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.
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:
--Saudi Arabia Electric Motors Market, By Voltage:
up to 1 kV
--Saudi Arabia Electric motors Market, By End User:
--Saudi Arabia Electric Motors Market, By Rotor Type:
--Saudi Arabia Electric Motors Market, By Output Power:
--Saudi Arabia Electric Motors Market, By Region:
Northern & Central Region
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