Saudi Arabia Electric Motors Market Research Report 2021-2027
Saudi Arabia Electric Motors Market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising demand for heavy machinery and consumer electronics in the country. Besides, the rapidly growing automotive sector, owing to the increasing manufacturing of automobiles, is boosting the demand for electric motors in Saudi Arabia. Moreover, advancements in various end use industries and rapid industrialization in the country are contributing to the market growth.
Saudi Arabia Electric Motors Market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising demand for heavy machinery and consumer electronics in the country. Besides, the rapidly growing automotive sector, owing to the increasing manufacturing of automobiles, is boosting the demand for electric motors in Saudi Arabia. Moreover, advancements in various end use industries and rapid industrialization in the country are contributing to the market growth.
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Saudi Arabia Electric Motors Market, By Type (AC, DC), By Voltage (up
to 1 kV, 1kV-6.6 kV, above 6.6kV), By End User (Industrial, Commercial,
Residential, Transportation, and Agriculture), By Rotor Type (Inner,
Outer), By Output Power (Integral Horsepower, Fractional
Horsepower), By Region, Competition Forecast & Opportunities, 2027
Market Reports on Saudi Arabia Provides the Trending Market Research Report on
“Saudi Arabia Electric Motors Market, By Type (AC, DC), By Voltage (up to 1 kV,
1kV-6.6 kV, above 6.6kV), By End User (Industrial, Commercial, Residential,
Transportation, and Agriculture), By Rotor Type (Inner, Outer), By Output Power
(Integral Horsepower, Fractional Horsepower), By Region, Competition Forecast &
Opportunities, 2027” under Energy Market Research Reports category. The Electric
Motors Market Database in Saudi Arabia is projected to exhibit highest growth rate
over report offers a collection of superior market research, market analysis, and
competitive intelligence and industry reports.
Saudi Arabia Electric Motors Market is projected to grow at a formidable rate during
the forecast period, 2023-2027. The market growth can be attributed to the rising
demand for heavy machinery and consumer electronics in the country. Besides, the
rapidly growing automotive sector, owing to the increasing manufacturing of
automobiles, is boosting the demand for electric motors in Saudi Arabia. Moreover,
advancements in various end use industries and rapid industrialization in the country
are contributing to the market growth.
The country's ever-expanding automotive industry has a significant impact on the
need for electric motors. With the rising personal disposable income of the
population, the nation's demand for vehicles is increasing, causing the automotive
industry to grow rapidly. In 2020, the country's market for passenger cars alone was
worth USD11.33 billion. By the end of 2030, beginning from 2020, Saudi Arabia
expects to sell more than 300,000 units. As a result, rising vehicle sales in the nation
will contribute to increasing demand for electric motors in the years to come,
expected to fuel the growth of the Saudi Arabian market for electric motors over the
next five years.
The market for electric motors in Saudi Arabia will expand over the next five years
due to ongoing improvements in electrical appliances, growing demand for energy
efficiency, and increased power generation capacity. New technologies like axial flux,
in-wheel, etc., would aid market expansion. In modern equipment and applications,
these technologies are quickly gaining acceptance, supporting the growth of the
Saudi Arabian electric motors market during the next five years.
The Saudi Arabia electric motors market segmentation is based on the type,
voltage, end user, rotor type, output power, competitional landscape, and regional
distribution. Based on type, the market is divided into AC and DC. The alternating
current (AC) segment is expected to dominate the Saudi Arabia electric motors
market, owing to the increasing demands for the same for multiple applications.
Key players operating in the Saudi Arabia electric motors market are ABB Electrical
Industries Co. Ltd., WEG Industries, Nidec Motor Corporation, TECO Middle East,
Siemens Saudi Arabia, TECO Middle East, Grundfos Saudi Arabia Company Ltd.,
KONCAR Generators & Motors, Ashoor Electric Motors, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia electric
motors market from 2023 to 2027.
•To estimate and forecast the market size of Saudi Arabia electric motors market
from 2023 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia electric motors market based on type,
voltage, end user, rotor type, output power, region, and company.
•To identify the dominant region or segment in the Saudi Arabia electric motors
market.
•To identify drivers and challenges for the Saudi Arabia electric motors market.
•To examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in the Saudi Arabia electric motors market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia
electric motors market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia
electric motors market.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are
important for the industry stakeholders such as product manufacturers, suppliers
and partners, end users, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia electric motors market has been segmented into
following categories, in addition to the industry trends which have also been detailed
below:
•Saudi Arabia Electric Motors Market, By Type:
AC
DC
•Saudi Arabia Electric Motors Market, By Voltage:
up to 1 kV
1kV-6.6 kV
above 6.6kV
•Saudi Arabia Electric motors Market, By End User:
Industrial
Commercial
Residential
Transportation
Agriculture
•Saudi Arabia Electric Motors Market, By Rotor Type:
Inner
Outer
•Saudi Arabia Electric Motors Market, By Output Power:
Integral Horsepower
Fractional Horsepower
•Saudi Arabia Electric Motors Market, By Region:
Northern & Central Region
Eastern Region
Southern Region
Western Region
Competitive Landscape
Browse our full report with Table of Contents:
https://marketreportsonsaudiarabia.com/report/763625/saudi-arabia-electric-moto
rs-market-by-type-ac-dc-by-voltage-up-to-kv-kv-kv-above-kv-by-end-user-industrialcommercial-residential-transportation-and-agriculture-by-rotor-type-inner-outer-byoutput-power-integral-horsepower-fractional-horsepower-by-region-competition-fo
recast-opportunities
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