In 2023, Germany held the largest share of European multi-phase AC motors of more than 75 kW at 30.35%, despite experiencing a decline of 10.51%. Finland followed with 27.22%, with a minor reduction of 2.49%. Hungary saw significant growth, increasing its share by 55.57% to 15.32%. Austria and Sweden maintained stable shares without variation. France and Croatia also saw positive growth at 17.36% and 17.43% respectively. In contrast, Italy and the United Kingdom saw declines, with Italy's share dropping by 23.98% and the UK's by 17.79%. Other notable players include Poland, Spain, and Czechia.
Future trends to watch:
- Emerging advancements in eco-friendly and energy-efficient motor technologies could reshape production shares.
- Germany's production might further decline if technological adaptation lags.
- Eastern European countries could continue their growth trajectory, capitalizing on increased investments and lower production costs.
- The ongoing transition to sustainable energy sources will likely influence demand dynamics.
- European markets may adjust to evolving geopolitical climates and economic policies, impacting sectoral performance.
Top countries in Sold Production of Multi-Phase AC Motors of an Output of More than 75 kW Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.35 | 2023 | -9.32% | -10.51% | View data |
| 2 | 2 Finland | 27.22 | 2023 | +2.91% | -2.49% | View data |
| 3 | 3 Hungary | 15.32 | 2023 | +7.39% | +55.57% | View data |
| 4 | 4 Austria | 6.85 | 2023 | +6.36% | View data | |
| 5 | 5 France | 6.26 | 2023 | +9.84% | +17.36% | View data |
| 6 | 6 Poland | 5.63 | 2023 | +2.97% | +3.81% | View data |
| 7 | 7 Spain | 5.03 | 2023 | +15.46% | +4.37% | View data |
| 8 | 8 Czechia | 3.06 | 2023 | |||
| 9 | 9 Italy | 2.18 | 2023 | -20.37% | -23.98% | View data |
| 10 | 10 Sweden | 1.85 | 2023 | +4.74% | View data |
