Pakistan Electric Motor Market (2024-2030) | Growth, Share, Outlook, Size, Analysis, Trends, Forecast, Value, Companies, Industry & Revenue

Topics Covered in the Pakistan Electric Motor Market

Pakistan 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.

Pakistan Electric Motor Market Synopsis

Pakistan Electric Motor Market is one of the fastest-growing markets in South Asia with a large consumer base. In recent years, the electric motor market has gained attention from investors and manufacturers alike due to the nation's move towards sustainable technologies. With the increasing demand for electric motor vehicles, home appliances, and industrial equipment, the electric motor market in Pakistan is growing rapidly.

According to 6Wresearch, the Pakistan Electric Motor Market size was valued at 1.4 billion US dollars in previous years. The market is expected to grow at a CAGR of 6% during the forecast period of 2024-2030. The increasing demand for electric vehicles (EVs) is one of the primary drivers of the electric motor market in Pakistan. In recent years, the government has launched various initiatives to encourage the adoption of electric vehicles. Furthermore, the country's dependence on imported oil has been a major concern, making the transition towards electric-powered vehicles a priority. Therefore, the government reduced the customs duty on EVs to support the local industry. The electric motor market in Pakistan faces various challenges that come with adopting new and innovative technologies. One of the significant challenges is the high initial costs for small and medium-sized businesses. Moreover, the lack of infrastructure for charging stations for EVs is another challenge to the Pakistan Electric Motor Market Growth. Finally, the limited availability of skilled laborers and technicians with knowledge of electric motors further exacerbates the challenges in the industry. The electric motor industry is experiencing various trends globally, and Pakistan is not left behind. One major trend in the industry is the shift towards more efficient electric motors with a focus on reducing energy consumption. Furthermore, the Pakistan electric motor industry is seeing more partnerships between manufacturers and electric powertrain companies to accelerate the development of new and innovative electric motors.

Government policies and schemes introduced in the Pakistan Electric Motor Market

The government of Pakistan has launched several policies and schemes to promote the use of electric vehicles and smart devices in the country. The most significant one is the National Electric Vehicle Policy (NEVP) launched in 2019. This policy aims to promote the use of electric vehicles in Pakistan, reduce carbon emissions, and create a sustainable future for the energy sector. The government has also launched the Electric Vehicle Charging Infrastructure Policy and the Electric Vehicle Manufacturing Policy to support the growth of electric vehicles in the country. The government is also taking measures to improve the quality of electric motors. The Pakistan Engineering Council (PEC) has made it mandatory for all electric motor manufacturers to obtain a certification of their products.

Leading players in the Pakistan Electric Motor Market

The Pakistan Electric Motor Market Share is dominated by local manufacturers, with a few international players like Siemens and ABB. The leading players in this market are Nishat Motor Limited, Gree Electric Motors, and Pak Elektron Limited. These companies have established themselves as leaders in the electric motor market by creating innovative and sustainable products. They offer a wide range of electric motors, including DC motors, AC motors, and servo motors.

Market Analysis by Motor Type

According to Dhaval, Research Manager, 6Wresearch, AC motors dominate the Pakistan Electric Motor Market Share as they are commonly used in pumps, compressors, fans, and conveyor drives.

Market Analysis by Application

Industrial Machinery is the leading application segment, followed by HVAC equipment that has increased its demand in the past few years due to extreme weather fluctuations. The motor vehicle segment has also increased in recent years.

Market Analysis by Speed

In terms of Speed, Medium-speed electric motors are the most prominent segment, favoured for diverse applications, like pumps, fans, and compressors. However, the Ultrahigh-Speed Electric Motor segment is growing in popularity, especially in the aerospace industry.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Pakistan Electric Motor Market Outlook
• Market Size of Pakistan Electric Motor Market, 2023
• Forecast of Pakistan Electric Motor Market, 2030
• Historical Data and Forecast of Pakistan Electric Motor Revenues & Volume for the Period 2020 - 2030
• Pakistan Electric Motor Market Trend Evolution
• Pakistan Electric Motor Market Drivers and Challenges
• Pakistan Electric Motor Price Trends
• Pakistan Electric Motor Porter's Five Forces
• Pakistan Electric Motor Industry Life Cycle
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Pakistan Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• Pakistan Electric Motor Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Voltage Range
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Speed (RPM)
• Pakistan Electric Motor Top Companies Market Share
• Pakistan Electric Motor Competitive Benchmarking By Technical and Operational Parameters
• Pakistan Electric Motor Company Profiles
• Pakistan Electric Motor Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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))

Pakistan Electric Motor Market (2024-2030): FAQs