Key Market Indicators
Iran's import of DC motors is projected to reach nearly $4.6 million by 2028, up from approximately $4.2 million in 2023. This represents an average annual growth rate of 1.3%. The demand for DC motors in Iran has been on a steady rise, increasing by 1.8% annually since 2002. On the export front, Iran's DC motor shipments are expected to grow to around $43,000 by 2028, compared to about $39,000 in 2023. This marks an average annual growth rate of 1.7%. Iranian supply has seen a significant boost, with exports increasing by 2.5% each year since 2002.
