In 2024, Germany dominates the European sold production of electric motors under 37.5 W with a value of 1.1836 billion euros, showing a robust increase of 14.77% from the previous year. Italy, despite a modest growth of 1.63%, follows as a distant second. Denmark impressively grew by 53.03% to 0.10965 billion euros. In contrast, Poland and the United Kingdom experienced declines of 4.85% and 4.38% respectively. While smaller in scale, Lithuania’s production skyrocketed by 317.01% in 2023.
Future trends to watch include Germany's continued leadership but also how emerging markets, like Lithuania, capitalize on their explosive growth rates. Additionally, technological innovations and shifts in energy policies may influence market dynamics significantly. Keeping an eye on regional economic developments and environmental legislation will be crucial for understanding future movements in this sector.
Top countries in Sold Production of Electric Motors of an Output Less than 37,5 W by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,183,600,000 | 2023 | +8.99% | +14.77% | View data |
| 2 | 2 Italy | 244,220,000 | 2023 | +3.28% | +1.63% | View data |
| 3 | 3 Denmark | 109,650,000 | 2023 | +48.01% | +53.03% | View data |
| 4 | 4 France | 56,246,000 | 2023 | +8.17% | +3.29% | View data |
| 5 | 5 Poland | 43,211,000 | 2023 | +2.15% | -4.85% | View data |
| 6 | 6 United Kingdom | 40,639,000 | 2023 | -2.78% | -4.38% | View data |
| 7 | 7 Hungary | 34,320,000 | 2023 | +5.47% | +8.24% | View data |
| 8 | 8 Sweden | 23,975,000 | 2023 | +4.11% | -1.24% | View data |
| 9 | 9 Bulgaria | 853,130 | 2023 | +3.84% | +5.87% | View data |
| 10 | 10 Lithuania | 794,440 | 2023 | +7.47% | +317.01% | View data |
