In 2023, Germany led the European employment in electric motors, generators, and transformers with 61,630 employees, despite a 1.95% decrease. Poland and Serbia displayed robust growth, with 16.88% and 16.56% increases, respectively. While countries like Belgium and Sweden witnessed significant declines of 14.22% and 27.67%, others like Spain, United Kingdom, and Hungary experienced modest increases, indicating diverse market dynamics across the continent. The longer-term view highlights varied employment trends across Europe.
Looking ahead, key trends to track include the impact of technological advancements on employment, green energy mandates influencing sector growth, and potential shifts in manufacturing hubs within Europe. Monitoring these factors will be critical in understanding future workforce dynamics in the European electric motors, generators, and transformers industry.
Top countries in Electric Motors, Generators, Transformers Number of Persons Employed by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 61,630 | 2023 | +3.93% | -1.95% | View data |
| 2 | 2 Poland | 35,260 | 2023 | +20.35% | +16.88% | View data |
| 3 | 3 Czech Republic | 26,050 | 2023 | -1.83% | -3.27% | View data |
| 4 | 4 Spain | 21,680 | 2023 | +5.84% | +3.16% | View data |
| 5 | 5 Italy | 18,470 | 2023 | -5.56% | -3.17% | View data |
| 6 | 6 France | 15,250 | 2023 | -0.72% | +0.36% | View data |
| 7 | 7 Austria | 14,050 | 2023 | -1.3% | -2.65% | View data |
| 8 | 8 United Kingdom | 11,270 | 2023 | -1.44% | +0.56% | View data |
| 9 | 9 Hungary | 8,470 | 2023 | +1.77% | +1.55% | View data |
| 10 | 10 Finland | 7,920 | 2023 | -1.12% | -0.86% | View data |
