Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Output Power, By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial machinery, Motor vehicles, Heating, ventilating, and cooling (HVAC) equipment, Aerospace & transportation, Household appliances, Other), By Speed (RPM) (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM), Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)) And Competitive Landscape
Product Code: ETC060594 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Middle East Electric Motor Market report thoroughly covers the market by countries, by motor type, by voltage range, by application, and by speed. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Electric Motor Market is going through rapid development and growth driven by the increasing demand for energy-efficient and low-emission electric motors across various industries. The region has been investing heavily in renewable energy sources, and electric motors have become an essential component in the transition towards sustainable energy consumption.
According to 6Wresearch, the Middle East Electric Motor Market size is growing at a CAGR of 5.70% during the forecast period of 2024-2030. The primary driver of the Middle East electric motor market has been the surge in the demand for energy-efficient solutions. The region has witnessed an exponential increase in energy consumption over the last couple of decades, and governments have started realizing the importance of sustainable energy sources coupled with energy-efficient solutions. However, the lack of awareness and knowledge of energy-efficient solutions among the public has slowed down the adoption of electric motors. Additionally, lack of local manufacturing has increased the cost of electric motors as the region is highly dependent on imports. The Middle East electric motor industry has witnessed several trends over the last few years. One of the prominent trends has been the introduction of variable speed drives (VSD), which enhances the efficiency of the electric motors to operate at low loads. Besides, there has been substantial growth in IoT-enabled electric motors, which can provide real-time monitoring, fault detection, and predictive maintenance. Furthermore, the adoption of synchronous reluctance motors (SRM) has been gaining importance in the region. The Middle East electric motor industry presents ample opportunities for manufacturers and suppliers. With the increase in awareness about the benefits of energy-efficient and low-emission electric motors, the demand is expected to rise in the future. Additionally, the shift towards renewable energy sources has created a huge demand for electric motors, primarily in the wind and solar sectors.
The government of the Middle East has been determined in steering the region towards technology-driven advancements. The introduction of several policies has encouraged the establishment and Middle East Electric Motor Market Growth. Through investment programs and facilitating a business-friendly environment, the government has allowed businesses to thrive and compete at a global level. For instance, Dubai established the โDubai Clean Energy Strategy 2050,โ aiming to reduce the city's carbon footprint and become a major global center for the clean energy industry. Similarly, Oman has introduced the โMiddle Eastโs first energy, water management platformโ to monitor and optimize energy consumption at the pumping stations in Muscat. To continue empowering the region's electric motor market, the Middle East has implemented numerous schemes aimed at promoting the use of sustainable energy. For instance, Saudi Arabia has established a program called โThe National Renewable Energy Program,โ targeting the generation of 58.7 GW of clean energy by 2030. Similarly, the United Arab Emirates launched the โCapacity Building for Clean Energy Program,โ aiming to boost clean energy usage and support companies operating in the sector.
The Middle East market for electric motors is highly competitive, with several prominent companies operating within the region. Siemens AG and Honeywell International Inc. are examples of such companies, addressing the growing need for energy-efficient technologies and the use of electric motors. Siemens AG is a leading supplier of electric motors used in the HVAC and refrigeration industry in the Middle East. In contrast, Honeywell International is responsible for providing solutions for the building automation market, including electric motor control systems.
By Countries, Saudi Arabia holds the largest market share in the Middle East electric motor market due to the increasing demand for electric motors in various sectors. UAE and Qatar follow closely behind due to their strong economic growth and increasing investments in infrastructure development, which has led to an increase in demand for electric motors in various applications.
Based on Application, the industrial machinery segment is dominating the Middle East Electric Motor Market Share. This is due to the growing demand for energy-efficient equipment in various industries such as manufacturing, oil & gas, and power generation.
According to Mohit, Senior Research Analyst, 6Wresearch, the 10-20 V range segment is projected to experience the substantial growth in the Middle East electric motor market due to its increasing demand in motor vehicles, HVAC equipment, and aerospace & transportation. The 60 V & Above range segment is expected to grow due to their use in industrial machinery and ultrahigh-speed electric motors.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Electric Motor Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Electric Motor Market Revenues & Volume, 2020 & 2030F |
3.3 Middle East Electric Motor Market - Industry Life Cycle |
3.4 Middle East Electric Motor Market - Porter's Five Forces |
3.5 Middle East Electric Motor Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Middle East Electric Motor Market Revenues & Volume Share, By Motor Type, 2020 & 2030F |
3.7 Middle East Electric Motor Market Revenues & Volume Share, By Output Power, 2020 & 2030F |
3.8 Middle East Electric Motor Market Revenues & Volume Share, By Voltage Range, 2020 & 2030F |
3.9 Middle East Electric Motor Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 Middle East Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2020 & 2030F |
4 Middle East Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Electric Motor Market Trends |
6 Saudi Arabia Electric Motor Market, 2020-2030 |
6.1.1 Saudi Arabia Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
6.1.2 Saudi Arabia Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
6.1.3 Saudi Arabia Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
6.1.4 Saudi Arabia Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
6.1.5 Saudi Arabia Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
7 UAE Electric Motor Market, 2020-2030 |
7.1 UAE Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
7.2 UAE Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
7.3 UAE Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
7.4 UAE Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
7.5 UAE Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
8 Qatar Electric Motor Market, 2020-2030 |
8.1 Qatar Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
8.2 Qatar Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
8.3 Qatar Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
8.4 Qatar Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
8.5 Qatar Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
9 Kuwait Electric Motor Market, 2020-2030 |
9.1 Kuwait Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
9.2 Kuwait Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
9.3 Kuwait Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
9.4 Kuwait Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
9.5 Kuwait Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
10 Oman Electric Motor Market, 2020-2030 |
10.1 Oman Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
10.2 Oman Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
10.3 Oman Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
10.4 Oman Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
10.5 Oman Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
11 Bahrain Electric Motor Market, 2020-2030 |
11.1 Bahrain Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
11.2 Bahrain Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
11.3 Bahrain Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
11.4 Bahrain Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
11.5 Bahrain Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
12 Turkey Electric Motor Market, 2020-2030 |
12.1 Turkey Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
12.2 Turkey Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
12.3 Turkey Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
12.4 Turkey Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
12.5 Turkey Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
13 Rest of Middle East Electric Motor Market, 2020-2030 |
13.1 Rest of Middle East Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030 |
13.2 Rest of Middle East Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030 |
13.3 Rest of Middle East Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030 |
13.4 Rest of Middle East Electric Motor Market, Revenues & Volume, By Application, 2020-2030 |
13.5 Rest of Middle East Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030 |
14 Middle East Electric Motor Market Key Performance Indicators |
15 Middle East Electric Motor Market - Opportunity Assessment |
15.1 Middle East Electric Motor Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Middle East Electric Motor Market Opportunity Assessment, By Motor Type, 2020 & 2030F |
15.3 Middle East Electric Motor Market Opportunity Assessment, By Output Power, 2020 & 2030F |
15.4 Middle East Electric Motor Market Opportunity Assessment, By Voltage Range, 2020 & 2030F |
15.5 Middle East Electric Motor Market Opportunity Assessment, By Application, 2020 & 2030F |
15.6 Middle East Electric Motor Market Opportunity Assessment, By Speed (RPM), 2020 & 2030F |
16 Middle East Electric Motor Market - Competitive Landscape |
16.1 Middle East Electric Motor Market Revenue Share, By Companies, 2023 |
16.2 Middle East Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |
Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Output Power, By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial machinery, Motor vehicles, Heating, ventilating, and cooling (HVAC) equipment, Aerospace & transportation, Household appliances, Other), By Speed (RPM) (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM), Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)) And Competitive Landscape
Product Code: ETC060594 | Publication Date: May 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle Eastย Electric Motorย Marketย is projected to grow over the coming years. Middle Eastย Electric Motorย Market is a part of our various regional publications globally. 6W tracksย Electric Motorย Market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Globalย Electric Motorย Market outlook report annually.
Middle East Electric Motor Market report thoroughly covers market by motor type, speed, voltage, application and Countries. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Electric Motor Market Synopsis
Middle East Electric Motor Market is anticipated to project growth during the upcoming period on account of growing construction sector. Increasing investment in technology backed by growing automotive industry beholds the growth of the market. Increasing penetration of consumers towards the electric and heating appliances is adding to the development of the market. Governmentโs favorable policies to alleviate the usage of fossil fuel and initiate electric vehicle triggers the potential growth of the market.
According to 6Wresearch, Middle East Electric Motor Market size is projected to register growth during 2021-2027. Increasing prices of fuel is boosting the demand for electric vehicle further leading to the development of the market. Additionally, the growing industrial sector along with rising need for heavy machinery beholds the growth of electric motor market. Deployment of machinery in agriculture and commercial sector is adding to the potential growth of the market. The outbreak of COVID-19 has negatively impacted the growth of the market on account of restriction of movement of goods. Nationwide lockdown led to the disruption in supply chain further leading to the decline in the growth of the market.
Market Analysis by Speed
On the basis of speed, high-speed segment is accounting the largest share and is expected to continue its position during the upcoming period as well.ย
Other Related Reports:
Key Attractiveness of the Report
Key Highlights of the Report:
Market Segmentation:
The report provides a detailed analysis of the following market segments: