Market Forecast By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), 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: ETC041133 | Publication Date: Jan 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Egypt Electric Motor market currently, in 2023, has witnessed an HHI of 1863, Which has decreased slightly as compared to the HHI of 2281 in 2017. The market is moving towards moderately 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.
In the year 2021, China was the largest exporter in terms of value, followed by Italy. It has registered a decline of -17.31% over the previous year. While Italy registered a decline of -6.03% as compared to the previous year. In the year 2017, China was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Egypt has a Herfindahl index of 2281 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index ofย 1449 which signifies high competitiveness in the market.
Egypt 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.
Egypt Electric Motor Market has significant potential for growth, offering opportunities for investors willing to take advantage of the various incentives offered by the government. However, several challenges must be overcome, including inadequate infrastructure and the need for a regulatory framework to govern the industry. Nevertheless, with the government's commitment to reducing carbon emissions and its strategic geographical location, the electric motor market in Egypt has a bright future. With more investment and government support, the industry is on track to grow exponentially in the coming years, contributing significantly to Egypt's economic growth and development.
According to 6Wresearch, the Egypt Electric Motor Market Size is projected to grow during the forecast period of 2025-2031. Several factors are contributing to the Egypt Electric Motor Market Share over the forecast period. The country has a strategic geographical location that makes it a potential renewable energy hub for Africa and the Middle East. The government is also offering tax and other incentives to companies investing in green energy. One of the significant trends in the electric motor market in Egypt is the increasing adoption of electric cars. The government has identified this trend and is, therefore, investing heavily in infrastructure support for electric vehicles. This is expected to create substantial growth for the electric motor market. Moreover, electric motors operating efficiency has improved significantly over the years, making it an attractive alternative. With the government's commitment to reducing carbon emissions, there are immense opportunities for the electric motor market in Egypt.
Companies investing in green energy can take advantage of the various incentives offered by the government that include tax holidays, duty exemptions, free zones, and cash incentives. Moreover, several new industries have emerged in Egypt, such as electric vehicle charging stations and solar power companies. Despite the opportunities, the Egypt Electric Motor Market Growth faces several challenges. One significant challenge is inadequate infrastructure, especially in remote areas. Most of the electric vehicles are concentrated in cities, limiting their use and growth beyond these urban areas. Besides, there is a need for a regulatory framework to govern the production and use of electric vehicles and electric motors.ย
Egypt has been working towards sustainable energy for some time now, and their government has taken steps to provide incentives for businesses to shift to energy-efficient electric motors, reducing their carbon footprint. Recently, under the Ministry of Industry and Trade, an initiative called Super-Efficient Motor Project (SEMP) has been launched. SEMP aims to replace less-efficient motors in the industrial sector with high-efficiency models. This demand-side management policy has been implemented with the cost-sharing agreements between customers and SEMPS. The SEMP policy has been a great success so far in reducing energy consumption costs and promoting sustainable energy in Egypt. Another policy that has been introduced is the Supporting Small-Scale Electricity Generation and Net Metering Feed-in Tariff Policy. This policy encourages investment in renewable energy systems by providing incentives to individuals who generate electricity from renewable sources. Under this policy, individuals will be allowed to contribute surplus electricity back to the national grid, which will then be sold back to them at a reduced rate. The policy also covers small-scale solar energy projects and wind turbines.
The leading players in the Egypt electric motor industry include ABB Ltd., Siemens AG, and WEG Industries SA. ABB has a significant presence in the country, having delivered various electric motor solutions for infrastructure and energy projects. Siemens is also active in Egypt, having provided electric motors and other equipment for several power plants and industrial facilities. WEG Industries is a Brazilian company with a growing presence in Egypt, supplying electric motors for various applications.
In terms of Application, the fastest-growing segment is the HVAC equipment sector on the back of rising demand for energy-efficient and environmentally friendly cooling and heating systems in the country.
According to Dhaval, Research Manager, 6Wresearch, the AC motor is likely to grow in the years to come as these motors are versatile and can be used in different applications such as HVAC equipment, motor vehicles, and other industrial machinery applications
The report offers a comprehensive study of the subsequent 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 Egypt Electric Motor Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Electric Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Electric Motor Market - Industry Life Cycle |
3.4 Egypt Electric Motor Market - Porter's Five Forces |
3.5 Egypt Electric Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.6 Egypt Electric Motor Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
3.7 Egypt Electric Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Egypt Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2021 & 2031F |
4 Egypt Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Electric Motor Market Trends |
6 Egypt Electric Motor Market, By Types |
6.1 Egypt Electric Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Electric Motor Market Revenues & Volume, By Motor Type, 2021 - 2031F |
6.1.3 Egypt Electric Motor Market Revenues & Volume, By Alternate Current (AC) Motor, 2021 - 2031F |
6.1.4 Egypt Electric Motor Market Revenues & Volume, By Direct Current (DC) Motor, 2021 - 2031F |
6.1.5 Egypt Electric Motor Market Revenues & Volume, By Hermetic Motor, 2021 - 2031F |
6.2 Egypt Electric Motor Market, By Voltage Range |
6.2.1 Overview and Analysis |
6.2.2 Egypt Electric Motor Market Revenues & Volume, By 9 V & Below, 2021 - 2031F |
6.2.3 Egypt Electric Motor Market Revenues & Volume, By 10-20 V, 2021 - 2031F |
6.2.4 Egypt Electric Motor Market Revenues & Volume, By 21-60 V, 2021 - 2031F |
6.2.5 Egypt Electric Motor Market Revenues & Volume, By 60 V & Above, 2021 - 2031F |
6.3 Egypt Electric Motor Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Egypt Electric Motor Market Revenues & Volume, By Industrial machinery, 2021 - 2031F |
6.3.3 Egypt Electric Motor Market Revenues & Volume, By Motor vehicles, 2021 - 2031F |
6.3.4 Egypt Electric Motor Market Revenues & Volume, By Heating, ventilating, and cooling (HVAC) equipment, 2021 - 2031F |
6.3.5 Egypt Electric Motor Market Revenues & Volume, By Aerospace & transportation, 2021 - 2031F |
6.3.6 Egypt Electric Motor Market Revenues & Volume, By Household appliances, 2021 - 2031F |
6.3.7 Egypt Electric Motor Market Revenues & Volume, By Other, 2021 - 2031F |
6.4 Egypt Electric Motor Market, By Speed (RPM) |
6.4.1 Overview and Analysis |
6.4.2 Egypt Electric Motor Market Revenues & Volume, By Low-Speed Electric Motors (Less Than 1,000 RPM), 2021 - 2031F |
6.4.3 Egypt Electric Motor Market Revenues & Volume, By Medium-Speed Electric Motors (1,001-25,000 RPM), 2021 - 2031F |
6.4.4 Egypt Electric Motor Market Revenues & Volume, By High-Speed Electric Motors (25,001-75,000 RPM), 2021 - 2031F |
6.4.5 Egypt Electric Motor Market Revenues & Volume, By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM), 2021 - 2031F |
7 Egypt Electric Motor Market Import-Export Trade Statistics |
7.1 Egypt Electric Motor Market Export to Major Countries |
7.2 Egypt Electric Motor Market Imports from Major Countries |
8 Egypt Electric Motor Market Key Performance Indicators |
9 Egypt Electric Motor Market - Opportunity Assessment |
9.1 Egypt Electric Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.2 Egypt Electric Motor Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
9.3 Egypt Electric Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Egypt Electric Motor Market Opportunity Assessment, By Speed (RPM), 2021 & 2031F |
10 Egypt Electric Motor Market - Competitive Landscape |
10.1 Egypt Electric Motor Market Revenue Share, By Companies, 2024 |
10.2 Egypt Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |