High-voltage switching, protection and connection apparatus market in Estonia

Earlier Report Observations

The market for high-voltage switching, protection and connection apparatus in Estonia stood at USD 34.4 million in 2018, shaped by safety and electromagnetic compatibility regulations set by the Ministry of Economic Affairs and Infrastructure, as well as the influence of state-owned companies managing the power grid. By 2019, the market volume grew to USD 40.0 million, driven by the introduction of a building energy efficiency calculation methodology that included accounting for electrical equipment energy use, stimulating demand for more efficient devices.

After 2019, the market declined, reaching USD 35.9 million in 2021 and USD 25.8 million in 2022. In 2023, the volume recovered to USD 32.5 million, linked to the start of preparations for Elering's development plan for 2024-2033, which included investments in electrical equipment and substation construction, boosting demand for apparatus.

In 2024, the market contracted to USD 27.3 million. That year, a change in energy consumption accounting for SPLIT and VRV systems came into effect, affecting technical requirements for equipment and temporarily adjusting market demand. The Elering development plan continued implementation, and for 2025, new requirements for equipment in explosive atmospheres were established, alongside noted influences from global energy prices.

Production high-voltage switching, protection and connection apparatus in Estonia

In value, 2018-2021, K $ US

In 2021, Estonia's production of high-voltage switching, protection, and connection apparatus was valued at 41 277 thousand US dollars, marking a 27.3% decrease compared to 2020. Over the period from 2018 to 2021, production declined by 21.6%, with a compound annual growth rate of 7.8%. The highest production value was recorded in 2020 at 56 815 thousand US dollars, which also saw the largest annual increase of 9.2%.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

Exports high-voltage switching, protection and connection apparatus from Estonia

Exports in kind, t

Estonia's exports of high-voltage switching, protection, and connection apparatus in kind declined for the third consecutive year. In 2021, exports totaled 2 104 tonnes, representing a moderate decrease of 3.2% from 2020. Between 2018 and 2021, exports fell by 7.6%, equating to an annualized decline of 2.6%.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, t

From 2018 to 2021, Finland dominated Estonia's exports in kind, accounting for 70.2% of total flows, while the remaining share was distributed among various smaller destinations.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

In 2021, Estonia's exports of high-voltage switching, protection, and connection apparatus in value terms reached 28 785 thousand US dollars, showing a sharp decline of 27.8% compared to the previous year. Over the period from 2018 to 2021, exports decreased by 36.9%, with a compound annual growth rate of 14.2%. The largest annual increase was recorded in 2020 at 5.1%.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

From 2018 to 2021, Finland led Estonia's export structure in value terms with 61.7% of total exports, followed by Germany at 6.8% and India at 5.3%. Together, these three countries accounted for 73.8% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports high-voltage switching, protection and connection apparatus to Estonia

Imports in kind, t

Estonia's imports of high-voltage switching, protection, and connection apparatus in kind declined for the second consecutive year. In 2021, imports amounted to approximately 425 tonnes, reflecting a gradual reduction of 7.7% year-over-year. Over the period from 2018 to 2021, imports decreased by 27.6%, with a compound annual growth rate of 10.2%. The peak import volume was recorded in 2019 at 591 tonnes, which also saw the largest annual increase of 0.7%. The largest annual decline occurred in 2020 at 22.1%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, t

From 2018 to 2021, the geographical structure of Estonia's imports in kind was highly diversified. Russia accounted for 18.9% of imports, Finland for 11.5%, and Hungary for 10.6%, together making up 41.1% of total flows. The remaining 58.9% was distributed among numerous smaller partner countries.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

After a two-year reduction, Estonia's imports of high-voltage switching, protection, and connection apparatus in value terms increased in 2021. Imports totaled 23 478 thousand US dollars, up by 11.9% compared to the previous year. Over the period from 2018 to 2021, imports decreased by 14.2%, with a compound annual growth rate of 5.0%. The lowest import value was recorded in 2020 at 20 983 thousand US dollars, which also saw the largest annual decline of 18.9%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

Throughout 2018 to 2021, Hungary was the key destination for Estonia's imports in value terms, accounting for 38.1% of total imports, followed by Finland at 21.1% and Russia at 13.3%. Together, these three countries represented 72.5% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021