Saudi Arabia electric motor market is projected
to grow at a significant period during the forecast period. The market growth
can be attributed to the rapid transition towards energy-efficient motors and
increasing application of motor-driven household appliances. Besides,
continuously expanding automotive sector and high demand for AC motors across
various industries are fuelling the growth of Saudi Arabia electric motor
market. Increase in electricity consumption and growing use of electrical
equipment and machines are positively impacting the growth of Saudi Arabia
electric motor market. Various end-user industries such as electronics,
textiles, and pulp & paper are leveraging electric motors to offer
high-functioning products, stimulating the demand for electric motors. Increased
demand for heating, ventilation, and air conditioning (HVAC) systems and
transition of the automotive industry towards electric vehicles and growing
robotic technology are expected to aid the growth of Saudi Arabia electric motors
market.
Saudi Arabia electric motor market is
segmented on the basis of type, voltage, output power, end-user, region,
company, and region. Based on the type, AC motors category is projected to
witness a healthy growth rate in the Saudi Arabia electric motor market
throughout the forecast period. Based on voltage, < 1 kV (Low) category is
projected to witness a positive growth in the market for electric motors in
Saudi Arabia throughout the forecast period. In terms of end-user, Saudi Arabia
electric motor market is categorized into industrial, commercial, residential,
transportation and agriculture. The industrial sector is predicted to keep on
witnessing healthy growth during the forecast period. Also, the residential
sector is expected to keep on boosting the electric motor market in Saudi
Arabia during the forecast period.
Some of the major players operating in Saudi Arabia electric
motor market are ABB Electrical
Industries Co. Ltd., Siemens Limited, TECO Middle East Electrical and Machinery
Co. Ltd, WEG Middle East FZE, Nidec Motor Corporation, CG Power Systems Belgium
NV, ATB Schorch GmbH, Alfanar Electrical Systems LLC, Ashoor Electric Motors Factory
and Saudi French Company etc.
Objective of the Study:
- To analyze and forecast the market size of Saudi
Arabia electric motor market, in terms of value and volume.
- To classify and forecast Saudi Arabia electric
motor market based on type, voltage, output power, end-user and regional
distribution.
- To identify drivers and challenges for Saudi
Arabia electric motor market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions etc. in Saudi
Arabia electric motor market.
- To conduct the pricing analysis for Saudi
Arabia electric motor market.
- To identify and analyze the profile of leading
players involved in Saudi Arabia electric motor market.
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To perform the study, TechSci
Research conducted primary as well as exhaustive secondary research. Initially,
TechSci Research prepared an exhaustive list of electric motor manufacturers operating in Saudi Arabia. Subsequently, TechSci Research
conducted primary research surveys, which include primary calls, email
responses, etc., with the identified companies. While interviewing, the
respondents were also asked about their major competitors. Through this technique, TechSci Research could include
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analysed product offerings, distribution channels,
and regional presence of all major companies of Saudi Arabia electric motor
market.
TechSci Research calculated the market size for Saudi Arabia electric motor using a bottom-up technique, wherein manufacturers value data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values
from industry experts and company representatives, and externally validated
through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple
secondary sources such as directories, databases such as Company Websites,
company annual reports, white papers, investor presentations and financial
reports were also used by TechSci Research.
Key Target Audience:
- Electric
motor manufacturers and stakeholders.
- Electric
motor equipment manufacturers
- Electric
motor component supplier and distributors
- Electric
and hybrid vehicle manufacturers
- Research
organizations and consulting companies.
- Associations,
organizations, forums and alliances related to electric motor.
The study is useful in providing answers to several
critical questions that are important for industry stakeholders such as electric motor market manufacturer,
customers and policy makers. The study would also help them to target
the growing segments over the coming years (next two to five years), thereby aiding
the stakeholders in taking investment decisions and facilitating their
expansion.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2020
|
|
Estimated
Year
|
2022E
|
|
Forecast
Period
|
2023F – 2027F
|
|
Quantitative
Units
|
Revenue in
USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F
|
|
Report
Coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments
Covered
|
·
Type
·
Voltage
·
Output Power
|
|
Region
Scope
|
Western
Region, Central Region, Southern Region, Eastern Region, Northern Region
|
|
Key
Companies Profiled
|
Lanxess,
TSRC Corporation, The Goodyear Tire and Rubber Company, Sinopec, Zeon
Corporation, Nizhnekamskneftekhim, Kumho Petrochemical, JSR Corporation,
Versalis S.P.A., LG Chem.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase
options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Saudi Arabia electric motor market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- Saudi Arabia Electric Motor Market,
By Type
- Saudi Arabia Electric Motor Market,
By Voltage
- < 1 kV (Low)
- 1 kV–6.6 kV (Medium)
- > 6.6 kV (High)
- Saudi Arabia Electric Motor Market,
By Output Power
- < 1 hp (Fractional Horsepower)
- > 1 hp (Integral Horsepower)
- Saudi Arabia Electric Motor Market,
By End-User
- Industrial
- Commercial
- Residential
- Transportation
- Agriculture
- Market, by Region:
- Northern
- Western
- Southern
- Eastern
- Central
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia electric motor market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect Voltage.
It is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at
[email protected]