The import of multi-phase AC motors with an output of less than 750 watts is projected to see steady growth from 2024 to 2028. In 2023, the actual volume was below the forecasted figure for 2024, indicating an upward trend. Year-on-year increases are consistent, with a typical rise around 2.7% from 2024 onward, indicating positive growth momentum. Over the five-year period, the compound annual growth rate (CAGR) suggests a modest but steady increase annually.
Future trends to watch include technological advancements in energy efficiency for small motors, which may drive higher demand. Additionally, changes in manufacturing regulations and trade policies could impact import volumes and market dynamics.
