The Motor and Generator Manufacturing Industry in the US saw fluctuating gross output values from 2013 to 2023. Starting at $11.47 billion in 2013, it peaked at $12.2 billion in 2014, followed by a significant decline to $9.64 billion in 2023. The overall trend denotes a gradual decrease, especially noticeable in recent years as the year-on-year percentage variation from 2021 to 2023 averaged around -1.02%. The CAGR over the last five years stood at -1.03%.

Future projections from 2024 to 2028 anticipate a continued decline, with a forecasted CAGR of -0.86% and a total reduction of 4.25% in industry output by 2028.

Future trends to watch for include:

Technological advancements in motor and generator efficiency.
Shifts in global supply chains and potential impacts of trade policies.
The adoption of renewable energy sources influencing demand patterns in the industry.
Environmental regulations and their implications on manufacturing processes.