Market Forecast 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: ETC041121 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Electric Motor market currently, in 2023, has witnessed an HHI of 1150, Which has increased slightly as compared to the HHI of 1139 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
UAE Electric Motor Market report thoroughly covers the market 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.
UAE Electric Motor Market is anticipated to gain significant growth in the future attributed to the growing demand for energy-efficient technologies across many sectors. The future of this market in the nation will remain bright since there will be a huge expansion in demand for electric motors with the arrival of electric vehicles. The latest developments in the market show that the UAE Electric Motor Industry is poised for significant innovation and growth. Rising emphasis on sustainable energy sources, including wind energy and solar power, which are stimulating demand for reliable and efficient electric motors is the key market development. There are many initiatives underway in the country that help in driving the development of the market. For instance, Abu Dhabi currently launched a new program emphasizing supporting startups working for renewable technologies and accelerating clean energy innovation. Another major development is the rise of smart cities across the country, which depend on smart technology solutions.
According to 6Wresearch, the UAE Electric Motor Market Size is expected to grow at a CAGR of 10% during the forecast period of 2024-2030. Electric motors are an essential component in various applications, including transportation vehicles, industrial machinery, and HVAC systems. These motors are effective as they lower emissions as compared to their conventional counterparts and provide higher efficiency. The market is significantly growing since the demand for electric motors is growing and they will grow more as companies are coming up with electric vehicles. There are many initiatives underway in the country that helps in driving the development of the market. For instance, Abu Dhabi currently launched a new program emphasizing supporting startups working for renewable technologies and accelerating clean energy innovation. The government has taken initiatives to reduce greenhouse gas emissions and promote sustainability. The government is focusing on renewable energy sources like solar power which led to a rise in the implementation of electric motors in many industries. These factors have been boosting the UAE Motor Market Growth.
The UAE government has introduced a tax exemption policy to encourage the adoption of electric and hybrid vehicles. These vehicles are exempt from VAT and customs duty, making them more accessible and affordable for the public. Moreover, Dubai launched the Green Mobility Initiative in 2016 to promote electric vehicles and reduce carbon emissions. Abu Dhabi has a vision to reduce carbon emissions and promote sustainable development. The Abu Dhabi Environmental Vision 2030 includes various initiatives, including the promotion of electric vehicles and renewable energy sources. The vision also aims to improve the energy efficiency of buildings and reduce water consumption. The Dubai Clean Energy Strategy 2050 is an ambitious plan to make Dubai a global leader in clean energy. The plan includes the installation of solar panels on all buildings by 2030. The strategy aims to make Dubai a city with the lowest carbon footprint in the world by 2050.
Some most significant market players that play an important role in the market development are:
These market players have a long-standing status for producing innovative electric motor solutions which are environmentally friendly and efficient. They invest in research and development to improve their products and maintain strict quality control standards.
According to Dhaval, Research Manager, 6Wresearch, the AC motor segment is dominating the UAE Electric Motor Market Share due to its superior efficiency and performance, making it more suitable for industrial applications.
By Application, the industrial machinery segment is the largest segment in the UAE electric motor industry, accounting for the most substantial market share in revenue due to its widespread usage and applications.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. UAE Electric Motor Market Overview |
3.1. UAE Country Indicators |
3.2. UAE Electric Motor Market Revenues, 2020-2030F |
3.3. UAE Electric Motor Market Revenue Share, By Voltage, 2020 & 2030F |
3.4. UAE Electric Motor Market Revenue Share, By Types, 2020 & 2030F |
3.5. UAE Electric Motor Market Revenue Share, By Applications, 2020 & 2030F |
3.6. UAE Electric Motor Market Revenue Share, By End-Users, 2020 & 2030F |
3.7. UAE Electric Motor Market - Industry Life Cycle |
3.8. UAE Electric Motor Market - Porter’s Five Forces |
4. UAE Electric Motor Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. UAE Electric Motor Market Trends |
6. UAE Electric Motor Market Overview, By Voltage |
6.1. UAE Low Voltage Electric Motor Market Revenues, 2020-2030F |
6.2. UAE Medium Voltage Electric Motor Market Revenues, 2020-2030F |
6.3. UAE High Voltage Electric Motor Market Revenues, 2020-2030F |
7. UAE Electric Motor Market Overview, By Types |
7.1. UAE Electric Motor Market Revenues, By AC Type, 2020-2030F |
7.2. UAE Electric Motor Market Revenues, By DC Type, 2020-2030F |
8. UAE Electric Motor Market Overview, By Applications |
8.1. UAE Electric Motor Market Revenues, By Pump Application, 2020-2030F |
8.2. UAE Electric Motor Market Revenues, By Fan Application, 2020-2030F |
8.3. UAE Electric Motor Market Revenues, By Conveyor Application, 2020-2030F |
8.4. UAE Electric Motor Market Revenues, By Compressors Application, 2020-2030F |
8.5. UAE Electric Motor Market Revenues, By Other Applications, 2020-2030F |
9. UAE Electric Motor Market Overview, By End-Users |
9.1. UAE Electric Motor Market Revenues, By Industrial Processing, 2020-2030F |
9.2. UAE Electric Motor Market Revenues, By Commercial HVAC, 2020-2030F |
9.3. UAE Electric Motor Market Revenues, By Automotive, 2020-2030F |
9.4. UAE Electric Motor Market Revenues, By Consumer Appliances, 2020-2030F |
9.5. UAE Electric Motor Market Revenues, By Power Generation, 2020-2030F |
9.6. UAE Electric Motor Market Revenues, By Others, 2020-2030F |
10. UAE Electric Motor Market - Key Performance Indicators |
11. UAE Electric Motor Market - Opportunity Assessment |
11.1. UAE Electric Motor Market Opportunity Assessment, By Types, 2030F |
11.2. UAE Electric Motor Market Opportunity Assessment, By Applications, 2030F |
12. UAE Electric Motor Market Competitive Landscape |
12.1. UAE Electric Motor Market Revenue Share, By Companies, 2023 |
12.2. UAE Electric Motor Market Competitive Benchmarking, By Operating & Technical Parameters |
13. Company Profiles |
14. Key Recommendations |
15. Disclaimer |
Market Forecast 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: ETC041121 | Publication Date: Jan 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 21.45% over the previous year. While Germany registered a growth of 5.11% as compared to the previous year. In the year 2017, Germany was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, UAE has a Herfindahl index of 1139 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of 1080 which signifies high competitiveness in the market.
United Arab Emirates (UAE) Electric Motor Market report thoroughly covers the market by motor type, voltage range, applications, and speed. The market 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.
United Arab Emirates (UAE) Electric Motor Market is projected to grow over the coming year. United Arab Emirates (UAE) Electric Motor Market report is a part of our periodical regional publication Middle East Electric Motor Market outlook report. 6W tracks the electric motor market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Electric Motor Market outlook report annually.
The latest developments in the market show that the United Arab Emirates Electric Motor Market is poised for significant innovation and growth. Rising emphasis on sustainable energy sources, including wind energy and solar power, which are stimulating demand for reliable and efficient electric motors is the key market development. There are many initiatives underway in the country that help in driving the development of the market. For instance, Abu Dhabi currently launched a new program emphasizing supporting startups working for renewable technologies and accelerating clean energy innovation. Another major development is the rise of smart cities across the country, which depend on smart technology solutions.
The United Arab Emirates (UAE) Electric Motor Market is anticipated to gain significant growth in the future attributed to the growing demand for energy-efficient technologies across many sectors. The future of this market in the nation will remain bright since there will be a huge expansion in demand for electric motors with the arrival of electric vehicles.
According to 6wresearch, the United Arab Emirates (UAE) Motor Market size is anticipated to grow faster during 2020-2026. Electric motors are an essential component in various applications, including transportation vehicles, industrial machinery, and HVAC systems. These motors are effective as they lower emissions as compared to their conventional counterparts and provide higher efficiency. The market is significantly growing since the demand for electric motors is growing and they will grow more as companies are coming up with electric vehicles. There are many initiatives underway in the country that helps in driving the development of the market. For instance, Abu Dhabi currently launched a new program emphasizing supporting startups working for renewable technologies and accelerating clean energy innovation. The government has taken initiatives to reduce greenhouse gas emissions and promote sustainability. The government is focusing on renewable energy sources like solar power which led to a rise in the implementation of electric motors in many industries. These factors have been boosting the United Arab Emirates Motor Market Growth.
The pandemic negatively affected almost every sector worldwide, and the United Arab Emirates Electric Motor Industry was no exception. The outbreak of the deadly virus resulted in a failure in demand for electric motors on account of the slowdown in manufacturing activities as well as reduced industrial production capacity. Additionally, supply chain disruptions also played a major role in affecting the market. Numerous manufacturers confronted challenges in attaining components and raw materials required for their products attributed to transportation restrictions imposed by the government of the country during the pandemic.
Some most significant market players that play an important role in the market progression are:
These market players have a long-standing status for producing innovative electric motor solutions which are environmentally friendly and efficient. They invest in research and development to improve their products and maintain strict quality control standards.
According to Shivankar, Research Manager, 6Wresearch, the Alternate Current (AC), Motor will rise in the market since there is increasing adoption of this motor type in the market.
On the basis of application, the transportation segment has more chances to grow since electric motors are highly used for this application.
In terms of speed, high-speed electric motors are getting very popular and are anticipated to progress more and more in the Electric Motor Market in the United Arab Emirates.
The report provides a detailed analysis of the following market segments: