In 2023, Germany held the largest share of employment in the European electric motors, generators, and transformers sector, albeit showing a slight decline. In contrast, Poland and Serbia showed significant growth in their share of employment, suggesting expanding manufacturing activities. The Czech Republic, Italy, and Belgium experienced notable declines. Other countries like Spain, Slovenia, Croatia, and Bosnia and Herzegovina demonstrated smaller increases, suggesting a more diversified regional distribution.
Looking forward to 2024 and beyond, the industry may continue to shift towards Eastern Europe due to lower labor costs and expanding manufacturing capabilities. Key trends include the impact of automation and digitalization on workforce requirements, and potential regulatory changes aimed at increasing sustainability. Additionally, any economic shifts or policy decisions within the European Union could prominently influence employment shares across these countries.
Top countries in Electric Motors, Generators, Transformers Number of Persons Employed Share by Country (Units (Employees))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.8 | 2023 | +3.93% | -1.95% | View data |
| 2 | 2 Poland | 13.05 | 2023 | +20.35% | +16.88% | View data |
| 3 | 3 Czech Republic | 9.64 | 2023 | -1.83% | -3.27% | View data |
| 4 | 4 Spain | 8.02 | 2023 | +5.84% | +3.16% | View data |
| 5 | 5 Italy | 6.83 | 2023 | -5.56% | -3.17% | View data |
| 6 | 6 France | 5.64 | 2023 | -0.72% | +0.36% | View data |
| 7 | 7 Austria | 5.2 | 2023 | -1.3% | -2.65% | View data |
| 8 | 8 United Kingdom | 4.17 | 2023 | -1.44% | +0.56% | View data |
| 9 | 9 Hungary | 3.13 | 2023 | +1.77% | +1.55% | View data |
| 10 | 10 Finland | 2.93 | 2023 | -1.12% | -0.86% | View data |
