The European sold production of engines and turbines, excluding aircraft, vehicle, and cycle engines, shows Germany as the market leader with a significant gap. In 2023, Denmark and Romania marked strong growth rates of 5.84% and 4.39%, respectively. Sweden's standout performance with a 19.09% increase is noteworthy. However, Italy and the UK faced declines of 9.75% and 6.28%, pointing to market challenges. Netherlands and Estonia also saw robust expansions, reflecting niche growth. In contrast, Belgium's production significantly dropped by 21.67%.
Future trends suggest focused investment in sustainable energy solutions, enhancing the strategic positions of countries adapting to green technologies. Countries lagging need innovation-driven recovery plans to capitalize on environmental transitions driving demand in the sector. Changes in geopolitical landscapes and regulatory frameworks will likely affect production strategies and demand across Europe.
Top countries in Sold Production of Engines and Turbines (Except Aircraft, Vehicle and Cycle Engines) by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,670,000,000 | 2023 | +3.48% | +0.087% | View data |
| 2 | 2 Denmark | 6,095,300,000 | 2023 | +14.52% | +5.84% | View data |
| 3 | 3 Romania | 2,606,600,000 | 2023 | +4.41% | +4.39% | View data |
| 4 | 4 Italy | 2,128,600,000 | 2023 | -7.93% | -9.75% | View data |
| 5 | 5 United Kingdom | 1,469,600,000 | 2023 | -4.88% | -6.28% | View data |
| 6 | 6 Poland | 1,386,700,000 | 2023 | +2.9% | +3.09% | View data |
| 7 | 7 France | 1,295,500,000 | 2023 | +1.63% | +1.75% | View data |
| 8 | 8 Sweden | 1,050,200,000 | 2023 | +5.58% | +19.09% | View data |
| 9 | 9 Spain | 871,150,000 | 2023 | +9.96% | +1.44% | View data |
| 10 | 10 Hungary | 837,010,000 | 2023 | -3.37% | +0.19% | View data |
