22.09.2022 Views

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.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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

About Us

Market Reports on Saudi Arabia provides you with an in-depth industry reports

focusing on various economic, political and operational risk environment,

complemented by detailed sector analysis. We have an exhaustive coverage on

variety of industries – ranging from energy and chemicals to transportation,

communications, constructions and mining to Food and Beverage and education.

Our collection includes over 3000 up-to-date reports all researched, analysed and

published by top-notch international research firms.

Contact us at:

Market Reports On Saudi Arabia

Tel: +91 22 27810772 / 27810773

Email: info@marketreportsonsaudiarabia.com

Website: http://www.marketreportsonsaudiarabia.com

Follow us on : Twitter, Facebook, LinkedIn

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!