In 2023, Germany led in the European sold production of electrical motors and generator parts valued at €1.2495 billion, although it experienced a decline of 3.46% year-over-year. Spain followed closely at €1.189 billion, showing a 6.18% growth, while Italy grew by 5.02% to €0.44851 billion. Austria and Hungary saw increases of 3.22% and 4.64%, respectively. Among smaller markets, notable growth came from Portugal with a robust 14.21% increase. The market in France grew by 4.89%, while the United Kingdom showed a modest 1.69% rise.
Future trends to watch include:
- Continued growth in markets like Spain and Portugal, driven by renewable energy and electric vehicle investments.
- Germany's potential recovery from its current decline with innovation in motor technologies.
- Increasing contributions from Eastern European countries like Hungary and Slovakia, capitalizing on competitive manufacturing costs.
- Impact of EU regulations on carbon emissions which might accelerate demand for energy-efficient motors and generators across Europe.
Top countries in Sold Production of Electrical Motors and Generators Parts by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,249,500,000 | 2023 | +2.93% | -3.46% | View data |
| 2 | 2 Spain | 1,189,000,000 | 2023 | +3.01% | +6.18% | View data |
| 3 | 3 Italy | 448,510,000 | 2023 | -1.6% | +5.02% | View data |
| 4 | 4 Austria | 332,150,000 | 2023 | +8.52% | +3.22% | View data |
| 5 | 5 Hungary | 302,780,000 | 2023 | +3.05% | +4.64% | View data |
| 6 | 6 United Kingdom | 288,560,000 | 2023 | +1.07% | +1.69% | View data |
| 7 | 7 Slovenia | 277,550,000 | 2023 | +2% | +1.91% | View data |
| 8 | 8 Czechia | 247,350,000 | 2023 | |||
| 9 | 9 France | 186,580,000 | 2023 | +3.06% | +4.89% | View data |
| 10 | 10 Poland | 158,280,000 | 2023 | +2.41% | +0.9% | View data |
