Multi-phase AC electric motors market in Denmark

Earlier Report Observations

The Danish market for multi-phase AC electric motors saw a decline in physical volume from 439,000 units in 2018 to 388,000 units in 2021, while its value dropped to $111 million in 2020 before recovering to $127 million in 2021. During this period, market standards were shaped by the Danish Technological Institute's role in ecodesign compliance testing for motors, and strategic recommendations for Power-to-X technologies highlighted the future importance of electric motors in the green transition for sectors like heavy transport and green fuel production.

Market volume rebounded strongly to 477,000 units in 2022, a growth supported by a 6.4% increase in Denmark's electricity generation that year, which boosted demand for motors in energy and industrial applications. Despite a subsequent contraction to 411,000 units in 2023, the year was marked by rapid growth in electric car sales due to tax incentives and the emergence of electric trucks, indicating shifting demand within transport segments. The market recovered to 466,000 units in 2024, driven by the accelerated expansion of Power-to-X projects for producing green fuels like e-methanol, which increased demand for motors in electrolysis and related industrial processes.

Production multi-phase AC electric motors in Denmark

In value, 2018-2021, K $ US

In 2021, Denmark's output of multi-phase AC electric motors was valued at 14 736 K $ US, marking a significant reduction of 13.9% compared to 2020. The minimum value during the 2018-2021 period was recorded in 2019 at 13 117 K $ US, while the maximum occurred in 2020 at 17 118 K $ US, which also saw the largest increase of 30.5%. Overall, production grew by 4.1% over this four-year span, with a compound annual growth rate of 1.4%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, unit

In 2021, Denmark produced 15 836 units of multi-phase AC electric motors, representing a decrease of 27.1% year-over-year. The minimum production level was in 2019 with 15 597 units, and the maximum was in 2020 with 21 710 units, which also experienced the largest increase of 39.2%. Over the 2018-2021 period, production declined by 3.9%, with a compound annual growth rate of 1.3%.

Annual dynamics of production in Denmark in kind, 2018-2021, unit

Exports multi-phase AC electric motors from Denmark

Exports in kind, K unit

Following a two-year reduction, Denmark's exports of multi-phase AC electric motors increased in 2021, reaching 215.3 K units—a significant rise of 17.4% compared to the previous year. The minimum value was recorded in 2020 at 183.4 K units, and the largest decline occurred in 2019 at 3.7%. Between 2018 and 2021, exports grew by 10.2%, equating to an annualized rate of 3.3%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, K unit

The structure of Denmark's exports in kind from 2018 to 2021 shows a diversified set of partners. Germany accounted for 20.4% of exports in kind, Poland for 10.6%, and the Netherlands for 9.3%, together making up 40.3% of total flows. The remaining 59.7% was distributed among numerous smaller markets.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, M $ US

In 2021, the value of multi-phase AC electric motors exported from Denmark amounted to 98.1 M $ US, reflecting a solid increase of 23.6% year-over-year. The minimum value was in 2020 at 79.3 M $ US, which also saw the largest decline of 9.6%. Over the 2018-2021 period, exports increased by 15.8%, with an annualized rate of 5.0%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, M $ US

The structure of Denmark's exports in value terms from 2018 to 2021 can be described as diversified. Germany held 16.8% of exports in value terms, Poland 8.7%, and Hungary 6.6%, together accounting for 32.1% of total flows, with no single country dominating the market.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports multi-phase AC electric motors to Denmark

Imports in kind, K unit

After a two-year fall, Denmark's imports of multi-phase AC electric motors increased in 2021, totaling 587.7 K units—a rise of 4.1% compared to the previous year. The minimum value was recorded in 2020 at 564.3 K units, and the largest decline occurred in 2019 at 6.8%. Between 2018 and 2021, imports decreased by 4.9%, equating to an annualized rate of 1.7%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, K unit

From 2018 to 2021, China was the largest supplier of multi-phase AC electric motors to Denmark in kind, accounting for 28.0% of imports. Germany followed with 16.8%, and Hungary with 16.2%, together forming 61.0% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, M $ US

Following a two-year decline, Denmark's imports of multi-phase AC electric motors increased in 2021, reaching 210.7 M $ US—a robust rise of 21.5% compared to the previous year. The minimum value was in 2020 at 173.4 M $ US, which also saw the largest decline of 6.7%. Over the 2018-2021 period, imports grew by 8.4%, with an annualized rate of 2.7%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, M $ US

From 2018 to 2021, Germany was the leading source for Denmark's imports of multi-phase AC electric motors in value terms, accounting for 26.0%. China followed with 18.7%, and Hungary with 12.5%, together making up 57.2% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021