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Electric Motor, Generator & Transformer Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 271 June 2024 Spotlight Report

Revenue

€163.2bn

2019-2024 4.8 %
2024-2029 X.X %

Employees

810k

2019-2024 0.2 %
2024-2029 X.X %

Businesses

23,311

2019-2024 0.7 %
2024-2029 X.X %

Profit

€XX.Xbn

2019-2024 X.X %

Profit Margin

X.X%

2019-2024 X.X pp

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Electric Motor, Generator & Transformer Manufacturing in Europe industry analysis

The electric motor, generator and transformer manufacturing industry relies on various downstream industries as a source of demand, including manufacturing, electric utilities and the construction sector. Increasing environmental awareness has boosted demand for more efficient direct current motors in recent years, which aligns with increasingly stringent EU regulations. For example, the EU Ecodesign Directive and IE4 Motor Directive have and will continue to fuel innovation in the industry, propelling orders for high-efficiency motors. Manufacturers have also contended with substantial input inflation in recent years, typified by soaring steel, aluminium and copper prices.

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Industry Statistics and Trends

Electric Motor, Generator & Transformer Manufacturing in Europe key trends

Increasing automation in manufacturing fuels demand for electricity control apparatus.

 

Innovations in downstream factory automation have increased demand for programmable logic controllers, which can control manufacturing processes by integrating machines and systems into internal factory communication networks.

Microgrids offer excellent revenue potential for transformer and switchgear manufacturers.

 

New high-voltage switchgear will continue to be in high demand as wind farms, photovoltaic systems and island grids keep expanding.

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Electric Motor, Generator & Transformer Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Electric Motor, Generator & Transformer Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 4.8 % over the past five years, to reach an estimated €163.2bn in 2024.

Trends and Insights

Increasing automation and innovation in the manufacturing process fuels demand for electricity control apparatus

  • Innovations in downstream factory automation have increased demand for programmable logic controllers, which can control manufacturing processes by integrating machines and systems into internal factory communication networks.

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Electric Motor, Generator & Transformer Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Microgrids offer excellent revenue potential for transformer and switchgear manufacturers

  • New high-voltage switchgear will continue to be hot property as wind farms, photovoltaic systems and island grids keep expanding. In this context, the need for robust, intelligent switching systems that can independently evaluate and respond to measurement data will climb.

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Revenue

€163.2bn

2019-2024 4.8 %
2024-2029 X.X %

Employees

810k

2019-2024 0.2 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.2 % *
  • Job Growth

Top 5 Countries

  1. Romania +9.0%
  2. Netherlands +7.5%
  3. Denmark +4.8%
  4. Bulgaria +4.8%
  5. Austria +4.6%

Bottom 5 Countries

  1. Serbia -16.7%
  2. Malta -14.4%
  3. Sweden -9.1%
  4. Russia -1.7%
  5. Czechia -1.7%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Electric Motor, Generator & Transformer Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Robert Bosch GmbH
91,104.3
3,687.8
4.0
Siemens AG
72,439.3
5,123.2
7.1
Prysmian SpA
15,175.0
723.0
4.8

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Electric Motor, Generator & Transformer Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Electric Motor, Generator & Transformer Manufacturing industry in Europe in 2024?

The market size of the Electric Motor, Generator & Transformer Manufacturing industry in Europe is €163.2bn in 2024. 

How many businesses are there in the Electric Motor, Generator & Transformer Manufacturing in Europe industry in 2024?

There are 23,311 businesses in the Electric Motor, Generator & Transformer Manufacturing industry in Europe, which has grown at a CAGR of 0.7 % between 2019 and 2024.

Has the Electric Motor, Generator & Transformer Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Electric Motor, Generator & Transformer Manufacturing industry in Europe has been declining at a CAGR of 0.7 % between 2019 and 2024. 

What is the forecast growth of the Electric Motor, Generator & Transformer Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Electric Motor, Generator & Transformer Manufacturing industry in Europe is expected to decline.

What are the biggest companies in the Electric Motor, Generator & Transformer Manufacturing market in Europe?

The biggest companies operating in the Electric Motor, Generator & Transformer Manufacturing market in Europe are Robert Bosch GmbH, Siemens AG and Prysmian SpA

What does the Electric Motor, Generator & Transformer Manufacturing in Europe include?

Electric Motor, Generator & Transformer Manufacturing and Electricity Distribution & Control Apparatus Manufacturing are part of the Electric Motor, Generator & Transformer Manufacturing industry.

Which companies have the highest market share in the Electric Motor, Generator & Transformer Manufacturing in Europe?

The company holding the most market share in Europe is Robert Bosch GmbH.

Which countries have the most businesses in the Electric Motor, Generator & Transformer Manufacturing industry in Europe?

The European country with the most businesses in the Electric Motor, Generator & Transformer Manufacturing industry is Czechia.

How competitive is the Electric Motor, Generator & Transformer Manufacturing industry in Europe?

The level of competition is moderate and steady in the Electric Motor, Generator & Transformer Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry manufacture various electric motors and transformers, like alternating current motors. Companies also manufacture power generators and motor generator sets, including direct-current generators. The industry also encompasses manufacturing electricity distribution and control apparatus and parts for motors, generators, transformers, inductors and converters.

Related Terms

GENERATOR ELECTRIC MOTORTRANSFORMERALTERNATORSWITCHBOARDSWITCHGEARRELAY

What's included in this industry?

Electric Motor, Generator & Transformer ManufacturingElectricity Distribution & Control Apparatus Manufacturing

Companies

Robert Bosch GmbHSiemens AGPrysmian SpA

Industry Code

ISIC 2006

271 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus in Europe

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Performance

Key Takeaways

Increasing automation and innovation in the manufacturing process fuels demand for electricity control apparatus

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Electric Motor, Generator & Transformer Manufacturing in Europe industry (2011 -2029)
  • Employees in the Electric Motor, Generator & Transformer Manufacturing in Europe industry (2011 -2029)
  • Business in the Electric Motor, Generator & Transformer Manufacturing in Europe industry (2011 -2029)
  • Profit in the Electric Motor, Generator & Transformer Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Electric Motor, Generator & Transformer Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Electric Motor, Generator & Transformer Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Electric Motor, Generator & Transformer Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Electric Motor, Generator & Transformer Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Rising import penetration reduces revenue generated from electricity distribution equipment. Increasing import competition has reduced revenue generated from electricity distribution equipment, particularly from foreign manufacturers in China, detracting global market share from European manufacturers.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Electric Motor, Generator & Transformer Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Electric Motor, Generator & Transformer Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Electric Motor, Generator & Transformer Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The industry consists mainly of SMEs. Only Siemens AG and Robert Bosch GmbH play a dominant role with a market share of over 5%, thanks to vertically integrated operations. Small producers typically specialise in a small range of products.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Robert Bosch GmbH
  • Countries of operation for Siemens AG
  • Countries of operation for Prysmian SpA
  • Countries of operation for Schneider Electric SE
  • Countries of operation for Caterpillar Inc
  • Countries of operation for ABB Ltd
  • Countries of operation for Valeo SA
  • Countries of operation for BV Beteiligung GmbH & Co. KG
  • Countries of operation for Hager SE
  • Countries of operation for Alstom SA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Manufacturers have to abide by numerous government regulations. For example, the Low Voltage Directive 2014/35/EU ensures a minimum level of safety for electrical equipment placed on the market in the EU.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Electric Motor, Generator & Transformer Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Input price inflation pushes up purchasing costs. Purchase costs shot up over 2021 and 2022 and remained historically high in 2023, mainly because of supply chain disruption, combined with heightened demand for raw materials like steel and aluminium.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Electric Motor, Generator & Transformer Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.