Key Market Indicators
Irish DC motor imports are projected to decline significantly, reaching approximately $654,000 by 2028, down from around $897,000 in 2023. This represents an average annual decrease of 5%. The trend is not new, as Irish demand for DC motors has been falling at an average rate of 7.7% per year since 1997. On the export front, Ireland's DC motor market is also set to experience a downturn. Exports are expected to drop to roughly $540,000 by 2028, down from nearly $727,000 in 2023. This indicates a compound annual growth rate (CAGR) decline of 4.7%. Since 1997, the supply has seen an even steeper average annual decrease of 10.2%. In 2023, Ireland was ranked 36th globally in DC motor exports. Thailand surpassed Ireland with exports valued at around $727,000. Germany, the United States, and France held the second, third, and fourth positions, respectively, in the global ranking.
