The European market for electric motors, generators, and transformers reveals Germany as the dominant player with a 55.83% share, followed by Hungary at 28.64% and Italy at 7.2%. Among the emerging participants, Slovakia and Denmark show remarkable growth with a 10.61% and 9.24% increase respectively in 2023. Conversely, Spain and France experienced declines at -6.9% and -11.46%. Notably, Austria posted a substantial surge of 19.79%, indicating a potential shift towards expanding production capabilities.
Looking ahead, expect further expansion in Slovakia and Denmark driven by innovation and investment in sustainable technology. Germany's leading position may face challenges from fast-growing competitors, suggesting a possible redistribution of market share dynamics.
Top countries in Sold Production of Electric Motors, Generators and Transformers Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.83 | 2023 | +1.48% | -0.16% | View data |
| 2 | 2 Hungary | 28.64 | 2023 | +6.06% | +2.02% | View data |
| 3 | 3 Italy | 7.2 | 2023 | +1.42% | -0.76% | View data |
| 4 | 4 Slovakia | 1.94 | 2023 | +6.08% | +10.61% | View data |
| 5 | 5 Poland | 1.49 | 2023 | +1.81% | -5.22% | View data |
| 6 | 6 Spain | 0.92 | 2023 | -15.03% | -6.9% | View data |
| 7 | 7 Czechia | 0.85 | 2023 | |||
| 8 | 8 Denmark | 0.73 | 2023 | -1.14% | +9.24% | View data |
| 9 | 9 Romania | 0.68 | 2023 | +3.01% | +2.3% | View data |
| 10 | 10 Austria | 0.31 | 2023 | +11.54% | +19.79% | View data |
