Saudi Arabia Electric Motors Market is anticipated to grow with increasing use of electric appliances.
According to TechSci report on, “Saudi Arabia Electric Motors Market – By Region, Competition Forecast & Opportunities, 2027” Saudi Arabia Electric motors market may flourish with an impressive CAGR during the forecast period of 2023-2027, on the backbone of rapidly increasing usage of electronic machines and power generating equipment. Expanding automotive industry and growing manufacturing of the automobiles due to higher sales of the automotives also actively drive the growth of the Saudi Arabia electric motors market in the upcoming five years. Increasing industrialization, growing infrastructural growth, expanding end use industries like construction industry, also facilitate the growth of the Saudi Arabia electric motors market in the next five years. Growing demands for power generation and increasing energy consumption for various purposes residential, and industrial demands are cumulatively increasing and thus aiding the growth of the Saudi Arabia electric motors market in the future five years.
Some general factors responsible for the growth of the Saudi Arabia electric motors market in the forecast years may include growing number of power plants and oil rigs in the country, coupled with rapid commercialization and urbanization of the urban as well as rural areas of the country. Technological advancement, growing investments in the sector, manufacturing of the electric motors as well as demands to advance the products and services further substantiates the growth of the Saudi Arabia electric motors market in the forecast years through 2027. Furthermore, rapidly growing demands for the heating, ventilation, and air conditioning (HVAC) systems from residential, commercial, industrial end using sectors is also anticipated to further facilitate the growth of the Saudi Arabia electric motors market in the forecast period.
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The Saudi Arabia electric motors market is segmented by type, voltage, end user, rotor type, output power, competitional landscape, and regional distribution. Based on type, the market is differentiated between AC and DC. Alternating Current (AC) electric motors are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on grounds of increasing demands for the same for multiple applications. Increasing sales of the appliances & equipment like pumps, compressor, fans, etc. further adds up to the growing demand for the AC electric motors thus supporting the growth of the Saudi Arabia electric motors market in the next five years. By voltage, the market is further segmented into up to 1 kV, 1kV-6.6 kV, and above 6.6kV.
Based on end user, the market is fragmented into industrial, commercial, residential, transportation, and agriculture. Industrial end users are expected to dominate the growth of the market and may hold the largest revenue shares of the market in the upcoming five years due to growing expansions in the country. Increasing industrialization, developing advancement of the products, and modernization coupled with the urbanizations, further supports the growth of the Saudi Arabia electric motors market in the future five years. By rotor type, the market is divided between inner and outer rotor. Based on output power, the market is also bifurcated into integral horsepower and fractional horsepower.
A partial list of major market players of the Saudi Arabia electric motors market includes
- ABB Limited
- ARC Systems Inc.
- Denso Corporation
- Emerson Electric Co.
- Johnson Electric Holdings Limited
- Maxon
- Nidec Corporation
- Regal Rexnord Corporation
- Rockwell Automation, Inc.
- Siemens AG
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“Saudi Vision 2030 is government aided scheme that facilitates the growth of the end use sectors in the country. With consistent investments, growing demands for the technologically advanced products and higher industrialization further support the market growth by driving the growing demands for the electric motors. Lavish lifestyles of the population, and rapidly growing immigrant population with high disposable income also influence the market growth positively. New market players are required to focus over research and invest in the sector to produce technologically advanced electric motors to support their brand establishment in the competitive market. The industry already has global giants leading the market in the country, thus collaborations with them would be a better strategy for the future years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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” has evaluated the future growth potential of Saudi Arabia Electric motors market and provides statistics & information on market size, structure and future market growth. The report intends 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 in Saudi Arabia Electric motors market.
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