In 2023, Italy maintained its leading position in the European sold production of electric motors, generators, and transformers, although Germany stood close behind. Notably, the year saw a robust increase in production from Estonia and Denmark, marked by year-on-year growth rates of 73.38% and 111.68% respectively. Conversely, France experienced a significant decline. Looking at the five-year CAGR, Germany generally trended downwards, contrasting with positive growth in Hungary. Italy and Spain showed moderate stable growth.
Future trends to watch include the continued expansion in smaller markets like Estonia and Hungary, which may drive regional diversification. Additionally, technological advancements and sustainability initiatives could influence production volume and location dynamics across Europe.
Top countries in Sold Production of Electric Motors, Generators and Transformers by Country
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 87,257,000 | 2023 | +4.47% | +5.64% | View data |
| 2 | 2 Germany | 1,017,400 | 2023 | -17.37% | -10.33% | View data |
| 3 | 3 Spain | 814,470 | 2023 | -12.83% | +1.21% | View data |
| 4 | 4 Hungary | 215,730 | 2023 | +2.83% | +9.67% | View data |
| 5 | 5 Estonia | 148,030 | 2023 | +74.6% | +73.38% | View data |
| 6 | 6 France | 3,020 | 2023 | -84.98% | -51.09% | View data |
| 7 | 7 Denmark | 85 | 2023 | +3.66% | +111.68% | View data |
