The market for multi-phase AC motors with output between 7.5 kW and 37 kW in Denmark has shown a fluctuating trend over the past decade. In 2023, the market size stood at 15.352 million euros, marking a significant decrease from both 2022 and previous years. The year-on-year variation in 2022 was a sharp decline of 37.52%, while 2023 saw an additional drop of 13.34%. The compound annual growth rate over the last five years was -8.55%, indicating a consistent downward trajectory.
Future trends to watch for:
- Technological advancements leading to more efficient motors which may spur demand.
- Increased adoption of renewable energy solutions and automation that could expand market needs.
- Potential recovery or growth due to industrial upgrades or economic changes post-2023.
