The market size value for Multi-Phase AC Motors with an output inferior to 750 W in Finland stood at 20.918 million Euros in 2023, reflecting a slight decrease from the previous year. The year-on-year variation over the last two years indicates mixed trends, with a decline of 2.23% in 2023 and a mild recovery of 3.92% in 2022. Over the past five years, the market experienced a modest contraction with a compound annual growth rate (CAGR) of -2.6%, indicating a gradual decrease in market size since 2018.
Future trends to watch for include:
- Potential shifts in regulations or incentives promoting energy efficiency, impacting demand for lower output motors.
- Technological advancements that may alter the competitive dynamics or applications of these motors.
- Economic factors influencing industrial investments and activity within Finland.
How does Finland rank in Multi-Phase AC Motors of an Output Inferior to 750 W Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 341,660,000 | 2023 | +4.18% | +4.55% | View data |
| 2 | 2 Spain | 76,739,000 | 2023 | +1.08% | +0.6% | View data |
| 3 | 3 Finland | 20,918,000 | 2023 | -2.23% | -2.6% | |
| 4 | 4 Portugal | 19,256,000 | 2023 | +3.87% | +3.04% | View data |
| 5 | 5 Croatia | 4,024,800 | 2023 | +2.77% | +5.62% | View data |
