The market size volume for multi-phase AC motors with an output inferior to 750 W in Finland experienced fluctuations between 2013 and 2023. The market grew from 92.5 thousand units in 2013 to 107.82 thousand units in 2023, with a noteworthy peak in 2018 and subsequent decline until a modest recovery in 2023. The average annual growth rate over the past five years was marginally negative due to the variations in growth, which were significantly affected by an economic downturn post-2019 and a slight revival post-2020.
Future trends:
- Expect advancements in energy-efficient motors driving demand.
- Regulatory changes aiming at green energy might influence market dynamics.
- Potential for growth in automation and industrial upgrades.
