Germany leads the European export market for electric motors, generators, and transformers with substantial volume but has seen a slight decline of 0.35% in 2023. The Netherlands follows with a notable growth rate of 6.1%. Austria and Italy showed minor declines, whereas Poland experienced modest growth. Slovakia and Hungary recorded positive trends with growth rates of 4.03% and 1.48% respectively. France saw a 2.2% decrease while Denmark and Sweden exhibited significant growth rates of 21.42% and 21.02% respectively. The United Kingdom's exports dropped by 11%, and Finland showed a considerable reduction of 46.65%.
Future trends indicate potential growth in countries like the Netherlands, influenced by infrastructural advancements and an increasing emphasis on renewable energy solutions. Germany may stabilize its market share through technological innovations. Emerging markets like Greece and Malta could capture more market share through strategic investments and policy support.
Top countries in Export of Electric Motors, Generators and Transformers by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 576,500,000 | 2023 | +4.52% | -0.35% | View data |
| 2 | 2 Netherlands | 347,030,000 | 2023 | +11.88% | +6.1% | View data |
| 3 | 3 Austria | 152,870,000 | 2023 | +4.66% | -1.3% | View data |
| 4 | 4 Italy | 108,250,000 | 2023 | +0.79% | -0.82% | View data |
| 5 | 5 Poland | 74,194,000 | 2023 | -0.13% | +0.97% | View data |
| 6 | 6 Slovakia | 72,707,000 | 2023 | +3.46% | +4.03% | View data |
| 7 | 7 Hungary | 51,260,000 | 2023 | +0.55% | +1.48% | View data |
| 8 | 8 France | 49,917,000 | 2023 | +2.89% | -2.2% | View data |
| 9 | 9 Romania | 48,678,000 | 2023 | +2.44% | +0.95% | View data |
| 10 | 10 Czechia | 44,052,000 | 2023 |
