The market for multi-phase AC motors with an output below 750 W in Portugal demonstrated a consistent growth trend over the last decade, reaching 66.18 thousand units in 2023. Despite some fluctuations, such as declines in 2018 and 2019, the market rebounded strongly in subsequent years with an annual increase of over 6% in both 2020 and 2021. The past two years show more modest growth, with 2022 and 2023 recording increases of 2.3% and 2.04% respectively. Over the last five years, the compound annual growth rate (CAGR) stood at 2.53%.
Looking ahead, key trends to watch in the multi-phase AC motors market include technological advancements that improve efficiency, a shift towards sustainable solutions, and the potential impact of regulatory changes aimed at promoting energy efficiency. Adapting to these trends will be crucial for stakeholders navigating this evolving market landscape.
