The import of DC motors and generators with outputs less than 750 Watts to China is projected to increase steadily from 2024 to 2028. In 2023, the import value was lower compared to the forecast figures for 2024 and beyond. Year-on-year growth reveals a consistent upward trend.
Key variations:
- 2024: +2.18% from 2023
- 2025: +2.18% from 2024
- 2026: +2.09% from 2025
- 2027: +2.00% from 2026
- 2028: +1.93% from 2027
The compound annual growth rate (CAGR) from 2024 to 2028 captures an average annual increase of approximately 2.08%.
Future trends to watch include technological advancements in electric vehicles, automation in manufacturing, and increasing demand for renewable energy sector components, which are likely to drive further growth in imports of these motors and generators.
