In 2023, Italy led the European market for the production of single-phase AC motors under 750 W, holding a 37.02% share. Romania and Poland followed, with 22.88% and 17.68% respectively. France accounted for 12.21% while Germany registered 7.28% of the share. Notably smaller markets included Spain at 0.99% and Hungary at 0.79%, with Denmark and Bulgaria holding marginal shares of 0.013% and 0.01% respectively.
The year-on-year analysis from 2022 to 2023 shows substantial growth for France at 7.69% and Romania at 2.84%. Italy experienced a decline of 7.25%, while Spain and Denmark saw considerable contractions, with their markets shrinking by 35.84% and 36.58% respectively.
Looking ahead, the forecast for 2024 and beyond suggests continued prominence for Italy, Romania, and Poland. Growth indicators for France warrant attention, while recovery efforts will be crucial for Spain and Denmark. Technological advancements and sustainable energy adoption are poised to drive market dynamics in the coming years.
Top countries in Sold Production of Single-Phase AC Motors of an Output Less than 750 W Share by Country (Units (Items))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.02 | 2023 | -3.96% | -7.25% | View data |
| 2 | 2 Romania | 22.88 | 2023 | +1.39% | +2.84% | View data |
| 3 | 3 Poland | 17.68 | 2023 | -0.18% | +0.45% | View data |
| 4 | 4 France | 12.21 | 2023 | -1.13% | +7.69% | View data |
| 5 | 5 Germany | 7.28 | 2021 | +13.86% | View data | |
| 6 | 6 Spain | 0.99 | 2023 | -73% | -35.84% | View data |
| 7 | 7 Hungary | 0.79 | 2023 | +0.45% | +0.33% | View data |
| 8 | 8 Denmark | 0.013 | 2023 | -56.09% | -36.58% | View data |
| 9 | 9 Bulgaria | 0.01 | 2023 | -25.7% | -14.09% | View data |
