In 2024, Germany leads the European engines and turbines production market with a dominant share of 51.32 million Euros, followed by the United Kingdom (13.19 million Euros) and Denmark (10.76 million Euros). Italy and France contribute moderately with 6.81 and 6.44 million Euros, respectively. Smaller markets like Sweden, Spain, and Finland show values under 2 million Euros. Notably, the Czech Republic and Greece demonstrated significant year-on-year growth in 2023 at rates of 7.75% and 40.29%, respectively, while countries like Slovakia and Poland faced substantial declines.
Future trends to watch for in the European engines and turbines production include the potential impact of advancements in green technology and shifts towards renewable energy sources, which may spur growth in countries investing in innovation. Germany is likely to maintain its strong position, while smaller countries showing recent growth, like Iceland and Lithuania, could see increasing shares as they continue to develop their industrial capabilities.
Top countries in Engines and Turbines Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 51.32 | 2023 | +3.13% | +1.88% | View data |
| 2 | 2 United Kingdom | 13.19 | 2023 | +2.69% | +2.1% | View data |
| 3 | 3 Denmark | 10.76 | 2023 | +4.92% | +2.18% | View data |
| 4 | 4 Italy | 6.81 | 2023 | -2.2% | +2.47% | View data |
| 5 | 5 France | 6.44 | 2023 | +1.38% | +0.85% | View data |
| 6 | 6 Sweden | 1.72 | 2023 | -0.86% | -3.38% | View data |
| 7 | 7 Spain | 1.57 | 2023 | +2.38% | +2.21% | View data |
| 8 | 8 Finland | 1.52 | 2023 | -2.72% | -3.13% | View data |
| 9 | 9 Poland | 1.28 | 2023 | -6.03% | -6.37% | View data |
| 10 | 10 Czech Republic | 0.73 | 2023 | +4.69% | +7.75% | View data |
