Germany continues to lead in the European export markets for electric motors, generators, and transformers, holding the largest share, though experiencing a slight decline in growth. The Netherlands is emerging as a significant player with a substantial 6.1% increase, closely followed by Austria and Italy. Notable growth in countries like Denmark shows a remarkable increase of over 21%, indicating a rapidly evolving competitive landscape. Meanwhile, the United Kingdom and Ireland face substantial drops, reflecting challenges in their export strategies.
Future trends to watch include:
- The potential sustained growth of Denmark, which might indicate increased market interest or production capabilities in Scandinavian markets.
- The expanding role of the Netherlands which suggests a strengthening in their technological export infrastructure.
- The need for strategic adjustments in countries facing decline such as the UK and Spain to regain market stability.
Top countries in Export of Electric Motors, Generators and Transformers Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.07 | 2023 | +4.52% | -0.35% | View data |
| 2 | 2 Netherlands | 21.11 | 2023 | +11.88% | +6.1% | View data |
| 3 | 3 Austria | 9.3 | 2023 | +4.66% | -1.3% | View data |
| 4 | 4 Italy | 6.58 | 2023 | +0.79% | -0.82% | View data |
| 5 | 5 Poland | 4.51 | 2023 | -0.13% | +0.97% | View data |
| 6 | 6 Slovakia | 4.42 | 2023 | +3.46% | +4.03% | View data |
| 7 | 7 Hungary | 3.12 | 2023 | +0.55% | +1.48% | View data |
| 8 | 8 France | 3.04 | 2023 | +2.89% | -2.2% | View data |
| 9 | 9 Romania | 2.96 | 2023 | +2.44% | +0.95% | View data |
| 10 | 10 Czechia | 2.68 | 2023 |
