The turnover for Electric Motors, Generators, and Transformers in France has experienced significant fluctuations over the past decade. Starting at €4.23 billion in 2013, the market experienced oscillations with notable declines in 2016 and incremental growth thereafter. By 2023, it reached €4.2 billion.
Key variations:
- 2013: +3.23%
- 2014: -1.75%
- 2015: -0.88%
- 2016: -11.39%
- 2017: +19.41%
- 2018: -3.74%
- 2019: -1.38%
- 2020: -2.05%
- 2021: +2.98%
- 2022: +0.31%
- 2023: +0.31%
Between 2018 and 2023, the average annual growth rate (CAGR) shows a minor positive trend of +0.018%. Forecasted data suggest moderate growth, with the turnover projected to reach €4.26 billion by 2028, yielding a 5-year CAGR of 0.23%. Future growth is expected to maintain a steady, albeit modest, trajectory.
Future trends to watch for include advancements in renewable energy technologies, evolving regulatory standards, and the increasing adoption of electric vehicles, which may drive demand for electric motors and transformers in France.
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