| Product Code: ETC5124780 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continued to show a strong demand for induction motors, with top imports coming from Italy, Greece, China, Germany, and the USA. The market remained highly concentrated, indicating limited competition among suppliers. The impressive compound annual growth rate of 27.48% from 2020 to 2024 further highlights the increasing importance of induction motors in Cyprus. Additionally, the remarkable growth rate of 74.46% in 2024 demonstrates a surge in demand, pointing towards a promising outlook for the induction motor market in the country.

By 2027, the Induction Motor market in Cyprus is anticipated to reach a growth rate of 1.51%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Induction Motor Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Induction Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Induction Motor Market - Industry Life Cycle |
3.4 Cyprus Induction Motor Market - Porter's Five Forces |
3.5 Cyprus Induction Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Induction Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Induction Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Induction Motor Market Trends |
6 Cyprus Induction Motor Market Segmentations |
6.1 Cyprus Induction Motor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Induction Motor Market Revenues & Volume, By Single Phase, 2021-2031F |
6.1.3 Cyprus Induction Motor Market Revenues & Volume, By Three Phase, 2021-2031F |
6.2 Cyprus Induction Motor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Induction Motor Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Cyprus Induction Motor Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Cyprus Induction Motor Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.5 Cyprus Induction Motor Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.6 Cyprus Induction Motor Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Induction Motor Market Import-Export Trade Statistics |
7.1 Cyprus Induction Motor Market Export to Major Countries |
7.2 Cyprus Induction Motor Market Imports from Major Countries |
8 Cyprus Induction Motor Market Key Performance Indicators |
9 Cyprus Induction Motor Market - Opportunity Assessment |
9.1 Cyprus Induction Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Induction Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Induction Motor Market - Competitive Landscape |
10.1 Cyprus Induction Motor Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Induction Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |