In 2023, Germany dominated the European market for electric motors, generators, and transformers with a 37.06% share, followed by Italy at 17.21% and Spain at 8.85%. Hungary, Poland, and the Czech Republic also held significant shares. Notably, Sweden and the Netherlands experienced substantial growth with increases of 31.92% and 38.59%, respectively. Conversely, the United Kingdom's share declined by 9.25%, while France and Finland also saw decreases. Over the past five years, these markets have experienced varied trends, reflecting shifts in industry dynamics and regional economic conditions.
Future trends to watch include the adoption of renewable energy technologies and electric vehicles driving demand; policy support and investment in research and development will be crucial factors influencing production growth across Europe. The technological advancements and sustainability initiatives are likely to shape production patterns and market shares in the coming years.
Top countries in Sold Production of Electric Motors, Generators and Transformers Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 37.06 | 2023 | +4.66% | +0.6% | View data |
| 2 | 2 Italy | 17.21 | 2023 | +2.73% | +2.85% | View data |
| 3 | 3 Spain | 8.85 | 2023 | +3.97% | +5.13% | View data |
| 4 | 4 Hungary | 6.39 | 2023 | +5.56% | +8.48% | View data |
| 5 | 5 Poland | 4.56 | 2023 | +3.06% | +0.33% | View data |
| 6 | 6 Czechia | 4.41 | 2023 | |||
| 7 | 7 France | 4.25 | 2023 | -11.05% | -6.85% | View data |
| 8 | 8 Finland | 3.46 | 2023 | -0.84% | -5.91% | View data |
| 9 | 9 United Kingdom | 3.2 | 2023 | -10.46% | -9.25% | View data |
| 10 | 10 Austria | 2.79 | 2023 | +1.38% | +3.77% | View data |
