In 2023, the Czech Republic led Europe's electric motor enterprises with 4.77 thousand enterprises, despite a 5.3% decline. Italy and Germany followed, each with 1.02 thousand enterprises, but Germany saw a 1.79% growth while Italy declined slightly by 1.03%. Emerging markets like Belgium experienced a notable 7.31% increase, contrasting with significant declines in Lithuania and Luxembourg by 12.94% and 6.51%, respectively.
Future trends to watch:
- Potential for recovery or further decline in the Czech Republic may set the tone for other leading countries.
- Germany's growth trajectory signals strengthening industry presence in Europe.
- Technological advancements and regulations in sustainability could heavily influence future enterprise distribution.
Top countries in Electric Motors, Generators, Transformers Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 4,770 | 2023 | -5.12% | -5.3% | View data |
| 2 | 2 Italy | 1,020 | 2023 | -1.16% | -1.03% | View data |
| 3 | 3 Germany | 1,020 | 2023 | +0.5% | +1.79% | View data |
| 4 | 4 Spain | 344 | 2023 | -6.27% | -7.17% | View data |
| 5 | 5 United Kingdom | 310 | 2023 | +0.98% | +1.27% | View data |
| 6 | 6 Slovakia | 299 | 2023 | +1.36% | -4.63% | View data |
| 7 | 7 Poland | 243 | 2023 | +0.41% | +0.84% | View data |
| 8 | 8 Netherlands | 228 | 2023 | +0.44% | +0.088% | View data |
| 9 | 9 Belgium | 138 | 2023 | 0% | +7.31% | View data |
| 10 | 10 France | 117 | 2023 | -5.65% | -1.63% | View data |
