The import value of DC motors and generators with an output of 0.75-75 kW to Spain has experienced significant fluctuations over the past years. In 2023, the value stood at 7.4047 million USD. There were noticeable peaks in 2015 and 2018 with values rising to 7.5198 and 8.8166 million USD respectively, but a declining trend has been consistent since 2019. The year-on-year variation showed an 18.22% increase in 2021, a slight decrease of 1.87% in both 2022 and 2023. Over the last five years, the compound annual growth rate (CAGR) has an average decline of 3.43%.
Looking ahead, the forecast for the next five years suggests a steady decline with the CAGR projected at -1.66%, resulting in a total decrease of approximately 8.03% by 2028.
Future trends to watch for include:
• Technological advancements and shifts in energy preferences impacting demand.
• Changes in trade policies and economic conditions influencing import values.
• Movements towards green and sustainable energy solutions affecting traditional DC motor and generator imports.
