Between 2013 and 2023, the market size volume for motors of an output inferior to 37.5 W in Romania showed fluctuations, with values ranging from 26.737 million in 2013 to 38.882 million in 2023. A notable rise in market volume occurred in 2017 with a growth rate of 19.73%, followed by consistent growth from 2018 through 2023. Recent years, specifically 2022 and 2023, recorded a moderate growth rate of 4.75% and 3.26% respectively. The CAGR over the last five years stands at 1.68%, indicating steady but moderate expansion during this period.
Future trends to watch for:
- Increased demand for energy-efficient and compact motors.
- Potential technological advancements in motor manufacturing.
- Shifts in regulatory policies impacting motor standards.
- Growth opportunities linked to industrial automation and electronics sectors.
