The Danish market for multi-phase AC motors of an output between 750 W and 75 kW experienced a significant decline in market size value from 2013 to 2023, down from 106.31 million euros in 2013 to 80.905 million euros in 2023. Over the last two years, the market saw a consistent year-on-year decrease of approximately 2.5%. From 2018 to 2023, the compound annual growth rate (CAGR) averaged around -3.39%, indicating a notable shrinkage in the market size within this period.
Future trends to watch for include potential market recovery driven by increasing energy efficiency initiatives and technological advancements in motor designs. Moreover, evolving applications in industrial automation and renewable energy sectors may offer new growth opportunities in the coming years.
How does Denmark rank in Multi-Phase AC Motors of an Output Between 750 W and 75 kW Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,582,700,000 | 2023 | +1.46% | +1.21% | View data |
| 2 | 2 Italy | 661,410,000 | 2023 | +1.81% | -0.25% | View data |
| 3 | 3 Spain | 236,180,000 | 2023 | +2.11% | +2.43% | View data |
| 4 | 4 Poland | 221,820,000 | 2023 | +9.73% | +2.7% | View data |
| 5 | 5 Finland | 99,754,000 | 2023 | +6.36% | +1.09% | View data |
| 6 | 6 Denmark | 84,276,000 | 2023 | -2.54% | -3.39% | |
| 7 | 7 Bulgaria | 15,221,000 | 2023 | +4.62% | +1.1% | View data |
| 8 | 8 Greece | 13,498,000 | 2023 | +3.9% | +2.24% | View data |
