Italy led European exports of multi-phase AC motors with 32.77% of the market share in 2023, boasting a 4.73% growth. Germany, with 22.83%, experienced a decline of 3.38%. France, at 10.74%, saw a slight decrease of 1.5%. Remarkably, Slovakia's share surged by 36.01%, while Hungary and the Netherlands showed substantial growth of 7.96% and 7.8%, respectively. In contrast, the United Kingdom declined by 10.43%, and Belgium by 9.75%. Malta witnessed a notable increase of 28.88%. Over the last five years, the compound annual growth rate highlights a maturing market with varied growth rates among countries.
Future trends to consider include continued technological advancements and increased demand for energy-efficient motors, fostering growth among leading exporters like Italy and Germany. Additionally, Eastern European countries such as Hungary and Slovakia may expand their market shares due to competitive pricing and rising quality standards. Observing policy developments related to green energy and industry standards will be crucial for forecasting market dynamics.
Top countries in Export of Multi-Phase AC Motors of an Output 0,75 kW - 7,5 kW Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 32.77 | 2023 | -3.31% | +4.73% | View data |
| 2 | 2 Germany | 22.83 | 2023 | -8.24% | -3.38% | View data |
| 3 | 3 France | 10.74 | 2023 | -25.17% | -1.5% | View data |
| 4 | 4 Czechia | 7.56 | 2023 | |||
| 5 | 5 Hungary | 6.91 | 2023 | +3.5% | +7.96% | View data |
| 6 | 6 Netherlands | 4.96 | 2023 | +6.12% | +7.8% | View data |
| 7 | 7 Poland | 4.37 | 2023 | +1.33% | -0.55% | View data |
| 8 | 8 Austria | 2.97 | 2023 | +7.59% | +1.39% | View data |
| 9 | 9 Slovenia | 1.69 | 2023 | +4.7% | +2.09% | View data |
| 10 | 10 Slovakia | 1.28 | 2023 | -6.51% | +36.01% | View data |
