The European engines and turbines market in 2023 showed a mixed performance across different countries. Germany held the largest share at 53.32 million euros, seeing a modest growth of 2.03% year-on-year. Denmark and Italy displayed strong growth rates of 8.41% and 9.73%, respectively. The UK also saw slight growth at 1.98%. However, France experienced a decline of 3.77%, amidst other decreases in Sweden, Finland, and Romania. Noteworthy is the impressive growth in Greece (14.17%) and Serbia (18.64%). Smaller increases were observed in Spain and emerging markets like Croatia and Slovenia.
Future trends suggest that ongoing technological advancements and investments in green energy could propel market expansion in Northern and Western Europe. Continued growth in the German and Danish markets is anticipated, driven by innovation and demand for high-efficiency engines. Emerging markets, especially in Eastern Europe, could see increased competitiveness with improved infrastructure and investment incentives. Sustainable practices and renewable energy integration are expected to shape the future landscape of the European engines and turbines sector.
Top countries in Engines and Turbines Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53.32 | 2023 | +3.3% | +2.03% | View data |
| 2 | 2 Denmark | 15.42 | 2023 | +6.09% | +8.41% | View data |
| 3 | 3 United Kingdom | 11.48 | 2023 | +2.48% | +1.98% | View data |
| 4 | 4 Italy | 7.3 | 2023 | +8.95% | +9.73% | View data |
| 5 | 5 France | 4.89 | 2023 | +2.49% | -3.77% | View data |
| 6 | 6 Sweden | 1.84 | 2023 | +0.39% | -1.13% | View data |
| 7 | 7 Finland | 1.78 | 2023 | -1.51% | -2.7% | View data |
| 8 | 8 Poland | 1.43 | 2023 | +0.84% | -1.13% | View data |
| 9 | 9 Spain | 1.2 | 2023 | -0.39% | +3.38% | View data |
| 10 | 10 Czech Republic | 0.6 | 2023 | +4.74% | +6.71% | View data |
