In 2023, Germany led European sold production for electric motors, generators, and transformers' repair and maintenance, constituting a dominant share of 24.28%. France and Spain followed with values of 17.81% and 10.47%, respectively. Note the considerable growth in Norway and Hungary, revealing impressive double-digit increases of 14.22% and 13.08%. Meanwhile, Belgium and Latvia experienced contractions in their shares, with Belgium declining by 6.19% and Latvia by 11.99%.
Looking forward, expect digitalization and sustainability trends to drive innovation and influence market dynamics. Increases in renewable energy adoption and shifts towards automated maintenance solutions could alter share distributions across European markets.
Top countries in Sold Production of Electric Motors, Generators and Transformers Repair and Maintenance Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.28 | 2023 | +2.13% | +2.09% | View data |
| 2 | 2 France | 17.81 | 2023 | +5.25% | +4.3% | View data |
| 3 | 3 Spain | 10.47 | 2023 | +11.5% | +7.17% | View data |
| 4 | 4 Italy | 9.33 | 2023 | +6.05% | +3.88% | View data |
| 5 | 5 United Kingdom | 7 | 2023 | +0.53% | +2.33% | View data |
| 6 | 6 Austria | 6.5 | 2023 | +2.64% | +4.72% | View data |
| 7 | 7 Sweden | 3.82 | 2023 | +2.2% | +2.41% | View data |
| 8 | 8 Czechia | 3.41 | 2023 | |||
| 9 | 9 Belgium | 3.05 | 2023 | +1.44% | -6.19% | View data |
| 10 | 10 Netherlands | 2.62 | 2023 | +3.6% | +1.44% | View data |
