Fractional Horsepower Segment is Expected To Dominate the Saudi Arabia Medium Voltage Electric Motors Market in the Forecast Period
Increased
urbanization and rising power demand are the major factors propelling the
market growth in the future.
According
to TechSci Research report, “Saudi Arabia Medium Voltage Electric Motors
Market - By Region, Competition, Forecast & Opportunities, 2028F”, Saudi Arabia Medium Voltage
Electric Motors Market is expected to be driven by the increasing demand for
energy-efficient motors and growing demand for electric motors in the
industrial sector.
Developed
areas are the biggest customer of medium voltage electric engines in Saudi
Arabia. The government's economic diversification initiatives, which aim to
lessen the country's reliance on oil, are driving the expansion of the
industrial sector. The demand for electric motors with a medium voltage will
rise as the industrial sector is expected to continue expanding in the upcoming
years.
However,
when used in industrial applications, motors with high power ratings produce a
significant amount of heat, vibration, and strain, all of which have the
potential to have a significant impact on electronic components, resulting in
their failure. Additionally, it is anticipated that small and medium-sized
business owners will benefits from smart motors, considering their variety of
applications during the anticipated time.
The
Saudi government is expanding the nation's power grid to fulfill modern power
needs. New applications for electric motors with a medium voltage are emerging because
of this expansion. For instance, medium voltage electric engines are being
utilized to drive new substations and transmission lines.
Browse
over xx market data Figures spread through xx Pages and an in-depth TOC on "Saudi Arabia Medium Voltage Electric Motors Market.”
The
Saudi Arabia Medium Voltage Electric Motors market is divided into type, output
power, end-user, voltage, and region. Based on type, the market is divided into
AC Motors and DC Motors. Based on output power, the market is segmented into
Fractional Horsepower and Integral Horsepower. Based on end-user, the market is
segmented into Industrial, Commercial, Residential, Transportation and
Agriculture. Based on voltage, the market is segmented into 1-3KV, 3-5KV, and 5-6.6KV. Based on region, the market
is segmented into Riyadh, Makkah, Eastern Province, and Rest of Saudi Arabia.
Based
on Output Power, the market is segmented into Integral Horsepower (IHP) Output
and Fractional Horsepower (FHP) Output.
The fractional horsepower segment is anticipated to dominate the market
due to the growing demand of electric motors with power ranges up to 1
horsepower in small businesses like paper and pulp industries, textile mills,
warehouses, and other applications. Major companies will make the most of investments
in the integral horsepower (Above 1HP) market.
Based
on Voltage Rating, the market is segmented into Low Voltage 1-3KV, 3-5KV,
5-6.6KV. Vacuum cleaners, coffee makers, refrigerators, washing machines, and
other home appliances are in high demand in both the residential and commercial
sectors so 1KV will be the used maxium. The up to 1 kV category now holds the
majority of the market. The majority of the 1 kV-6.6 kV section's investment
will go towards agricultural and industrial sectors. Large motor capacities are
typically required for industrial and agricultural operations due to the
equipment's high-power requirements. Furthermore, it is important to keep an
adequate progression of water or coolant to ensure that the whole modern
arrangement and horticultural exercises work well.
Based
on End-User, the market is segmented into Residencial, Commercial, Industrial,
and Transportation and Agriculture. As governments around the world focus on
creating supporting laws and directions to raise mindfulness with respect to
the utilization of electric cars in their individual countries, there has been
an increment in the need for electric engines from the car industry within the
transportation segment. This trend, which is anticipated to proceed for a
number of a long time, is driving ventures within the transportation division.
Key
market players in the Saudi Arabia Medium Voltage Electric Motors Market include:
- ABB Saudi Arabia
- Siemens AG
- Rockwell Automation
- Ametek Saudi Arabia
- Toshiba Middle East
- General Electric Saudi Arabia
- NIDEC Corporation
- Alfanar Electrical Systems LLC
- Hitachi Middle East
- Johnson Electric
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“Saudi
Arabia's industrial development is one of the main drivers of the market for
medium voltage electric motors. Manufacturing, construction, and oil and gas
are just a few of the industries that have benefited from initiatives like
Vision 2030. These enterprises depend intensely on medium voltage electric motors
for fueling apparatus and hardware, driving the interest for these engines.
Moreover, government support as motivations, endowments, and great arrangements
further empowers the reception of energy-effective innovations, adding to the
market's development.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Saudi
Arabia Medium Voltage Electric Motors Market – Segmented by Type (AC Motors and
DC Motors), By Output Power (Fractional Horsepower, Integral Horsepower), By
End-User (Industrial, Commercial, Residential, Transportation and Agriculture),
By Voltage (1-3KV, 3-5KV, 5-6.6KV), By Region, Competition, Opportunity, and
Forecast, 2028F”, has evaluated the future growth potential of Saudi Arabia
medium voltage electric motors market and provides statistics and information
on market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities
present in the Saudi Arabia medium voltage electric motors market.
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