The European sold production of single-phase AC motors in 2023 highlights Italy as the leader with a production value of 372.16 million euros. France and Germany follow, collectively making up a significant portion of the market. Notably, France experienced the most substantial growth rate at 7.57% year-on-year, while Spain recorded a negative trend at -2.71%. Over the last five years, the cumulative average growth rate (CAGR) reflects a modest expansion in the sector, with variations across individual countries.
Future trends to watch:
- Technological advancements in motor efficiency and energy savings are expected to drive production and demand.
- Poland and Romania could continue gaining market share if recent positive trends persist.
- Market expansion in Eastern European countries could alter traditional production leaders.
- Sustainability considerations and regulatory changes may influence production strategies significantly.
Top countries in Sold Production of Single-Phase AC Motors by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 372,160,000 | 2023 | +2.16% | +2.93% | View data |
| 2 | 2 France | 331,790,000 | 2023 | +7.94% | +7.57% | View data |
| 3 | 3 Germany | 213,930,000 | 2023 | +0.89% | +0.91% | View data |
| 4 | 4 Poland | 165,230,000 | 2023 | +4.44% | +5.26% | View data |
| 5 | 5 Romania | 91,978,000 | 2023 | +3.01% | +7.38% | View data |
| 6 | 6 Czechia | 55,620,000 | 2023 | |||
| 7 | 7 Hungary | 28,059,000 | 2023 | +4.21% | +5.34% | View data |
| 8 | 8 Spain | 18,943,000 | 2023 | -3.81% | -2.71% | View data |
| 9 | 9 Bulgaria | 526,920 | 2023 | -5.06% | -8.05% | View data |
| 10 | 10 Denmark | 807 | 2021 | -99.81% | -68.8% | View data |
