The market is dominated by foreign suppliers, as imports account for 73.9% of total market size in 2024. B2B drives market demand, with B2B spending representing 84.8% of total demand in 2024. Spain has the third largest market size for electric motors, generators and transformers regionally, with demand reaching USD9.7 billion in 2024. Siemens Gamesa Renewable Energy Innovation & Technology SL is the largest company in Spain, generating 4.1% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 13.7% of total production value in 2024. The total number of companies decreases in 2024, to 563 units. The costs of the industry increase by 7.4% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 7.4% of production value in 2024, the 18th highest regionally. The industry’s exports share decreases in 2024 to 58.9% of total production output. With production value of USD8.8 billion, Spain accounts for 10.7% of the Western Europe total in 2024.
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This Euromonitor industrial report provides unique information on Electric Motors, Generators and Transformers in Spain: ISIC 311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Motors, Generators and Transformers in Spain: ISIC 311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Hi-tech Goods in Spain report includes:
- Five year forecasts on industry’s historic trends and growth
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- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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Electric Motors, Generators and Transformers in Spain: ISIC 311
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MARKET OVERVIEW
Hi-tech Goods
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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