Key Market Indicators
Croatian exports of DC motors are expected to decrease 11.7% over the next five years, from $190,000 in 2021 to $94,000 in 2026. Since 1997, exports have dropped 28%. Croatia was ranked 58th in 2021, with Peru ahead at $190,000. Germany, the US, and France were ranked 2nd, 3rd, and 4th. Imports of DC motors into Croatia are predicted to drop 0.7% yearly on average over the next five years, from $612,000 in 2021 to $587,000 in 2026. Since 1997, imports have risen 6.1%. Croatia was 84th in 2021, with Bahrain at the top with $612,000. Canada, Germany, and the UK were ranked 2nd, 3rd, and 4th.
Croatia Electric Motor Market Data and Forecasts
What is the size of the Croatian Electric Motor Market in 2022?
How much will Croatia Electric Motor Market grow to 2026?
Improve your Knowledge with the latest Indicators and Trends
Several factors have coalesced to escalate global demand for AC motors. The rising need for energy-efficient systems plays a significant role in impelling market growth. Governments worldwide are mounting pressure on industrial sectors to reduce their carbon footprint, thereby increasing the demand for eco-friendly and more effective AC motors. Additionally,...Read more
Variable Frequency Drives (VFDs) are integral components in industrial automation, designed to control the speed of an AC induction motor, significantly contributing to the energy efficiency and performance optimization of machinery. They can be applied across a variety of sectors such as manufacturing, pulp & paper, oil & gas, or...Read more
The motors market is witnessing a shift in technological advancements, markedly observed in pneumatic, electric AC and DC subsets. The challenge of improving efficiency and sustainability has steered innovations, with technological pushes aiming at optimising energy utilization and material efficiency. The advent of smart motor technology, signifying a convergence of...Read more
Alternating current (AC) motors come in two primary types: single-phase and multi-phase. The fundamental difference between the two lies in their design and performance characteristics. Single-phase AC motors are simpler, often used in low-power applications where efficiency and torque control are less critical. These include domestic appliances and smaller commercial...Read more
Automation in various sectors such as manufacturing and production, health care, logistics and transport, along with a push towards the 4th industrial revolution, is contributing to the growth of the servo motors and drives market. The ability of these motors and drives to provide precision, efficiency, and speed, significantly reduces...Read more