The export of DC motors and DC generators of an output of 0.75-75 kW from Spain has experienced significant fluctuations over the years. From a low point of 2.7522 million USD in 2013, the value surged remarkably to 20.897 million USD by 2018. After a slight decline in the following two years, 2021 saw another rise to 19.086 million USD, and by 2023, the value reached 21.489 million USD. This denotes a 5.86% year-on-year increase for 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 0.56%, reflecting moderate growth.
Future trends indicate a continued upward trajectory with forecasted values suggesting approximately 3.98% CAGR and a 21.53% overall growth rate from 2024 to 2028. By 2028, the export value is projected to reach 27.703 million USD. Key trends to watch include potential shifts in global demand for DC motors and generators, technological advancements, and economic policies impacting trade.
