In 2023, Italy led the European sold production of engines and turbines (excluding aircraft, vehicle, and cycle engines) with significant gains at a value of 30.17 thousand items, showing a 14.04% year-on-year increase. Finland and Sweden followed, with Finland experiencing a slight decline of 2.1%, while Sweden surged by 25.9%. Other notable performances include Germany with a moderate increase of 2.89% and Denmark witnessing a decline of 13.27%. Estonia showed the most remarkable growth at 71.14%. Although smaller markets, Hungary, Spain, and Portugal remained stable without variation.
Future trends to watch include:
- The potential expansion of the renewable energy sector influencing engine and turbine production.
- Technological advancements driving efficiency and influencing production dynamics across different countries.
- Trade policies and economic conditions in Europe impacting market demands and production outputs.
- Environmental regulations promoting cleaner energy solutions that could lead to shifts in production strategies.
Top countries in Sold Production of Engines and Turbines (Except Aircraft, Vehicle and Cycle Engines) by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 30,170 | 2023 | -33.97% | +14.04% | View data |
| 2 | 2 Finland | 25,180 | 2023 | -1.15% | -2.1% | View data |
| 3 | 3 Sweden | 23,070 | 2023 | +3.46% | +25.9% | View data |
| 4 | 4 Germany | 10,270 | 2023 | -17.55% | +2.89% | View data |
| 5 | 5 Denmark | 9,890 | 2023 | +5.7% | -13.27% | View data |
| 6 | 6 Slovakia | 6,760 | 2023 | +4.76% | +1.32% | View data |
| 7 | 7 Poland | 1,900 | 2023 | +5.74% | +3.95% | View data |
| 8 | 8 Spain | 1,510 | 2023 | -1.88% | View data | |
| 9 | 9 Estonia | 1,380 | 2023 | +3.92% | +71.14% | View data |
| 10 | 10 France | 1,240 | 2021 | -7.69% | -14.33% | View data |
