The market size for Single-Phase AC Motors with an output superior to 750 W in Croatia was 19.58 thousand units in 2023. Between 2013 and 2023, the market fluctuated with notable decreases in 2014 and 2015 but eventually showed resilience post-2016, leading to a steady upward trend from 2017 onward. The last two years displayed modest year-on-year growth rates of 2.75% in 2022 and 2.65% in 2023. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was 1.47%, indicating moderate market growth.
Future trends to watch for include technological advancements, energy efficiency demands, and economic conditions impacting industrial sectors, which may drive further market growth or transformation. Emerging applications and increased automation in industries might boost demand for these motors.
