
GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The GCC electric motor market size reached US$ 134.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 190.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.05% during 2023-2028.
Electric motors are devices which convert electrical energy into mechanical energy. They offer numerous advantages such as long operating life, low energy consumption, low maintenance, and high endurance for fluctuating voltages. Owing to this, electric motors form an important component of the oil and gas industries in the GCC countries which require high value and complex rotating equipment systems. Apart from this, they are used in a diverse range of devices such as dishwashers, vacuum cleaners, printing presses, smartphones, automobiles, etc.
Rising fuel prices have generated a preference towards electric vehicles which do not cause carbon emissions. Owing to this, the governments of the GCC countries are highly supportive of electric vehicles, thereby facilitating the market growth. Apart from this, the use for commercial and industrial HVAC units is also rising in the region, in turn, stimulating the demand for electric motors. Growing petrochemical industry, expansion of industrial sector, establishment of special economic zones along with upcoming infrastructure projects in the GCC region have further propelling the growth prospects of the market.
The report has segmented the GCC electric motor market on the basis of efficiency into IE1, IE2, IE3, and IE4. Amongst these, IE2 motors hold the largest share. The market is further categorised on the basis of applications covering pumps and fans, compressors, and others. On the basis of end-use, HVAC represents the largest end-use industry. Other major end-use industries include oil and gas, food and beverage, mining, water and utilities, and others. Within the GCC region, Saudi Arabia is the leading market, accounting for the largest share. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are ABB, Siemens, WEG Industries, NIDEC Corporation, and TECO Middle East Electrical & Machinery Co. Ltd.
This report provides a deep insight into the GCC electric motor industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an electric motor manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC electric motor industry in any manner.
Key Questions Answered in This Report:
How has the GCC electric motor market performed so far and how will it perform in the coming years?
What are the key regional markets in the GCC electric motor industry?
What has been the impact of COVID-19 on the GCC electric motor industry?
What are the key end-use segment in the GCC electric motor industry?
What are the major applications in the GCC electric motor industry?
What are the various stages in the value chain of the GCC electric motor industry?
What are the key driving factors and challenges in the GCC electric motor industry?
What is the structure of the GCC electric motor industry and who are the key players?
What is the degree of competition in the GCC electric motor industry?
What are the profit margins in the GCC electric motor industry?
What are the key requirements for setting up an electric motor manufacturing plant?
How is electric motor manufactured?
What are the various unit operations involved in an electric motor manufacturing plant?
What is the total size of land required for setting up an electric motor manufacturing plant?
What are the machinery requirements for setting up an electric motor manufacturing plant?
What are the raw material requirements for setting up an electric motor manufacturing plant?
What are the packaging requirements for electric motor?
What are the transportation requirements for electric motor?
What are the utility requirements for setting up an electric motor manufacturing plant?
What are the manpower requirements for setting up an electric motor manufacturing plant?
What are the infrastructure costs for setting up an electric motor manufacturing plant?
What are the capital costs for setting up an electric motor manufacturing plant?
What are the operating costs for setting up an electric motor manufacturing plant?
What will be the income and expenditures for an electric motor manufacturing plant?
What is the time required to break-even?
Table of Contents
130 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Electric Motor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market Breakup by Product Type
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by End Use
- 5.6 Market Forecast
- 6 Global Low Voltage Electric Motor Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.3 Market Breakup by Power Ratings
- 6.4 Market Breakup by Efficiency
- 6.5 Market Breakup by End Use Industry
- 6.6 Market Breakup by Application
- 6.7 Market Breakup by Region
- 6.8 Market Forecast
- 7 GCC Low Voltage Electric Motor Market
- 7.1 Market Overview
- 7.2 Market Performance
- 7.3 Impact of COVID-19
- 7.4 Market Breakup by Power Ratings
- 7.5 Market Breakup by Efficiency
- 7.6 Market Breakup by End Use Industry
- 7.7 Market Breakup by Application
- 7.8 Market Breakup by Region
- 7.9 Market Forecast
- 7.10 SWOT Analysis
- 7.10.1 Overview
- 7.10.2 Strengths
- 7.10.3 Weaknesses
- 7.10.4 Opportunities
- 7.10.5 Threats
- 7.11 Value Chain Analysis
- 7.12 Porters Five Forces Analysis
- 7.12.1 Overview
- 7.12.2 Bargaining Power of Buyers
- 7.12.3 Bargaining Power of Suppliers
- 7.12.4 Degree of Competition
- 7.12.5 Threat of New Entrants
- 7.12.6 Threat of Substitutes
- 8 GCC Electric Motor (Low Voltage) Market: Performance by Efficiency
- 8.1 Standard Efficiency Electric Motors
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 High Efficiency Electric Motors
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Premium Efficiency Electric Motors
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Super Premium Efficiency Electric Motors
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 GCC Electric Motor (Low Voltage) Market: Performance by End-Use Industry
- 9.1 HVAC
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Oil and Gas
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Food, Beverage and Tobacco
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Mining
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Water and Utilities
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 10GCC Electric Motor (Low Voltage) Market: Performance by Applications
- 10.1 Pumps and Fans
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Compressors
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Other Uses
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 11GCC Electric Motor (Low Voltage) Market: Performance of Key Regions
- 11.1 Saudi Arabia
- 11.1.1 Market Overview
- 11.1.2 Market Performance
- 11.1.3 Market Breakup by Power Ratings
- 11.1.4 Market Breakup by Efficiency
- 11.1.5 Market Breakup by End Use Industry
- 11.1.6 Market Breakup by Application
- 11.1.7 Market Forecast
- 11.2 UAE
- 11.2.1 Market Overview
- 11.2.2 Market Performance
- 11.2.3 Market Breakup by Power Ratings
- 11.2.4 Market Breakup by Efficiency
- 11.2.5 Market Breakup by End Use Industry
- 11.2.6 Market Breakup by Application
- 11.2.7 Market Forecast
- 11.3 Other Major Markets in GCC Region
- 11.3.1 Oman
- 11.3.2 Qatar
- 11.3.3 Kuwait
- 11.3.4 Bahrain
- 12Competitive Landscape
- 12.1 Market Structure
- 12.2 Market Share of Key Players
- 13Electric Motor Manufacturing Process
- 13.1 Product Overview
- 13.2 Detailed Process Flow
- 13.3 Various Types of Unit Operations Involved
- 13.4 Mass Balance and Raw Material Requirements
- 14Project Details, Requirements and Costs Involved
- 14.1 Land Requirements and Expenditures
- 14.2 Construction Requirements and Expenditures
- 14.3 Plant Layout
- 14.4 Plant Machinery
- 14.5 Machinery Pictures
- 14.6 Raw Material Requirements and Expenditures
- 14.7 Packaging Requirements and Expenditures
- 14.8 Utilities Requirements and Expenditures
- 14.9 Manpower Requirements and Expenditures
- 14.10 Other Capital Investments
- 15Loans and Financial Assistance
- 16Project Economics
- 16.1 Capital Cost of the Project
- 16.2 Techno-Economic Parameters
- 16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 16.4 Taxation and Depreciation
- 16.5 Income Projections
- 16.6 Expenditure Projections
- 16.7 Financial Analysis
- 16.8 Profit Analysis
- 17Key Player Profiles
Pricing
Currency Rates
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