The market size for Multi-Phase AC Motors of an output inferior to 750 W in Portugal reached 19.256 million euros in 2023. The market showed growth with a year-on-year increase of 3.87%. This follows a significant recovery in 2021 with a 25.75% increase post the 2020 downturn, which had a 12.01% decline due to broader economic impacts. The last five years' CAGR was 3.04%, indicating a moderate but consistent growth trajectory.
Future trends to watch for include:
- The impact of green energy policies promoting efficient motor usage.
- Advancements in motor technology enhancing performance and reducing costs.
- Potential fluctuations due to external economic factors influencing industrial demand.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 341,660,000 | 2023 | +4.18% | +4.55% | View data |
| 2 | 2 Spain | 76,739,000 | 2023 | +1.08% | +0.6% | View data |
| 3 | 3 Finland | 20,918,000 | 2023 | -2.23% | -2.6% | View data |
| 4 | 4 Portugal | 19,256,000 | 2023 | +3.87% | +3.04% | |
| 5 | 5 Croatia | 4,024,800 | 2023 | +2.77% | +5.62% | View data |
