Germany leads the European sold production of electric motors, generators, and transformers, contributing significantly more than other countries. However, in 2023, Germany saw a slight decline of 0.16%. Hungary marked a notable 2.02% growth, while Slovakia achieved a remarkable increase of 10.61%. Austria and Finland also displayed positive trends with 19.79% and 13.98% growth, respectively. Conversely, Italy and France faced declines, with Italy decreasing by 0.76% and France by 11.46%. Smaller markets like Croatia and Macedonia experienced significant contractions.
Future trends to watch include the potential for emerging markets to show rapid growth due to technological advancement and investment, and established markets like Germany harnessing innovation to maintain leadership. Renewable energy shifts could also impact production distribution and demand trends across Europe.
Top countries in Sold Production of Electric Motors, Generators and Transformers by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,733,300,000 | 2023 | +1.48% | -0.16% | View data |
| 2 | 2 Hungary | 889,240,000 | 2023 | +6.06% | +2.02% | View data |
| 3 | 3 Italy | 223,600,000 | 2023 | +1.42% | -0.76% | View data |
| 4 | 4 Slovakia | 60,171,000 | 2023 | +6.08% | +10.61% | View data |
| 5 | 5 Poland | 46,246,000 | 2023 | +1.81% | -5.22% | View data |
| 6 | 6 Spain | 28,421,000 | 2023 | -15.03% | -6.9% | View data |
| 7 | 7 Czechia | 26,340,000 | 2023 | |||
| 8 | 8 Denmark | 22,710,000 | 2023 | -1.14% | +9.24% | View data |
| 9 | 9 Romania | 21,164,000 | 2023 | +3.01% | +2.3% | View data |
| 10 | 10 Austria | 9,701,800 | 2023 | +11.54% | +19.79% | View data |
