Germany remains the leader in global AC motor exports with a slight decline of 0.72% in 2023. China and the United States follow closely, showcasing growths of 3.06% and 2.21% respectively. Finland witnessed a minor contraction, while Japan observed a sharper decline at 1.03%. Emerging markets like Singapore and India showed robust growth, indicating expanding industrial capacities. Notably, smaller economies such as the Philippines and Denmark experienced significant growth rates, suggesting potential future contenders in the AC motor export market.
Looking forward, expect growth in Asia-Pacific due to industrial advancements and cost-effective manufacturing. European countries may retain their stronghold through technology innovation. Keep an eye on countries showing high growth rates such as Greece, Costa Rica, and Bosnia and Herzegovina, as they may disrupt the traditional exporters' hierarchy with consistent growth.
Top countries in Export of AC Motors, Multi-Phase of an Output of 75 kW and more Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.65 | 2023 | +0.047% | -0.72% | View data |
| 2 | 2 China | 12.74 | 2023 | +3.15% | +3.06% | View data |
| 3 | 3 United States | 12.2 | 2023 | +2.15% | +2.21% | View data |
| 4 | 4 Finland | 10.05 | 2023 | +0.94% | -0.34% | View data |
| 5 | 5 Czech Republic | 4.58 | 2023 | +3.03% | +2.03% | View data |
| 6 | 6 Japan | 4.51 | 2023 | -1.77% | -1.03% | View data |
| 7 | 7 Italy | 4.13 | 2023 | +1.74% | +3.15% | View data |
| 8 | 8 Austria | 3.99 | 2023 | +2.3% | +2.2% | View data |
| 9 | 9 France | 3.95 | 2023 | +0.3% | +0.16% | View data |
| 10 | 10 Brazil | 3.54 | 2023 | -3.52% | -3.45% | View data |
