Between 2013 and 2023, the Finnish market for multi-phase AC motors with outputs ranging from 7.5 kW to 37 kW showed fluctuations, ending at 26.9 thousand units in 2023. Notably, from 2013 to the abrupt dip in 2020, market values saw several ups and downs, with a significant plunge of 17.34% in 2020. Recovery followed, albeit inconsistently, with a year-on-year decrease of 0.39% in 2023. The five-year CAGR until 2023 was a modest -0.73%, reflecting mild stagnation.
Future market growth could potentially be influenced by:
- Increasing industrial automation and smart manufacturing.
- Advances in energy-efficient motor technologies.
- Economic recovery post-pandemic leading to boosted industrial output.
