In 2023, the market size for single-phase AC motors of an output inferior to 750 W in Germany was valued at 5.7 million units. Forecasted data from 2024 to 2028 indicates a consistent decline in market volume. By 2028, the projected market size will be 5.0445 million units, showing a downward trajectory.
The year-on-year variation between 2024 and 2025 is approximately -2.36%. Similarly, from 2025 to 2026, the market decline is about -2.40%. From 2026 to 2027, the year's variation is around -2.42%, and between 2027 and 2028 it is -2.47%. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to average around -2.47% annually.
Future trends to watch:
- Potential increases in energy efficiency standards that may necessitate new product innovations.
- Technological advancements and adoption of alternative energy sources could impact demand.
- Market shifts towards automation and smart systems might influence motor specifications.