The European export market for electric motors, generators, and transformers was led by Italy in 2023, with Germany and Czechia following closely. Italy saw modest growth of 1.82%, whereas Germany experienced a larger increase at 3.67%. Poland's exports declined by 3.98%, and Sweden witnessed a significant drop of 21.8%. Conversely, Belgium saw a substantial rise in exports, expanding by 37.64%. France and Hungary faced notable decreases, with variations of -24.67% and -6.36%, respectively. Over the last five years, the compound annual growth rate highlights that Germany and Belgium are consistently boosting their export market presence.
Future trends to monitor include the impact of advancing renewable energy technologies and the global shift towards environmentally sustainable manufacturing. This could drive demand for efficient electric equipment, favoring countries investing in green technology innovation and manufacturing capabilities. Italy and Germany are likely to maintain strong positions, while emerging markets in Eastern Europe may gain traction if they strategically align with these sustainability trends.
Top countries in Export of Electric Motors, Generators and Transformers by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 13,496,000 | 2023 | +9.78% | +1.82% | View data |
| 2 | 2 Germany | 5,961,800 | 2023 | +1.51% | +3.67% | View data |
| 3 | 3 Czechia | 3,934,900 | 2023 | |||
| 4 | 4 Poland | 3,339,000 | 2023 | -1.5% | -3.98% | View data |
| 5 | 5 Sweden | 2,159,500 | 2023 | +0.89% | -21.8% | View data |
| 6 | 6 Slovenia | 823,010 | 2023 | +3.46% | +1.41% | View data |
| 7 | 7 Romania | 772,570 | 2023 | +6.25% | +10.02% | View data |
| 8 | 8 Belgium | 510,730 | 2023 | +4.95% | +37.64% | View data |
| 9 | 9 United Kingdom | 422,610 | 2023 | -1.25% | +5.51% | View data |
| 10 | 10 Spain | 218,590 | 2021 | +140.71% | +1.99% | View data |
