The market is dominated by foreign suppliers, as imports account for 73.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 81.7% of total demand in 2023. Spain has the second largest market size for electric motors, generators and transformers regionally, with demand reaching USD9.7 billion in 2023. Siemens Gamesa Renewable Energy Innovation & Technology SL is the largest company in Spain, generating 3.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 13.2% of total production value in 2023. The total number of companies increases in 2023, to 566 units. The costs of the industry increase by 39.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.1% of production value in 2023, the fifth highest regionally. The industry’s exports share decreases in 2023 to 60.1% of total production output. With production value of USD8.0 billion, Spain accounts for 10.6% of the Western Europe total in 2023.
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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
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