In 2023, Germany dominated the European market for multi-phase AC motors of less than 750W with a significant share of 44.09%, despite a slight decline of 1.02%. Italy followed with a noticeable increase of 9.26%, securing a 27.73% share. France and Poland also showed positive year-on-year growth at 1.78% and 6.15%, respectively, contributing to 10.28% and 8.05% of the market. Other countries like Bulgaria experienced notable growth of 12.58%, although from a lower base. Among the declining markets were Austria, Denmark, and Finland. Lithuania marked the sharpest decline with a 21.92% drop.
Looking forward, the European sold production market for multi-phase AC motors of under 750W is expected to be influenced by technological advancements, increased demand for energy-efficient solutions, and shifts in manufacturing hubs. Countries with declining market shares might need to innovate and invest in cutting-edge production technologies. Manufacturers in emerging economies like Poland and Bulgaria stand to benefit from increased production capabilities and export potential. The ongoing energy transition could further propel demand for these motors as the continent prioritizes sustainability and efficiency in various industrial applications.
Top countries in Sold Production of Multi-Phase AC Motors of an Output Less than 750 W Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.09 | 2023 | +1.65% | -1.02% | View data |
| 2 | 2 Italy | 27.73 | 2023 | +3.8% | +9.26% | View data |
| 3 | 3 France | 10.28 | 2023 | +5.32% | +1.78% | View data |
| 4 | 4 Poland | 8.05 | 2023 | +4% | +6.15% | View data |
| 5 | 5 Czechia | 5.44 | 2023 | |||
| 6 | 6 Spain | 1.29 | 2023 | +0.54% | +6.32% | View data |
| 7 | 7 Austria | 0.73 | 2023 | -8.51% | -10.62% | View data |
| 8 | 8 Denmark | 0.68 | 2023 | -15.69% | -3.09% | View data |
| 9 | 9 Finland | 0.37 | 2023 | -4.92% | -2.83% | View data |
| 10 | 10 Bulgaria | 0.24 | 2023 | +5.06% | +12.58% | View data |