In 2023, Italy imported 16.57 Million Kilograms of multi-phase AC motors with an output of less than 750 watts. Forecasts suggest a steady rise from 2024 through 2028, with imports reaching 17.68 Million Kilograms by 2028. The year-on-year growth from 2023 to 2024 is anticipated to be around 1.4%. Yearly increases from 2024 to 2028 are consistent, with an approximate Compound Annual Growth Rate (CAGR) of 1.26% over these five years.
Future trends to watch for:
- Increased demand for energy-efficient motor technologies.
- Regulations influencing the market towards sustainable products.
- Potential market growth driven by the industrial automation sector.
