In 2023, Italy led the European market for generator sets with compression-ignition engines at €522.5M, showing a 4.68% increase. Germany, Spain, and France followed closely, each marking positive growth, while Finland and Poland saw declines. The UK's notable downturn of 11.44% stands out, indicating potential market challenges. Smaller markets like Greece and Portugal displayed robust increases, outperforming larger economies in terms of percentage growth.
Looking ahead, the European market is anticipated to face continued challenges due to environmental policies shifting towards greener energy sources. However, advancements in hybrid generator technologies and potential policy adjustments could offer rebound opportunities, particularly for more innovative and adaptive companies.
Top countries in Sold Production of Generator Sets with Compression-Ignition Internal Combustion Piston Engines by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 522,500,000 | 2023 | +3.92% | +4.68% | View data |
| 2 | 2 Germany | 384,130,000 | 2023 | +1.43% | +3.28% | View data |
| 3 | 3 Spain | 382,570,000 | 2023 | +10.15% | +3.07% | View data |
| 4 | 4 France | 374,750,000 | 2023 | +5.49% | +4.97% | View data |
| 5 | 5 United Kingdom | 330,480,000 | 2023 | -14.14% | -11.44% | View data |
| 6 | 6 Finland | 183,840,000 | 2023 | +6.95% | -2.53% | View data |
| 7 | 7 Denmark | 47,272,000 | 2023 | +6.48% | +4.78% | View data |
| 8 | 8 Portugal | 28,273,000 | 2023 | +4.85% | +4.28% | View data |
| 9 | 9 Austria | 22,686,000 | 2021 | -9.79% | View data | |
| 10 | 10 Poland | 20,107,000 | 2023 | -2.12% | -3.14% | View data |
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