The market size value of Single-Phase AC Motors with an output inferior to 750 W in Croatia has shown a general upward trend from 2013 to 2023, reaching 3.94 million Euros in 2023. The fluctuations were notable, especially from 2017 to 2019, with a remarkable growth rate in 2017, and minor contractions in 2020. The year-on-year increase was moderate in the last two years, with a CAGR of 2.64% over the last five years.
Future trends to watch for include:
- Potential saturation in market demand leading to slower growth rates
- Technological advancements influencing efficiency and demand
- Impact of regulatory changes guiding energy-efficient motor usage
