The re-import of AC motors, multi-phase with an output of 0.75-75 kW to China has shown a positive trend from 2024 to 2028, with a steady year-on-year growth forecasted from approximately $31 million in 2024 to nearly $36 million in 2028. As of 2023, the value was not provided, yet the forecasted data indicates a consistent upward trajectory.
Variations: An increasing trend is evident with year-on-year variations reflecting growth:
- 2024-2025: 4.08%
- 2025-2026: 3.83%
- 2026-2027: 3.61%
- 2027-2028: 3.41%
Over the five-year forecast period (2024-2028), the Compound Annual Growth Rate (CAGR) is expected to stabilize at approximately 3.73%.
Future trends to watch include technological advancements in AC motors and potential policy changes affecting China’s import strategy. The emphasis on energy efficiency and smart motor technologies may well drive further increases in demand, potentially altering the forecasted growth rates.
