In 2024, Germany leads European sold production of multi-phase AC motors over 75 kW, valued at approximately 391.12 million Euros, followed by Finland with 350.78 million Euros, and Hungary showing significant growth at 197.43 million Euros. From 2023 to 2024, Germany experienced a 10.51% decrease, while Hungary saw a substantial increase of 55.57%. France exhibited a notable 17.36% growth. The last five-year CAGR paints Hungary as a rising player, contrasted by declines in traditionally stronger markets like Germany and the UK.
Future trends to watch:
- Emerging focus on renewable energy solutions could drive demand in countries like Hungary and France.
- Technological advancements and green initiatives may rejuvenate stagnant markets like Germany.
- Smaller markets such as Croatia and Estonia might see growth due to regional investments and policy changes.
- Brexit implications could further affect UK's market, with potential shifts in production to other EU countries.
Top countries in Sold Production of Multi-Phase AC Motors of an Output of More than 75 kW by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 391,120,000 | 2023 | -9.32% | -10.51% | View data |
| 2 | 2 Finland | 350,780,000 | 2023 | +2.91% | -2.49% | View data |
| 3 | 3 Hungary | 197,430,000 | 2023 | +7.39% | +55.57% | View data |
| 4 | 4 Austria | 88,235,000 | 2023 | +6.36% | View data | |
| 5 | 5 France | 80,643,000 | 2023 | +9.84% | +17.36% | View data |
| 6 | 6 Poland | 72,617,000 | 2023 | +2.97% | +3.81% | View data |
| 7 | 7 Spain | 64,805,000 | 2023 | +15.46% | +4.37% | View data |
| 8 | 8 Czechia | 39,385,000 | 2023 | |||
| 9 | 9 Italy | 28,161,000 | 2023 | -20.37% | -23.98% | View data |
| 10 | 10 Sweden | 23,781,000 | 2023 | +4.74% | View data |
