As of 2023, Germany leads the production value in Europe for electric motors, generators, and transformers, followed by Spain and the United Kingdom. Positive growth is observed in Germany, Spain, the United Kingdom, Finland, and Croatia, while Austria and Italy experience declines. Notably, Serbia and Lithuania show strong increases from the previous year. Belgium and Norway, however, suffer significant reductions in production value.
Going forward, the focus will be on Germany's dominance and Spain's increasing share. Attention to Serbia's rapid growth could present new opportunities. The effect of sustainability trends and technological advancements on these markets should be closely monitored.
Top countries in Electric Motors, Generators, Transformers Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.6 | 2023 | +4.83% | +2.6% | View data |
| 2 | 2 Spain | 12.09 | 2023 | +5.02% | +1.92% | View data |
| 3 | 3 United Kingdom | 10.23 | 2023 | +2.24% | +1.23% | View data |
| 4 | 4 France | 7.33 | 2023 | +0.54% | +1.61% | View data |
| 5 | 5 Austria | 6.83 | 2023 | -3.43% | -6.48% | View data |
| 6 | 6 Italy | 6.54 | 2023 | -7.98% | -9% | View data |
| 7 | 7 Finland | 6.22 | 2023 | +0.75% | +1.29% | View data |
| 8 | 8 Czech Republic | 5.5 | 2023 | +4.46% | +0.91% | View data |
| 9 | 9 Poland | 3.82 | 2023 | +6.41% | +3.45% | View data |
| 10 | 10 Denmark | 1.97 | 2023 | +1.93% | +0.59% | View data |
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