In 2023, Italy led the European market for single-phase AC motors under 750 W with sales valued at €299.87M, reflecting a modest 1.05% year-over-year increase. Germany followed with €261.27M, showing a 5.8% rise, while France saw a slight decline at -1.44%, totaling €208.35M. Poland and Romania demonstrated strong growth, with increases of 5.34% and 7.38%, respectively. Conversely, Spain and Hungary experienced minimal negative growth, whereas Bulgaria faced a significant downturn of -4.15%. Looking at the compound annual growth rate (CAGR), these figures indicate varied but generally positive trends over the last five years.
Future trends to watch:
- Innovations in energy-efficient motors potentially boosting sales across Europe.
- Effects of sustainability initiatives driving demand for advanced AC motors.
- Potential impacts of political and economic stability on production and demand.
- The significance of Eastern European markets, as observed in Romania and Poland's recent growth.
Top countries in Sold Production of Single-Phase AC Motors of an Output Less than 750 W by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 299,870,000 | 2023 | +0.28% | +1.05% | View data |
| 2 | 2 Germany | 261,270,000 | 2023 | +1.59% | +5.8% | View data |
| 3 | 3 France | 208,350,000 | 2023 | -6.2% | -1.44% | View data |
| 4 | 4 Poland | 160,790,000 | 2023 | +4.56% | +5.34% | View data |
| 5 | 5 Romania | 91,982,000 | 2023 | +3.01% | +7.38% | View data |
| 6 | 6 Spain | 21,373,000 | 2023 | +0.51% | -0.33% | View data |
| 7 | 7 Hungary | 21,138,000 | 2023 | +3.43% | +3.73% | View data |
| 8 | 8 Czechia | 14,424,000 | 2023 | |||
| 9 | 9 Bulgaria | 495,720 | 2023 | -3.63% | -4.15% | View data |
| 10 | 10 Denmark | 807 | 2021 | -99.8% | -68.38% | View data |
