2026 from USD 5771.10 Million in 2019. This market is projected to grow at a CAGR of 4.73% during the forecast period from 2020 - 2026. However, industrial segment is the fastest growing market, which is expected to grow at a CAGR of 5.41% during the forecast period 2020 - 2026. construction segment accounted for the largest market share in 2019, this market is expected to reach USD 3797.60 Million in 2026 from USD 2626.70 Million in 2019. This market is projected to grow at a CAGR of 5.50% during the forecast period from 2020 - 2026. However, material handling segment is the fastest growing market, which is expected to grow at a CAGR of 5.51% during the forecast period 2020 - 2026. cylinder segment accounted for the largest market share in 2019, this market is expected to reach USD 4549.50 Million in 2026 from USD 3175.10 Million in 2019. This market is projected to grow at a CAGR of 5.37% during the forecast period from 2020 - 2026.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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