In 2023, Germany led the European sold production of electric motors, generators, and transformers, with notable sales figures in billion euros, followed by Italy and Spain. While Germany showed modest growth, countries like Spain, Hungary, and Sweden witnessed significant increases in production, suggesting expanding capacities or increased demand. Conversely, France, Finland, and the United Kingdom faced declines, highlighting potential challenges in these markets.
Looking ahead, potential future trends to watch for:
- Germany's continuous dominance, though at a slower growth pace.
- Southern and Eastern Europe's increasing prominence, with countries like Hungary and Spain likely to drive European production growth.
- Sectoral innovation and green energy initiatives, potentially rejuvenating production in traditionally fluctuating markets like France and the UK.
Top countries in Sold Production of Electric Motors, Generators and Transformers by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 10,904,000,000 | 2023 | +4.66% | +0.6% | View data |
| 2 | 2 Italy | 5,061,700,000 | 2023 | +2.73% | +2.85% | View data |
| 3 | 3 Spain | 2,603,500,000 | 2023 | +3.97% | +5.13% | View data |
| 4 | 4 Hungary | 1,879,400,000 | 2023 | +5.56% | +8.48% | View data |
| 5 | 5 Poland | 1,341,400,000 | 2023 | +3.06% | +0.33% | View data |
| 6 | 6 Czechia | 1,296,900,000 | 2023 | |||
| 7 | 7 France | 1,248,900,000 | 2023 | -11.05% | -6.85% | View data |
| 8 | 8 Finland | 1,017,700,000 | 2023 | -0.84% | -5.91% | View data |
| 9 | 9 United Kingdom | 941,430,000 | 2023 | -10.46% | -9.25% | View data |
| 10 | 10 Austria | 819,580,000 | 2023 | +1.38% | +3.77% | View data |
